Market Quick Take

What Will WASDE Have To Say? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1108215645 Corn: Reversed off lows, broke below $4 but rallied near highs on 3.16 MMT exports vs 2.0 expectedWASDE yield guesses average 184.1 bpa; key resistance at 410–416Crop faces sun shortages despite rain, limiting upside Soybeans: Old crop sales beat estimates…

Market Quick Take

When Is ‘Big’ Big Enough? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1107521111 Corn: StoneX pegs yield at 188.1 bpa, higher than expectedOther models showing 184–186, AI models even higherHeat seen in Kansas/Nebraska but mostly irrigatedEuro model adds light Midwest heat Aug 15–18Rain stays in forecast, no major “dome of doom”Corn sliding toward $4;…

Market Quick Take

Feeders Flame Out Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1106245253 Feeder Cattle: Outside day down posted, signaling potential near-term trend change Hit and rejected 340.10 high, above prior 337 target Extension math shows measured move target was 340.70 Support zones seen at 329 (17-day MA) and 325.5 (38% retracement) Possible wave A down…

Market Quick Take

This Feeder Cattle Run Is On Fire. Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1105591857 Feeder Cattle: Vertical bull run continues, achieving target of 337Current leg matches golden ratio extension from prior waveAcceleration phase lacks a true “thrust” breakoutOnly four days in July saw a lower low vs. prior sessionWeekly chart shows extreme parabolic…

Market Quick Take

Grains are Going Nowhere Fast Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1104255085?share=copy Corn: USDA initially announced China bought 120,000 MT corn; later corrected to South KoreaCombined with 280,000 MT to unknown (likely Mexico), over 400,000 MT sold in a dayDespite correction, corn held firm all morning and closed only slightly lowerSeptember contract holding…

Market Quick Take

Is This the Final Nail in Wheat’s Bear Market? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1103570859?share=copy Wheat: Russian farmers withholding supply, pressuring short positions and helping firm global prices. US winter wheat harvest ~75% complete, easing forced sales and turning focus to stored bushels. Outside day up in December wheat signals technical strength…

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….

Market Quick Take

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…

Market Quick Take

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…

Market Quick Take

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…