Market Quick Take

Wheat Pop & Cattle Drop Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1208547131 CornCorn consolidated after failing at the 200-day moving average.Weather remains supportive but not overly threatening.Spain tariff concerns are viewed as temporary market noise.Seasonally, corn often rebounds into mid-July.Resistance remains near 475-485 if 465 is reclaimed. SoybeansSoybeans continue correcting after a strong…

Fireworks Continue In The Grains Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1207895616 Corn Turnaround Tuesday failed as buyers stepped back in. Heat expands into the western Corn Belt July 18-22. Pollination stress could trim yields toward 181 bpa. Exports remain strong while acreage questions linger. Sub-$1.7B carryout keeps upside potential alive. $5 December…

The Fireworks Aren’t Only For Independence Day This Year Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1206575122/31ea4d55c5 Corn USDA’s June 30 report confirmed corn stocks are tightening. July WASDE would already imply carryout near 1.86 billion bushels. Additional acreage reductions could push carryout below 1.8 billion. European corn prices continue making new highs. Strong…

USDA Stocks & Acreage Report Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1205912552/c5677432c6 Corn: USDA stocks came in nearly 100 million bushels below estimates. Feed demand continues to exceed expectations. Corn acreage remained unchanged at 95.3 million acres. Trade still expects prevented planting to reduce acres later this summer. Support sits near 408 September…

Fireworks Come Early Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1204642024/f7d454e404 Corn: Outside trading day signals a potential trend reversal. Heat builds across the Midwest into early July. Pollination weather is becoming the market focus. Support held near 439 despite new lows. Resistance sits near 450, then 460-470. Weather risk could target the 480s…

A Tale of Two Cities Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1203947068/7754472476 Corn: Corn broke below a major multi-year support zone. Trade is increasingly expecting June 30 acreage to remain near 95.5 million acres. A technical breakdown projects downside toward 423-424 if support fails. Soybeans: Soybeans continue to hold key support near the…

A Week of No Grain Free Falls Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202611330 Corn: Support holds near 460-470. Trade focused on June 30 acreage report. Lower acres would tighten carryout. China demand remains a wildcard. Dec corn target still 470-480. Soybeans: Holding key support near 1130-1135. USDA confirmed 372,000 MT export sale….

Has The Falling Knife Hit The Chopping Block? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1199880647 Grains: Grain futures traded a volatile session Tuesday as traders positioned ahead of Thursday’s USDA WASDE report. Corn and wheat managed early strength before fading into the close, while soybeans posted an inside day and avoided making new…

Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….

Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….