Market Quick Take

WASDE Preview & Cattle Patterns Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1235562729/798b1bbae9 🌽 CornEuropean corn hit new contract highs.U.S. gains faded under harvest pressure.We expect European buying, but flash sales remain absent.December needs to hold $4.75 after failing at its 100-day average.Iowa yields will test USDA’s supply outlook. 🌱 SoybeansSoybeans faded as the…

WASDE Preview & Cattle Patterns Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1234202238/b25a9d6439 🌽 CornFriday’s USDA reports put corn yield front and center.The trade expects 177.8 bushels; we expect 177 or lower.Lower yields could offset larger stocks and tighten carryout.Corn held near $5; $4.85 still fits the broader uptrend.A friendly report could spark gains…

YOWZA! Markets Are Moving Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1233506965/33ff7e3683 🌽 CornChina buying hopes sparked the late rally.Corn held support at the 100-day moving average.Watch for an 8 a.m. USDA flash sale.We favor a bullish yield surprise in Friday’s report. 🌱 SoybeansNovember beans climbed above $13.Resistance sits near $13.08–$13.10.Mold and shattering raise…

First Of The Month Turns Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1232159279/4b6890a04a 🌽 Corn We tested the 100-day moving average and closed higher. Open interest has dropped sharply without triggering a major liquidation. We think the October 9 crop report could quickly change the USDA story. We still see a path toward substantially…

USDA Really Rocked The Boat Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1231827322/fecb9beb3f 🌽 Corn USDA stocks came in well above expectations after feed residual was cut 200 million bushels. That pressured corn sharply lower, but we still view this as a correction within the larger uptrend. Harvest reports continue pointing toward yields below…

USDA Stocks Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1231434983/b74366b620 🌽 Corn September 30 stocks are expected near 1.924 billion bushels. Below 1.9 billion would be notably bullish. We believe wave four may be behind us. The 514 retracement area held as support. A close above 530 would favor the next leg higher….

A Little R&R Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1230019916/6692c45b82 🌎 TradeChina remains a major focus for agriculture.The shorter trade extension keeps pressureon China to follow through on purchases.That could become increasingly importantfor USDA demand estimates later this fall. 🌽 CornCorn continues holding key support.Month-end pressure could still bringa pullback toward the 514–516…

Everybody Talks Peace, Yet Wars Continue Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1229309836/62adb7eab3 🌽 CornCorn followed crude oil lower into the close after trading near $5.41.European corn surged again and sits near contract highs.Their crop may be roughly 15 MMT below earlier expectations.We still believe corn is working through Wave 5 with upside…

The Cattle Crumble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1227856424/2907de4e57 🐄 CattleCattle have broken hard after last week’s rally.Santa Teresa remains on track to reopen September 24.That has weighed most heavily on deferred feeder cattle.We still think the major fall low may already be behind us.December live cattle could test the 212–215 area…

Big Iron Market Outlook Seminar with Eugene Graner, Randy Martinson and Jim Emter Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1227494048/dce805c958 📊 Big Picture Market Outlook There are several competing forces pulling on the markets right now. Harvest pressure and higher interest rates are obvious headwinds. Strong demand, energy prices and tightening supplies offer…