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…
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…
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…
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….
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…
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…
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…
The Elephant In the Markets Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1097980237?share=copy Corn: Big crop potential remains the focus with yields estimated at 184 to 189Support held at four dollars with a small bounce into the closeWeakening dollar driving new demand interest especially out of AsiaEuropean corn crops in Ukraine France and Germany…
June 30th Crop Report Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096707782?share=copy Corn: Market remains lower since Sunday night, erasing last week’s bounce July contract first notice date is Monday; must exit by Friday Corn stocks expected lower year-over-year, matching expectations Monday’s acreage estimate averages 95.35 million acres; if it hits 96, it’s…
What Can Change The Tide? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096041249?share=copy Corn Crop ratings 2% below trade expectations Crude oil collapse pulling ethanol and corn lower No current weather threats ahead of July 4 Soybeans Soybean oil sharply lower, back to last week’s lows Biofuel weakness weighing heavily on soybeans Crop ratings…
