Tuesday’s Stocks Report & Cattle Stories Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1122002390 CornExport sales strong for this time of year with one third of annual target already bookedUSDA likely underestimating demand by about 100 million bushelsHarvest pressure possible but key technical support remains Soybeans Prices holding inside key retracement box after sharp…
Corn Continues To Perform Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1121306012 Corn: Strong turnaround Tuesday rally despite Argentine tax cutsSupport held at 517 to 520 with close above 50 day moving averageNext targets 431 resistance then 442 to 444 if 200 day clearedExports solid with Mexico buying heavily Soybeans: Struggling under Argentine tax…
Corrections Across The Board Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1119909094 CornFirm despite retreat, holding above last week’s closeSupport seen at 418 to 422Technical charts suggest continued strength and possible higher trade tomorrow SoybeansTwo-day correction after Monday’s rallySupport near 1028 to 1030 with strong buying interest expectedStill viewed as constructive despite pullbacks WheatCorrecting…
The Bears Are Befuddled Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1119207122 Corn: Support at 420 remains strong with resistance at 431 to 435December corn retracing 50 percent of prior decline, forming a V-bottom patternSales paused near 450 but reownership recommended if selling off the combineCarryout could drop under 2 billion bushels with yields…
Grains Improve Ahead of WASDE Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1117907033 Grains: Soybeans rallied despite softer export salesConab raised Brazil’s crop, but below trade estimates, supporting beansCorn held support, showing bullish outside day setupWheat posted a key reversal from new lows Weather: August was driest since 2013 in major Corn Belt areasDryness…
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…
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 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…
The Big Reversal Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1114033165 Corn: Strong reversal with an outside day up Fear of early frost supporting prices Targets seen in 425 to 435 range Soybeans: Consolidating above 1140 with bullish pennant formations Breakout above 1050 could push toward 11 to 12 dollars Tight carryout potential if…
Cattle Won’t Back Down Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1113361953 Cattle: Live and feeder cattle resilient despite health scare headlineBoxed beef up over $6 supports higher live cattle bidsOctober cattle could test 242, feeders eyeing 370 to 372Timing window for seasonal top still open into mid September Hogs: December hogs punched new…
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