Market Quick Take

Soybean Oil Steals the Spotlight Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1102303767?share=copy Corn: Corn held firm overnight despite the Coca-Cola cane sugar news. Market faded into the close after soft export sales and overbought signals. Traders dismiss the Coca-Cola narrative as yesterday’s news. Pollination issues surfacing in areas with extreme nighttime heat stress….

Prospects of a Cattle Top and Corn Bottom Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1101660020?share=copy Corn Corn held late-session gains after Monday’s outside day upSugar import restrictions lifted sugar prices, slightly boosting HFCS demandFailed to hold above the 420 resistance markTechnicals show support near 408, with possible downside to 385Farmer selling likely paused…

Cattle’s Top and Tumble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1100413166/a0714a62cc?share=copy Cattle: USDA paused cattle imports after an animal was found north of infected zone, sparking panic buying.Feeder cattle hit new all-time highs at $326.87 on the spot contract, up $6 per cwt.Mexico’s president called the pause exaggerated, aiming to quickly reopen the…

Cattle Surge While Grains Purge Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1099765367/a9dc65e8c6?share=copy Cattle Market: Strong rebound off last week’s lows after Mexican feeder cattle imports began July 7 Market reversed initial selloff as the news was already priced in Boxed beef values climbed again; packers profitable despite tight kills Goldman roll helped shift…

The Elephant In the Markets Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1097980237?share=copy Corn: Big crop potential remains the focus with yields estimated at 184 to 189Support held at four dollars with a small bounce into the closeWeakening dollar driving new demand interest especially out of AsiaEuropean corn crops in Ukraine France and Germany…

June 30th Crop Report Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096707782?share=copy Corn: Market remains lower since Sunday night, erasing last week’s bounce July contract first notice date is Monday; must exit by Friday Corn stocks expected lower year-over-year, matching expectations Monday’s acreage estimate averages 95.35 million acres; if it hits 96, it’s…

What Can Change The Tide? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096041249?share=copy Corn Crop ratings 2% below trade expectations Crude oil collapse pulling ethanol and corn lower No current weather threats ahead of July 4 Soybeans Soybean oil sharply lower, back to last week’s lows Biofuel weakness weighing heavily on soybeans Crop ratings…

Cattle Top & Counter Seasonal Wheat Rally Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1094172817?share=copy Wheat: Futures rallied double digits on concerns over Kansas disease-related light test weights Dry weather in France and Eastern Europe impacting wheat’s reproductive phase December wheat nearing neckline breakout with upside potential to $6 Kansas City and Minneapolis wheat…

Post WASDE & Outlook Presented by Heartland Investor Capital Management Inc. CTA https://www.youtube.com/watch?v=xKaQVWx3Vdw Grains: Corn carryout cut 50 million bushels to 1.75 billion, no market reaction.Beans unchanged, but 5 million bushels below trade guess.Wheat exports raised 25 million bushels; no change to yield or production. Markets: US dollar hits lowest since April 2022, down 12%…

June WASDE Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1092239392?share=copy Corn: WASDE report due Thursday at 11 AM, major focus on old crop ending stocks. Guesses range 1.3 to 1.46 billion bushels; author expects 1.325. New crop corn estimates around 1.789 but possibly under 1.8. Corn exports questioned, but usage remains strong via…