The grain trade is starting firmer this morning, corn having good export sales. This morning’s grain trade is steady and firm, with corn building on its recovery from the lows seen on the first notice day yesterday. Export sales reported a solid 1 million metric tons, continuing to outpace USDA expectations, prompting adjustments to export…
First notice day deliveries are mostly soybean oil and meal. This morning’s grain trade is mixed. Soybeans are posting losses of nearly $0.10, driven in part by deliveries of 852 contracts in soybean oil and 629 contracts in soybean meal. Kansas City wheat saw 430 contracts delivered, compared to just 88 contracts for Chicago wheat….
First Notice Day Washout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1079944395/487646ac05?share=copy Corn Market fell sharply despite 120,000 MT sale to Spain.Planting progress near 25% pressured old crop premiums.Safrinha crop receiving moisture, further dampening old crop urgency.December corn nearing 78% retracement; support near $4.60.Summer rally now hinges on heat/dryness threats to yield. Soybeans 110,000…
First notice day for May grain contracts is Wednesday. This morning’s grain trade is mixed with wheat, leading the recovery after the heavy selling experienced yesterday and the low of new contracts. Turnaround Tuesday is set there as strength is led by the May Minneapolis wheat contracts, which are set to rise by over $0.14…
Options expire for May grain contracts today. Grain futures are trading mixed this morning after trending higher for most of the overnight session. Soybeans extended their recent rally, decisively breaking above the 200-day moving average. This move was supported by news that Japan will include soybean purchases in its ongoing tariff negotiations—a significant development, as Japan…
Beans Breakout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1078439740?share=copy Corn: Export sales remain strong; USDA may be underestimating by ~100 million bushels.Carryout could tighten to 1.3 billion, driving summer volatility.Wave 4 technical correction complete; setting up for potential Wave 5 rally.Resistance around 470 on December corn if weather adds fuel. Soybeans: Likely export…
Soybeans again lead the overnight Strength. Grain markets are mixed this morning, with soybeans maintaining strength seen earlier this week and corn rebounding after several days of losses. Meanwhile, Kansas City and Minneapolis wheat contracts are softer, reflecting beneficial rains in Kansas and anticipated moisture in the drought-affected Northern Plains, especially North Dakota, which has…
Outside markets rally on reports that Pres. Trump will not remove FED Chair Powell. Grain futures are mixed this morning despite a firm start last night. Stock markets soared while gold collapsed on the word that President Trump indicated a desire to work with China to reduce tariffs, which, as the Secretary of the Treasury,…
Can Wheat Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1077723991?share=copy Corn: Lower on planting progress (12%) and 96 million acre talk triggering two-day correctionMarket near Wave 4 low around 479–480; rebound likely post-options expiry FridayFocus remains on old crop demand and stocks rather than acreage expansion Soybeans: Higher on U.S.–China tariff talk optimism…
A mixed trade to start Turnaround-Tuesday. After mostly higher evening sessions, wheat and corn prices turned softer in the early morning hours as French milling wheat fell upon reopening after the Easter Monday holiday. French milling wheat hit a new calendar-year low, dragging our wheat values lower. As of Sunday, corn plantings were at 11%,…
You are signed up for a 30 day free trial of the Heartland Newsletter.
Check your email to make sure you you got the welcome email.
