Argentina re-institutes export taxes. Moderate gains were seen for much of the overnight session as short covering developed. Corn, soybeans, and wheat were becoming undervalued in the global market, and support is starting to be provided. Support also came as news surfaced that Argentina will be reinstating its export taxes on the sales of grains,…
Grains maintained Tuesday’s gains while soybeans joined the lift. After a strong performance by wheat and corn on Tuesday, the strength maintained overnight carries through the morning session. Meanwhile, soybeans rechallenged early week lows and found demand in soybean oil and the bean product, creating a sharp recovery rally in the early morning hours. Comments…
Corn Continues To Perform Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1121306012 Corn: Strong turnaround Tuesday rally despite Argentine tax cutsSupport held at 517 to 520 with close above 50 day moving averageNext targets 431 resistance then 442 to 444 if 200 day clearedExports solid with Mexico buying heavily Soybeans: Struggling under Argentine tax…
Corn and wheat hint at a Turnaround-Tuesday. This morning, we are starting out with a mixed trade. Corn and wheat are finding traction for a turnaround on Tuesday, while soybeans bumped Monday’s lows, looking for stability above 10.00. Corn continues to be the best-performing grain contract, as we are now seeing flash sales picking up…
Argentina to remove its grain and soy export taxes through October 31 to boost its supply of dollars. Grain futures opened soft in the evening but were uneventful until early morning. At around 6:00: a.m. soybeans turned sharply lower as Argentina announced it would remove its grain and soybean export taxes to boost dollar supplies…
Cattle On Feed On Feed: 99% vs 99.1% estimatePlaced: 90% vs 91.0% estimateMarketed: 86% vs 87.2% estimate Report slightly friendly compared to pre-report estimates.
Pres. Trump and Pres. Xi have a phone call at 9:00 a.m. CT this morning Corn and soybeans are showing strength heading into the weekend, while wheat trades in a narrow, mixed range. The overall tone in the market is being shaped by collective trade positioning after a week of volatile price action. An increasing…
Corrections Across The Board Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1119909094 CornFirm despite retreat, holding above last week’s closeSupport seen at 418 to 422Technical charts suggest continued strength and possible higher trade tomorrow SoybeansTwo-day correction after Monday’s rallySupport near 1028 to 1030 with strong buying interest expectedStill viewed as constructive despite pullbacks WheatCorrecting…
Wheat seeks to be competitive with Black Sea origin. Grain futures are showing modest strength in overnight trade, though soybeans are under light pressure. With little in the way of fresh market-moving news, futures are lacking strong direction. Wheat is leading the way higher, supported by growing expectations that U.S. exporters will pick up demand…
The grain trade remains firm after yesterday’s strength. After seeing some corrective action in the night session, the grain trade has a firm tone this morning. Yesterday’s gains continued as more US yield data comes in, and suddenly, there is radio silence from firms predicting 190 bpa corn. Heavy disease and drought pressure have some…
