WASDE Preview/ Cattle Realities Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1117577485 Corn: WASDE expected yield guesses 180–190, average 185.7 Carryout shrinking near 1.3 billion Chart shows V-bottom, potential rally above $4 October report critical for confirmation Soybeans: Average yield guess 53.1, slightly lower Carryout projected at 298 million Testing retracements, possible deeper correction…
Corn Bears Are Packing It In Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1115941702 Corn: Reversal on the close above downtrend lineChallenging wave three pattern formingPotential upside targets 431–439, with 444 recommended old crop saleExports strong, concerns about Argentine pricing may limit but not halt salesOctober combines will provide decisive yield data Soybeans: Strong…
Corn Bears Are Getting Ready For Hibernation Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1115279542 Corn: Strong export inspections, year-to-date 29% higher than last yearBroke moving average and April trendline resistanceResistance around 430 range; short-term upside may be limitedOld crop and March contract sales recommended for hedgers Soybeans: Export inspections up 11% year-over-yearChina expected…
The Big Reversal Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1114033165 Corn: Strong reversal with an outside day up Fear of early frost supporting prices Targets seen in 425 to 435 range Soybeans: Consolidating above 1140 with bullish pennant formations Breakout above 1050 could push toward 11 to 12 dollars Tight carryout potential if…
Cattle Won’t Back Down Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1113361953 Cattle: Live and feeder cattle resilient despite health scare headlineBoxed beef up over $6 supports higher live cattle bidsOctober cattle could test 242, feeders eyeing 370 to 372Timing window for seasonal top still open into mid September Hogs: December hogs punched new…
Oops, The USDA Did It Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1112083933 Corn: Prices up over 20 cents in a week, breaking resistance Pro Farmer tour shows weaker ear length, kernel depth, crop variability USDA yield assumptions questioned, especially on Southern acres Exports 860,000 MT, above highest estimates December corn holding above…
Does the PF Tour Matter? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1111442124 Corn: Turnaround Tuesday closes firm despite USDA’s big yield report Support remains above last year’s lows, potential head and shoulders bottom forming Soybeans: Correcting lower as bean oil drops on renewable fuel rumors Wave counts suggest pullback before possible advance toward…
Cattle Blew A Gasket Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1110106473 Corn: Stability returned after USDA’s 188.8 bpa yield and 97.2 million acres estimate End-user buying interest supported prices near Tuesday’s lows Global corn stocks-to-use ratio at 9 percent could tighten further if Brazil or Ukraine face export issues Soybeans: Prices peaked near…
WASDE Aftershock Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1109461961 Corn: Record 188.8 yield with 2 million added acres to 97.2 million planted Production at 16.742 billion bushels, above expectations Heavy supply weighs on wheat via feed substitution Soybeans: Record 53.6 yield but acres down 2.9 million to 80.1 million harvested Production 4.292 billion,…
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…
