The Black Sea is Still Volatile Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1218124416/10bb82aa73 🌽 CornCorn gave back part of Wednesday’s strong USDA-driven rally.Brazil’s CONAB raised production by 1.2 MMT, pressuring prices.The added Brazilian supply was largely directed toward rebuilding ending stocks.Corn continues holding near its 50% retracement with 467’4 viewed as possible support.The…
USDA Preview & Cattle Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1217427940/3493c5f7df 🌽 CornUSDA may need to lower old-crop carryout as exports remain stronger than current projections.Any old-crop reduction carries directly into the new-crop balance sheet.Corn remains below the 100-day moving average but is holding the 50% retracement area.Demand is expected to stay strong,…
Did The Heat Do Damage? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1216223687/ffd911a060 🌽 CornCorn was pushed to a new low before recovering and closing near the session highs.Accumulated heat stress remains a concern across western production areas.Dryland corn in parts of Kansas may be cut for silage rather than grain.Yield expectations near 180–183…
Grains Dig In, Cattle Soar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1215588396/8d7d36fad7 🌽 Corn Corn surrendered part of Monday’s rally as crude oil collapsed and rain reached portions of eastern Nebraska and northwest Iowa. Crop ratings fell 2%, more than expected, while early yield estimates are near 182 bushels per acre. Lower production…
Can The Rains Stop The Gains? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1214389957/4202993f14 🌧️ WeatherForecasts continue to show rain spreading across dry areas of the western Corn Belt through Sunday.The rain may stabilize the crop, but it is unlikely to reverse the damage already done. 🌽 CornDecember corn is approaching support near $4.63–$4.68,…
Crop Ratings Slip, Weather Takes Over Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1213690970/4521c090db 🌽 Corn Crop ratings dropped 4% from good to excellent. Corn climbed back above $4.80 before fading from the session high. Rain later this week is critical for the western Corn Belt. The 200-day moving average near $4.67–$4.68 remains key…
What Rallied Grains & Friday’s Cattle Reports Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1212457022/36c45844da?share=copy&fl=sv&fe=ci 🌽 Corn Western Corn Belt heat and dryness could pull the national yield below USDA projections.A 180-bushel yield could remove roughly 200 million bushels from production.Strong exports and European crop problems continue supporting demand.Black Sea disruptions could create additional…
Connecting the Dots Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1211802216/6c2135fa3b?share=copy&fl=sv&fe=ci 🌾 Wheat Black Sea export disruptions remain the primary concern. Russia and Ukraine account for roughly 61 MMT of exportable wheat. Even a short disruption could force importers toward alternative suppliers. Chicago wheat posted its second-highest continuation close of the year. Kansas City…
Cattle Thoughts: Will They Be Bought? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1210626181/74bc967ad1 🐂 Cattle Live and feeder cattle tested major long-term moving average support. Charts suggest a short-term bounce is possible from current levels. Failure to hold support next week would open the door to much deeper losses. Any recovery is currently…
Understanding The Black Sea Risk Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1209984995/55a41ed5f8 Wheat Black Sea tensions continue to escalate. Ukraine is targeting Russian export infrastructure. Kerch Strait shipping remains at risk. French wheat closed near record highs. Technical charts point toward additional upside. Corn & Soybeans Discussion centered primarily on wheat today. Global…
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