Will The 2-Day Recovery Hold? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1063328529/2702f7f0a3?share=copy Corn: Rally sparked by delayed Mexican tariffs, supporting market optimism.Strong demand from major buyers amid limited global supply alternatives.Technical rebound above key moving averages signals bullish sentiment. Soybeans: Potential for upward movement with resistance at 1042-1048 levels.Strong South American basis and…
The grain trade awaits talks between the US/Mexico today. The overnight grain trade was mostly higher on further short covering from Wednesday’s positive session. The trade retreated gains this morning before the close as the market awaits Pres. Trump’s talks with Mexican President Sheinbaum. The market is anticipating that there will be modifications to the…
Spec Trade: Buy 2 May Mini-Chicago Wheat at the MKT, 547.2 last with a 525 stop.
Relief rally occurs overnight in grains. The grain trade is higher this morning, as it has been on numerous mornings since its nine-day freefall and is now bouncing from extreme oversold conditions. Corn, wheat and soybeans all are roughly $0.15 off their freefall lows traded Tuesday midmorning. The minor bounce that is currently being experienced…
Tariff Chaos Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1062559424?share=copy Corn: Corn market experiencing free fall due to tight stocks and global supply constraints. Mexican demand remains robust despite tariffs. Significant drought impacting a third of the top corn crop. Chaotic market conditions despite anticipated stability around the 200-day moving average. Cattle: Cattle market…
What the Trade War Is Doing To Grains The indiscriminate selling in the grain trade continues out of pure panic. The trade war with well advertised weeks ago, yet was ignored. Corn and wheat have production concerns growing around the world, even with 1/3 now of the Brazilian corn crop at risk to hot dry…
Tariffs are applied, and anticipated retaliation is occurring. This morning’s grain trade is sharply lower due to the application of tariffs against Mexico, Canada, and China, which was enacted this morning. This is generating new grain selling, with corn, soybean, and wheat futures all lower amid tariff retaliation. China retaliated in a measured fashion with…
After a firm night start, grains are mixed this morning. This morning’s grain trade shows wheat with penny gains, while row crops are lower by a few pennies. Trade awaits an announcement on the tariffs against Canada and Mexico by Tuesday midnight. Mexico is moving quickly on details that Commerce Sec. Howard let next that…
We shall see, but the February end of the month blowout could have pushed May corn and July corn to their 200-day MAs that could mark the bottom side of wave 4.
USDA economic relief payments are expected to be send out on March 17th-21st. FSA will be distributing the checks to the producers. PP acres will receive 50% of the full payment amount. Corn: $43.80 /acre Soybeans: $30.61 /acre Wheat: $31.80 /acre Cotton: $84.70 /acre Rice: $71.37 /acre
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