Momma Always Said There Would Be Days Like Today
Presented by Heartland Investor Capital Management Inc. CTA
Grain Market Overview
Grains sold off sharply across the board.
Corn soybeans and wheat all moved lower fast.
Selling accelerated after the Trump Xi meeting.
Markets were positioned too long into the event.
No ag discussion triggered fast liquidation.
Algorithmic flows pushed the move lower.
Soybeans
Beans broke higher first into recent resistance.
Then reversed quickly on heavy selling pressure.
Long positions were forced to exit fast.
Price dropped back into prior breakout area.
Bounce potential exists if liquidation slows.
Focus is now on retracement levels.
Corn
Corn tested highs in both old and new crop.
Then reversed sharply with broad market pressure.
Moves were driven more by positioning than fundamentals.
Weather and exports remain longer term drivers.
Short term direction depends on headline flow.
Volatility remains elevated after the flush lower.
Wheat
Wheat followed the same liquidation pattern.
Prior strength was erased quickly.
Spread unwinds added to downside momentum.
Market structure remains volatile and sensitive.
Longer term tightness story still exists.
Near term is driven by liquidation pressure.
Macro Drivers and Outlook
China trade expectations were the main catalyst.
Disappointment triggered systematic selling.
Funds drove momentum lower once support broke.
Now markets enter correction phase.
Next direction depends on headlines and weather.
Provided by:
Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)
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