Argentina On The Radar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1043507296/f5cc367fdc?share=copy Grain Markets: Corn traded near $4.60, holding above the 200-day moving average.Soybeans rebounded above $10.10 despite early struggles, supported by Argentina’s ongoing dryness.Wheat remains a laggard, with domestic challenges offsetting gains in global milling wheat prices. Cattle Markets: Live cattle rallied toward…
Trouble With South American Weather Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1043170861/64d922b285?share=copy Soybeans:Brazil’s heavy rains delay soybean harvest and Safrinha corn planting.Argentina remains dry, creating concerns over soybean meal availability.Soybean prices rally, supported by end-user buying and index fund shorts. Corn:Brazil’s Safrinha corn planting delayed in Mato Grosso due to rain.U.S. corn remains key supply…
Corn Continuing Higher, Soybeans Falling Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1042330978/1d0c71ca32?share=copy Corn Market Dynamics: Corn price forecast: Targeting $4.65-$4.69 and potentially reaching $4.85-$5.00 by February.Current position: Above the 200-day moving average, showing a strong upward trend. Soybean Market Developments: Explosive growth in soybean meal prices amid weather concerns in Argentina affecting crop…
Potential Soybean Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1042022204/982b0d6ca8?share=copy Soybeans:Soybean meal supports the market, driven by European demand and Argentine dryness concerns.La Niña may create January rallies, with potential upside targets of $10.20–$10.80. Corn:Strong momentum with measured moves suggesting targets of $4.65–$4.77.Seasonality could bring a rally through April-May, supported by Brazilian planting…
Are Cattle In Trouble? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1040910880/f9e20d9eeb?share=copy Corn: Corn held its wave four correction, showing potential for wave three of wave five up. Resistance at 446.75; breakout targets 460-465 for potential sales. Basis weakness might recover post-New Year; highs likely in April-May. Soybeans: Soybeans bounced after testing critical trendline…
Can Corn Still Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1040164435/206379a587?share=copy Corn:Turned higher after Friday’s low but must hold 440 support; failure risks a larger pullback to 432-436 before resuming an upward trend.USDA’s lower carryout estimate supports corn’s upward bias, with acreage competition expected to sustain prices. Soybeans: Broke lower, targeting 945-950 if…
Did Corn Top? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1038708440/68d0adb120?share=copy Grain Markets: Corn exports near 1M metric tons weekly; soybeans over 1M with new sales announced.Wheat shows signs of potential rally; short covering may boost prices. Livestock Markets: Cattle push toward 193-196 range; feeder cattle eye 270 with strong holiday momentum.Seasonal patterns favor…
Post WASDE, Corn Climbs Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1037948799/901d792863?share=copy Corn: USDA lowered corn carryout by 200M bushels, sparking a rally.Exports adjusted up 150M bushels despite global challenges (e.g., Ukraine, Argentina).Rally likely to continue until April, with historical seasonal strength into spring. Soybeans: No major changes in USDA estimates; market remains stable.March…
Are Grains Ready To Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1036508296/c3c943812a?share=copy Corn: Export sales exceeded expectations at 1.732 MMT.Strong seasonal demand expected through early 2024.Price action suggests a push toward $4.58-$4.59. Soybeans: Strong export sales driven by China, despite bearish South American weather.Potential for prices to challenge $10.20 if resistance breaks.Dry weather…
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…