Market Quick Take

Oops, The USDA Did It Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1112083933 Corn: Prices up over 20 cents in a week, breaking resistance Pro Farmer tour shows weaker ear length, kernel depth, crop variability USDA yield assumptions questioned, especially on Southern acres Exports 860,000 MT, above highest estimates December corn holding above…

Does the PF Tour Matter? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1111442124 Corn: Turnaround Tuesday closes firm despite USDA’s big yield report Support remains above last year’s lows, potential head and shoulders bottom forming Soybeans: Correcting lower as bean oil drops on renewable fuel rumors Wave counts suggest pullback before possible advance toward…

Cattle Blew A Gasket Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1110106473 Corn: Stability returned after USDA’s 188.8 bpa yield and 97.2 million acres estimate End-user buying interest supported prices near Tuesday’s lows Global corn stocks-to-use ratio at 9 percent could tighten further if Brazil or Ukraine face export issues Soybeans: Prices peaked near…

WASDE Aftershock Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1109461961 Corn: Record 188.8 yield with 2 million added acres to 97.2 million planted Production at 16.742 billion bushels, above expectations Heavy supply weighs on wheat via feed substitution Soybeans: Record 53.6 yield but acres down 2.9 million to 80.1 million harvested Production 4.292 billion,…

What Will WASDE Have To Say? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1108215645 Corn: Reversed off lows, broke below $4 but rallied near highs on 3.16 MMT exports vs 2.0 expectedWASDE yield guesses average 184.1 bpa; key resistance at 410–416Crop faces sun shortages despite rain, limiting upside Soybeans: Old crop sales beat estimates…

When Is ‘Big’ Big Enough? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1107521111 Corn: StoneX pegs yield at 188.1 bpa, higher than expectedOther models showing 184–186, AI models even higherHeat seen in Kansas/Nebraska but mostly irrigatedEuro model adds light Midwest heat Aug 15–18Rain stays in forecast, no major “dome of doom”Corn sliding toward $4;…

Feeders Flame Out Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1106245253 Feeder Cattle: Outside day down posted, signaling potential near-term trend change Hit and rejected 340.10 high, above prior 337 target Extension math shows measured move target was 340.70 Support zones seen at 329 (17-day MA) and 325.5 (38% retracement) Possible wave A down…

This Feeder Cattle Run Is On Fire. Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1105591857 Feeder Cattle: Vertical bull run continues, achieving target of 337Current leg matches golden ratio extension from prior waveAcceleration phase lacks a true “thrust” breakoutOnly four days in July saw a lower low vs. prior sessionWeekly chart shows extreme parabolic…

Grains are Going Nowhere Fast Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1104255085?share=copy Corn: USDA initially announced China bought 120,000 MT corn; later corrected to South KoreaCombined with 280,000 MT to unknown (likely Mexico), over 400,000 MT sold in a dayDespite correction, corn held firm all morning and closed only slightly lowerSeptember contract holding…

Is This the Final Nail in Wheat’s Bear Market? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1103570859?share=copy Wheat: Russian farmers withholding supply, pressuring short positions and helping firm global prices. US winter wheat harvest ~75% complete, easing forced sales and turning focus to stored bushels. Outside day up in December wheat signals technical strength…