Corn Clears $5 Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1057983305/a3e12f9c35?share=copy Cattle: Live cattle pullback nearing completion, resistance at 197 for confirmation.Feeder cattle show early signs of turning up, key support at 259-260.Complex market suggests selling calls and puts over directional trades. Corn: Corn hit $5.02, confirming the predicted first-quarter rally.Further upside expected, with…
Corn leads overnight recovery strength. This morning’s grain trade is mixed after a lower start overnight. Strength in corn has the spot March contract challenging $5.00, throwing support to the soybean and wheat market as Friday’s highs come back into focus. Corn cash basis in the Eastern Midwest firmed late last week, with the Central…
Grain futures higher, wheat leading with arctic cold temps blanketing the plains for the next week. In the wheat belt, there will be 20-30 degrees below average temperatures for the next 8 days which will raise concerns over potential winterkill risk with the lack of snow cover. The trump administration did not announce reciprocal tariffs…
A Deeper Look At Cattle Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1056469143/3338e63533?share=copy Cattle Market Analysis: Live cattle declined sharply, likely ending wave five of a larger wave three.Feeder cattle breaking lower, with support around 189-190 and Fibonacci support near 193.Seasonal pressure expected in summer, with potential recovery into October-December. Feeder Cattle Technical Analysis:…
Bitter cold temperatures mildly support wheat values overnight. The grain trade is mixed this morning, with corn and soybeans moving lower while the wheat trade maintains a firm tone. Export sales are softening now for soybeans, and with the improved outlook of South American crops, price biasing is now pointing down for beans. Corn continues…
The morning grain trade is softer on follow-through selling from yesterday’s poor close. The morning grain trade is softer across the board, following yesterday’s lower close on a February WASDE crop report that did not show the minor cuts in carryout that were anticipated. February bears are in place for seasonal weakness, with even the…
Post Report Cattle, Gold, and Oil Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1055713068/6a1c3d278f?share=copy Crop Report & Grains: USDA’s report left corn and soybean carryout unchanged, missing expected reductions.Corn exports and ethanol use remain strong despite earlier bearish sentiment.Brazil’s planting delays and Argentina’s uncertain crop add to market volatility.Corn broke lower, with key support…
USDA Report 2/11/25 The U.S. grain ending stocks remained unchanged from last month, which is slightly negative, while world stocks were lower than estimates, suggesting a potentially friendly long-term outlook.
The February WASDE crop report is out at 11:00 a.m. CT today. The grain trade was mostly higher overnight, led by wheat. Concerns are growing that the Black Sea region will soon see a severe cold snap with little to no snow cover protection. Short covering was also seen in corn and soybeans ahead of…
Overnight grain trade exhibits surprising strength after a lower start. The grain trade opened lower as anticipated Sunday night, but the worst of the trading in price was over within the first minute. Soybeans found immediate buying interest, due to the fact that China’s application of tariffs to some US industries did not include soybeans…
