Market Quick Take

Is The Trump Trade a Fools Trade? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1022262463/9a5fc81a07?share=copy Corn: Exports: 360,000 metric tons of corn sold to Mexico, driving a rally.Bull spreads performed well in the market.Corn is 65% harvested, with dry weather supporting progress. Soybeans: Soybean exports could rise if China ramps up purchases later this…

Morning Update

A mixed trade for grains to start Tuesday. This morning’s grain trade is softer, led by wheat, as row crops had traded both sides unchanged throughout the night. With a lack of fresh news after the Chinese interest rate reduction on Sunday night, which takes time to take effect, the trade is now floundering. Support,…

Morning Update

China lowered its prime lending rate by .25% overnight. Grains started softer in the Sunday night session but firmed overnight as the Peoples Bank of China lowered its prime lending rate by .25% to 3.1% for a one-year loan and 3.6% for a five-year loan. This overnight boosted gold, silver, and crude oil as the…

Morning Update

China woes soften grain overnight. The overnight grain trade was firm primarily for corn and soybeans as it saw follow-through buying from the big Thursday reversal higher into the close. Gold, silver, and gold are higher this morning, with gold making new all-time highs. Last night, China’s economic report showed the slowest growth since early…

Market Quick Take

Lunatic Reversals Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1020721475/4fb2f68439?share=copy Grain Markets: Grain prices dropped on deflated demand outlook due to lack of action from Chinese financial authorities.Strong buying emerged as corn dipped below $4, driving a price reversal.Soybeans showed bull spreading, suggesting underlying strength rather than an overly bearish market. Livestock Markets: Cattle…

Morning Update

China woes soften grain overnight. Grain futures started firm and traded moderately higher in the evening session until another Chinese overnight briefing, this time from their Housing Ministry, failed to meet investors’ hopes and sent property stocks plummeting. This triggered the selling that pushed soybeans lower in the continuation of Wednesday’s action when the EU…

Morning Update

Soybeans challenge 10.00 in overnight strength. This morning’s grain trade is mixed with soybeans leading a recovery in price after yesterday’s reversal from a bullish NOPA crush report. At the same time, wheat continues to soften in trying to understand Russia’s export tax selling floor. The Nov/Jan bean spread firmed 8 cents over the last…

Market Quick Take

Ags and Oil Down the Slippery Slope Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1019939788/d84da7facd?share=copy Oil Market Drop Price fell below $70 after Israel confirmed it won’t target key areas in Iran.IEA reports falling demand in early 2025 amid China’s slowdown.Crude declined from last week’s highs, showing possible continued downtrend. Corn Market Trends Corn…

Morning Update

Crude oil and China drag grains softer overnight. This morning’s grain trade is lower across the board, led by the soybeans, as favorable South American weather and the sharp collapse in crude oil overnight weighed heavily on the biofuel pricing side of the grain trade. China’s stock market was sharply lower overnight due to its…

Morning Update

Russia raised it’s cash price floor. This morning’s grain trade is softer across the board, with wheat futures having tried to stabilize and traded mixed in the morning hours. Paris wheat futures are higher by $1.50/MT as Russia announced a seller’s floor under the cash price of $250/MT FOB. This compares to prices offered last…