Brazil’s final bean production is slightly lower than expected. Soybeans are showing strength this morning, while corn is steady. Wheat is having penny losses, with Chicago wheat making a new contract low. CONAB released its final crop estimates, and soybeans came in below the average trade guess, supporting soybeans this morning. Today’s session will feature final…
WASDE Preview/ Cattle Realities Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1117577485 Corn: WASDE expected yield guesses 180–190, average 185.7 Carryout shrinking near 1.3 billion Chart shows V-bottom, potential rally above $4 October report critical for confirmation Soybeans: Average yield guess 53.1, slightly lower Carryout projected at 298 million Testing retracements, possible deeper correction…
A mixed and near steady start for this morning. After a soft night in trading on pricing, the morning wakes up to a mixed morning with minor strength in wheat while beans and corn find a near stable start to the day. As always, we are dealing with a lack of fresh news and low-volume…
Turnaround-Tuesday in play. Turnaround Tuesday has made its presence felt in the overnight trade, following strong gains into Monday’s close. Despite the firm start to the week, a lack of fresh news and the beginning of the US harvest season are both applying pressure to the futures market. Yield results for corn and soybeans continue…
WASDE crop report this Friday. Grain futures opened the week trading in a narrowly mixed pattern. Corn is seeing modest pressure, while soybeans and wheat are posting slight gains. Weather is a key driver this morning, as frost has been reported in parts of the Northern Midwest. Although no major freeze events have been confirmed,…
Yields are starting to get lowered for the September 12 WASDE crop report Corn, soybeans, and wheat are trading on the plus side ahead of the weekend as short covering develops. This week’s pressure has come from a lack of bullish news, not from bearish news, and this has lessened selling pressure. Corn and soybeans…
Corn Bears Are Packing It In Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1115941702 Corn: Reversal on the close above downtrend lineChallenging wave three pattern formingPotential upside targets 431–439, with 444 recommended old crop saleExports strong, concerns about Argentine pricing may limit but not halt salesOctober combines will provide decisive yield data Soybeans: Strong…
Corn futures retain strength overnight Corn firmed late in the night session, while soybeans and wheat were again under pressure from a lack of bullish news in the overnight session. Much of the news we see in the market is simply updates to stories we already know, which has greatly diminished market interest. Concerns over…
Grains Mixed On The Morning Session Wheat is mixed this morning with corn and soybeans, softer. The weakness in soybean oil has the bean market back testing yesterday’s lows despite a surprise drop in crop ratings of 4% in the good to excellent category. Soybeans expected a seasonal decline in the good/excellent category by 1%…
Corn Bears Are Getting Ready For Hibernation Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1115279542 Corn: Strong export inspections, year-to-date 29% higher than last yearBroke moving average and April trendline resistanceResistance around 430 range; short-term upside may be limitedOld crop and March contract sales recommended for hedgers Soybeans: Export inspections up 11% year-over-yearChina expected…
