Grains Looking For A Rally To Hold Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1035751168/a92e8d90f4?share=copy Soybeans Soybean oil oversold, yet exports remain strong due to competitive pricing.Potential upside hinges on Argentine weather or unexpected export boosts.Risks include bearish patterns signaling potential drop to $920–$880. Corn U.S. corn is the cheapest globally, maintaining export dominance…
The grain trade starts the week on a softer note. There is a softer grain trade this morning as the session gets underway for a full week. Despite a weak Brazilian real currency and abundant South American rains, soybeans still remained in a range of 975-1000. Wheat awaits export news to take it out of…
This morning’s grain trade will have soybean oil sharply higher while soybean meal will be lower. This morning’s grain trade will have an interesting take on soybean products. A sharp reversal of Wednesday’s action will occur as Indonesia will install their B40 biodiesel blends on January 1, which will have soybean oil sharply higher. Conversely,…
Grains closed today at regular time and will not reopen until Friday morning at 8:30 a.m. CDT. The corn and soybean markets are showing some signs of strength this morning, while wheat seems more influenced by spread action ahead of delivery than anything. The front month is trying to trade higher, but weakness is seen…
Trump Traders Try Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1033615801/740bc7043a?share=copy Trump Tariff AnnouncementsProposed 10% China, 25% Mexico and Canada tariffs driving immediate market volatility.Fentanyl crisis cited for Mexico and Canada tariff rationale.Market reacting early to policy shifts effective January 20. Corn MarketPrices dropped on fears of reduced Mexican imports, creating buying opportunities.Seasonal…
Grain futures firm despite Trump’s tariff talks. Grain futures started mixed overnight, but we saw wheat and soybeans advance in a “sell-the-rumor, buy-the-fact” type mentality as the evening progressed. Late in the day yesterday, we got our first shot of tariff talk from President-Elect Trump since the election. Trump posted on his Truth Social website…
Spread action flips overnight with soybeans firm and grain softer. This morning’s grain trade reversed last week’s action via spreading. Soybeans are bought, while wheat and corn are sold. We are heading for the first notice day for the December grain contracts, which is Friday, and liquidation is noted on the December corn and wheat….
Will Russia/Ukraine have issues again over the weekend? This morning’s grain trade has turned firmer after a soft trade, with the US dollar pushing to a new 13-month high of 108.07 before retreating half its gains. Despite the dollar’s strength, gold pushed over 2700, while bitcoin challenged 99,500. We could see a short-covering day today,…
Corn and Wheat Are Set For Gains Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1032095419/d5134a4cb0?share=copy WheatCorrected after resistance at moving averages but remains above prior day’s highs.Pullback could extend to 6766 or 565, aligning with Fibonacci retracement.Support expected through weekend amid geopolitical tensions and Friday’s options expiration. CornNew high on December contract reversed lower,…
Russia launches an ICBM with conventional weapons. This morning’s grain trade had seen wheat post the strength overnight as Russia used an Intercontinental missile to make a strike on Ukraine. Traders are working to determine whether the escalation between Russia and Ukraine is severe enough to disrupt grain production or trade out of the region,…
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