Grains traded 2-sided overnight, breaking a bearish slide. Grain Overview The overnight grain trade had seen a mixed approach after yesterdays heavy selling erased most of the Monday night’s gains, when wheat was up as much as $0.30. Last nights weakness absorbed the anticipated StoneX high watermark estimate for Friday’s WASDE/Crop Production report, with corn at…
Grains Reload While Cattle Test Resistance Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1225075053/9504f7f14d 🐂 Cattle:Live cattle are bouncing after completing what appears to be a short-term five-wave decline.October cattle are approaching major resistance around $219-$220.A stall near that area could produce another pullback before the longer-term recovery resumes.February cattle could eventually work toward…
Overnight grain optimism fades from the typical 4:00 A.M. high. Grain Overview The overnight grain trade opened higher, with wheat at one point gaining $0.30 in the overnight session on word that no Black Sea grains were moving this week. But as typical, by 4:00 a.m. CT when the MATIF opens, the selling vigilantes arrive to…
https://vimeo.com/1224028889/1b34aa8385 Please reply to the email and text message to keep us out of your spam box. Here’s what you’ll receive ☀️ Morning Update — Every WeekdayA quick look at overnight markets, today’s outlook, key news, and what we’re watching. 📊 Market Newsletter — Monday & WednesdayCharts, market analysis, important factors, and the opportunities or…
Trade consolidates ahead of a three-day weekend. Grain Overview Overnight grain trade has been mixed, with corn, soybeans and wheat spending time on both sides of unchanged. A lot of what we are seeing this morning looks like consolidation ahead of the long Labor Day weekend, with markets closed Monday. That should encourage more position squaring…
Grains Fight Through Bearish News Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1223814394/7d0f84efd4 🌽 CornCorn shook off the early pressure and briefly traded higher before closing with moderate losses.The break held near 528 support, and prices quickly recovered after testing the corrective zone.A close above 544 Friday would strengthen the case that the next…
Putin comments send grain prices sharply lower. Grain Overview It was inevitable, after what has been a sizable press to the upside with corn hitting psychological 5.50, Chicago wheat near 8.00, and a beans contracts registering beans in the teens, a sizable break in price was in the making. The story that triggered it occurred at the…
Wicked Wednesday finds the price correction Turnaround-Tuesday missed. Grain Overview After pushing higher on Turnaround Tuesday, Wicked Wednesday caught the correction from an extended grain trade. In the opening minutes of the night session, new contract highs were seen across the screen, and immediately, profit-taking-inspired selling brought the market off its overnight highs, retreating a…
The Air Is Getting Thin Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1223138420/42bd430c51 🌽 CornCorn continues pushing new contract highs as U.S. yield expectations decline and European crop problems strengthen potential export demand.The 542–550 area could create a temporary stall or Wave 4 correction before another move higher.Longer term, the outlook still favors eventually…
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