Grain futures find strength while outside energy and metal markets collapse. Grain Overview Grain futures managed modest gains overnight as value buying emerged across the agricultural sector. Corn, in particular, has become increasingly attractive from a global pricing standpoint after an extended selloff pushed futures into technically oversold territory. While downside momentum has slowed, the…
A Week of No Grain Free Falls Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202611330 Corn: Support holds near 460-470. Trade focused on June 30 acreage report. Lower acres would tighten carryout. China demand remains a wildcard. Dec corn target still 470-480. Soybeans: Holding key support near 1130-1135. USDA confirmed 372,000 MT export sale….
Has The Falling Knife Hit The Chopping Block? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1199880647 Grains: Grain futures traded a volatile session Tuesday as traders positioned ahead of Thursday’s USDA WASDE report. Corn and wheat managed early strength before fading into the close, while soybeans posted an inside day and avoided making new…
Post WASDE Fallout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1200563883 Grains: WASDE largely a non-event for grains Most adjustments already priced in pre-report Wheat the only mildly friendly component Corn and beans both traded defensive into release Positioning and flow dominated price action No major USDA surprise factor today Corn: July futures printed…
The USDA takes another crack at guessing demand in today’s WASDE report. Grain Overview The overnight grain trade ended mixed ahead of today’s June WASDE crop report out at 11:00 a.m. CDST. The report is typically a non-event, but today, fresh news could prompt price action. Demand is the factor in the June report, and…
Grains put in a firm session overnight. Can it survive the day sellers today? Grain markets pushed higher overnight with the Strait of Hormuz remaining closed seeing corn, soybeans, and wheat all attracting fresh buying. Weather remains the main driver, as stress is building across several important growing regions. The wheat market is no longer focused only…
KC wheat stalls overnight on renewed forecast of rain after May 1st This morning’s market has Kansas City relaxing from yesterday’s breakout price of a congestive range, bolting through 660 by $0.26 before retreating overnight, as rains continue to propagate the weather models for the dry areas of the HRW wheat belt after May 1. This…
It’s Become Real Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1185961822 Wheat Kansas City wheat pushes to new multi year highs as drought stress worsens across western Kansas and eastern Colorado. Crop conditions deteriorating with wheat already heading, limiting benefit from any early May rains. Northern Kansas showing severe damage with short crop and…
Corn and wheat are higher this morning, maintaining overnight strength. Energy markets are pushing higher this morning after weekend talks between the US and Iran failed to produce any progress toward ending the conflict. In response, President Trump has ordered US Navy ships to move toward the Strait of Hormuz, a decision that has raised questions…
Pres. Trump announces “Celebration of Agriculture” day for March 27 After the broad selloff on Wednesday, futures found their footing overnight, with agriculture joining the steadier tone. Soybeans absorbed the worst of the damage in the previous session, falling hard enough to lock limit, which now widens today’s trading band across the soy complex. That takes…
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