A Tale of Two Cities Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1203947068/7754472476 Corn: Corn broke below a major multi-year support zone. Trade is increasingly expecting June 30 acreage to remain near 95.5 million acres. A technical breakdown projects downside toward 423-424 if support fails. Soybeans: Soybeans continue to hold key support near 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…
Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….
Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….
Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….
Has The Falling Knife Hit The Chopping Block? Presented by Heartland Investor Capital Management Inc. CTAhttps://vimeo.com/1201908718 Corn: Support held near 440 on a closing basis. Long-term support from the 2024 range remains intact. Resistance is seen near 460 initially. A friendly June 30 acreage report could open a move toward 470-480. Weather during pollination remains…
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…
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…
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…
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