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…
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…
