Cattle Stumble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1168625557 Corn Quietly improving structure as soybeans lead No technical damage yet and watching for follow through strength Weather not currently a bearish driver Soybeans 27 cent range and near unchanged close after China headline break Trend intact and consolidation ongoing Target zone 1196 to…
Precursor To The Lows Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1167874545 Corn February farmer selling tied to taxes, cash rent, and bills has pressured prices. Government payments hitting accounts in March could slow selling pressure. Export inspections were strong and China demand remains a potential catalyst. Market watching for a possible March rally…
Up, Up and Away Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1166475572 Corn Grain trade mostly higher; corn soft with smaller acreage, 94 million acres at 183 bpa. New crop carryout expected lower; Chinese buying potential in March-April may drive rallies. May contract breaking new highs for the year; potential sales near 472, upside…
Back To Work Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1165792218 Soybeans Soybeans pushed higher despite China being on Lunar holiday. March broke prior highs last week but stalled near the 78.6 percent retracement. July beans traded above our 1160 old crop sale zone, reaching toward the 88 percent retracement. No new high close….
More Chinese Hope Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1164486596 Soybeans: China trade talks spark optimism, lifting beans higherSouth American dryness persists, especially in Argentina and southern BrazilContinuation charts suggest potential for March contract to approach 1150 Wheat: Market breaks above 200-day moving averageMeasured move theory targets 570 area for Kansas City and…
There Can Always Be a Surprise Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1163762923?share=copy&fl=sv&fe=ci Corn: USDA cut old crop carryout by 100 million bushels via higher exportsCarryout remains above 2.1 billion, limiting enthusiasmChina crop quality issues may boost imports later this springPotential rally window in March and AprilTechnical setup suggests possible move toward 450…
Nobody Believes It Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1162272153 Soybeans China likely to buy 8 million metric tonsPotential rapid purchasing similar to prior dealsCarryout could fall below 150 million bushelsTargets at 12 to possibly 13Wave three technical structure intact Soybean Meal Rising as crush tightensNext leadership phase after oil peakTargets above 330Supports…
Soybean Bears On Notice Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1161566685 Soybeans:Double barrel rally on strong crush numbers and tight soybean oil stocksPushed back over 1070 overnight200 day moving average holding as supportSpike low Monday recovering TuesdayArgentine weather concerns providing support Soybean Oil:Back to best levels of the year45Z biodiesel credit program entering…
Do Or Die For The Dollar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1159820100 U.S. Dollar:Below long term trendlineThreatening key 95.85 supportWeakness encouraging fund short covering in grains Corn:Holding above 4.30 multiple sessionsResistance near 4.32 to 4.33Wave three structure developingPotential support from export demand including China Kansas City Wheat:Best close of week and yearStrongest…
How A Breaking Dollar Affects Grains Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1158953541 US Dollar:Weekly and monthly charts show major weaknessPossible breakdown below long term support near 96Weaker dollar supportive for export driven commoditiesFederal Reserve meeting adds uncertainty Wheat:Kansas City wheat holding above 200 day moving averageThree consecutive closes near key resistanceSigns of…
