Can Corn Still Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1040164435/206379a587?share=copy Corn:Turned higher after Friday’s low but must hold 440 support; failure risks a larger pullback to 432-436 before resuming an upward trend.USDA’s lower carryout estimate supports corn’s upward bias, with acreage competition expected to sustain prices. Soybeans: Broke lower, targeting 945-950 if…
Did Corn Top? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1038708440/68d0adb120?share=copy Grain Markets: Corn exports near 1M metric tons weekly; soybeans over 1M with new sales announced.Wheat shows signs of potential rally; short covering may boost prices. Livestock Markets: Cattle push toward 193-196 range; feeder cattle eye 270 with strong holiday momentum.Seasonal patterns favor…
Post WASDE, Corn Climbs Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1037948799/901d792863?share=copy Corn: USDA lowered corn carryout by 200M bushels, sparking a rally.Exports adjusted up 150M bushels despite global challenges (e.g., Ukraine, Argentina).Rally likely to continue until April, with historical seasonal strength into spring. Soybeans: No major changes in USDA estimates; market remains stable.March…
Are Grains Ready To Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1036508296/c3c943812a?share=copy Corn: Export sales exceeded expectations at 1.732 MMT.Strong seasonal demand expected through early 2024.Price action suggests a push toward $4.58-$4.59. Soybeans: Strong export sales driven by China, despite bearish South American weather.Potential for prices to challenge $10.20 if resistance breaks.Dry weather…
Grains Looking For A Rally To Hold Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1035751168/a92e8d90f4?share=copy Soybeans Soybean oil oversold, yet exports remain strong due to competitive pricing.Potential upside hinges on Argentine weather or unexpected export boosts.Risks include bearish patterns signaling potential drop to $920–$880. Corn U.S. corn is the cheapest globally, maintaining export dominance…
Trump Traders Try Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1033615801/740bc7043a?share=copy Trump Tariff AnnouncementsProposed 10% China, 25% Mexico and Canada tariffs driving immediate market volatility.Fentanyl crisis cited for Mexico and Canada tariff rationale.Market reacting early to policy shifts effective January 20. Corn MarketPrices dropped on fears of reduced Mexican imports, creating buying opportunities.Seasonal…
Corn and Wheat Are Set For Gains Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1032095419/d5134a4cb0?share=copy WheatCorrected after resistance at moving averages but remains above prior day’s highs.Pullback could extend to 6766 or 565, aligning with Fibonacci retracement.Support expected through weekend amid geopolitical tensions and Friday’s options expiration. CornNew high on December contract reversed lower,…
Will Russia and Ukraine Get Worse Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1031290416/1724536917?share=copy CornPrice Resistance: December corn faces resistance at $4.30, with likely buying interest around $4.25-4.26.Technical Support: March corn encounters 64-day moving average resistance, with support a penny or two below current close.Seasonal Patterns: Exports typically support corn prices through April; U.S….
US Dollar Dominates Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1029792364/dfe87124b9?share=copy US Dollar Impact Surge in Value: Reached 106.99, near last year’s high, impacting commodity prices negatively.Historical Trend: October often marks market inflection points; potential for current dollar peak.Commodity Impact: Strong dollar challenges gold, soybeans, and other commodities, stalling rallies. SoybeansBearish Momentum: Falling below…
Trump Traders At It Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1028983558/87bdbd0106?share=copy Corn November crop production data reduced corn yield estimates from August projections.Corn saw a minor pullback after recent gains, indicating possible stability.Technical indicators suggest upward momentum, especially with wave dynamics at play.Watch for potential ethanol news influencing corn’s trend. Soybeans Soybeans…
