The US dollar bounces off a trend line support. After multiple days of heavy selling in the US dollar, support arrived at the 110.00 value referenced in yesterday’s Heartland video and mounted a near 1% advance. This universally reversed the higher trend in financials, metals, and commodities overnight and, except for crude oil, pushed everything…
Turn-around Tuesday gets help from outside markets. Turn-around Tuesday kicked in heavy overnight, reversing a lot of the negative action from Monday’s trade. The US dollar sank in the morning hours when the Bank of Australia raised its interest rate less than expected. They only increased their interest rate by .25% to a rate of…
Grain futures rally with outside markets. Grain futures are higher to start the day after a quarterly stocks report, as corn and wheat find renewed buying from Friday’s late spill in price, while soybeans open lower in found buying interest throughout the night. The question is, will the standard sell the grain trade the day…
USDA Crop Report 9/30/22 Crop report is bullish corn and wheat but bearish soybeans on price.
USDA crop report out at 11:00 a.m. CT today. Grain futures bounced overnight, as the end of the month and end of the quarter short covering from what has been mostly prominent selling since the September 11 crop report, along with Putin speaking this morning ahead of his officially signing a decree annexing the captured…
Grains extend their short covering rally overnight. Grain futures extended their rallies overnight, despite the US dollar firming ½ a percent, as short covering remained the feature ahead of Friday’s NAS S September Stocks and Final Grain Report due out at 11:00 p.m. CT. Rising interest rates that will continue into the year-end will keep…
Wheat leads the overnight recovery rally. Grain futures had another volatile night session that experienced heavy weakness in the early morning hours, as the US dollar pushed to another new multi-decade hide of 114.75. The UK announced it will need to do some quantitative easing projects due to its seizing bond markets. This weakness found…
Spec Trade: Buy a Dec Live cattle at the MKT, 147.05 last with a 143.85 stop.