Market Quick Take

WASDE Preview & Grain Outlook Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1026650319/5ef78d717b?share=copy Soybeans: Struggled to stay above $10 but managed to close above this key level.Pressured by global supply factors and recent U.S. elections.Potential upward trend if prices stay above 1008-1009 level. Crop Production and WASDE Report Prep (Nov. 10): Corn yield expected…

Market Quick Take

Crude Oil Fining a Bounce Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1025232834/c6db75807d?share=copy Corn & Soybean Harvest: Late-stage harvest, pushing through before upcoming rains.Drought affects 81% of corn crops; conditions compared to 2012 levels.Lower yields observed as harvest progresses; soybeans at 12% moisture upon return. Export Sales: Corn sales up 41% from last year,…

Market Quick Take

Cattle are waving red flags! Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1024485960/12c84f6793?share=copy Cattle FuturesBearish Indicators: Today’s close marked an outside day down, indicating potential trouble ahead.Historical Patterns: Previous major sell-offs began similarly, signaling caution.Market Movements: Live cattle closed near lows, with Tyson’s bids hinting at volatility. SoybeansHarvest Impact: Soybean prices are declining as…

Market Quick Take

Grains Due For A Stall Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1023268246/e3c38cf686?share=copy Corn: Prices neared resistance at 422-423 with steady upward momentum.Exceeded average export expectations; demand from Japan and other buyers provided support.Further price gains could face resistance at the 144-day and 200-day moving averages. Soybeans: November soybeans hit the 100-day moving average…

Market Quick Take

Is The Trump Trade a Fools Trade? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1022262463/9a5fc81a07?share=copy Corn: Exports: 360,000 metric tons of corn sold to Mexico, driving a rally.Bull spreads performed well in the market.Corn is 65% harvested, with dry weather supporting progress. Soybeans: Soybean exports could rise if China ramps up purchases later this…

Market Quick Take

Lunatic Reversals Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1020721475/4fb2f68439?share=copy Grain Markets: Grain prices dropped on deflated demand outlook due to lack of action from Chinese financial authorities.Strong buying emerged as corn dipped below $4, driving a price reversal.Soybeans showed bull spreading, suggesting underlying strength rather than an overly bearish market. Livestock Markets: Cattle…

Market Quick Take

Ags and Oil Down the Slippery Slope Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1019939788/d84da7facd?share=copy Oil Market Drop Price fell below $70 after Israel confirmed it won’t target key areas in Iran.IEA reports falling demand in early 2025 amid China’s slowdown.Crude declined from last week’s highs, showing possible continued downtrend. Corn Market Trends Corn…

Market Quick Take

Here Comes WASDE Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1018437165/d7a91b7972?share=copy Corn Yield Estimates: Projected at 153.2 bushels/acre.Varied with reports of high yields in core regions (Iowa, Illinois) contrasting with shortages in fringe states.Dryness affecting pod and cob development, potentially reducing yields. Soybean Yield Dynamics: Expected around 53 bushels/acre, subject to variability.Dry conditions impacting…

Market Quick Take

Crop Report Preview… Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1017686830/8b430970ae?share=copy Grain Market Trends:Initial rally followed by a stumble, influenced by China’s economic policy stance.Soybeans, corn, and wheat opened strong but fell sharply after morning hours.Rain in South America affects market sentiment, despite increased sales last week. USDA Crop Report Expectations: Focus on new…

MQT 100324

Grain market pause… Presented by Heartland Investor Capital Management Inc. CTA Provided by: Eugene Graner,Heartland Investor Capitol Management, Inc., CTA(A separate entity from Heartland Investor Services) Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may…