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…
Chinese Corn Prices Haven’t Broken Yet Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1157344378 Weather and Outlook:Dryness more concerning than cold for wheatNatural gas rally highlights unreliable weather modelsLa Niña fading, neutral possible, El Niño uncertain timingSummer heat and dryness could support corn Corn:Strong support near 420 levelRising lows despite large suppliesChina price premium…
The Bears Just Don’t See It Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1156628357 Corn:Exports exceeded expectationsBasis behavior will reveal true supplyChina demand remains the key upside riskMarket holding above major technical lows Soybeans:Double bottom forming near year lows200 day moving average remains pivotalSoybean oil correction could pressure beansMeal strength needed to sustain rallies…
Soybean Oil Flies Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1154808884 Soybeans Bean oil surged on EPA RVO rumors pointing to higher biodiesel mandatesRIN concessions via used cooking oil imports capped enthusiasm but still supportiveBrazil cut soybean acreage, trimming production by one million metric tonsArgentina faces developing heat and drying risks into late January…
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