Eugene Graner is the founder and President of Heartland Investor Capital Management Inc. He is a veteran commodity analyst, and broker with 31 years experience in the industry.
In this quick video, Eugene Graner review the dynamics of the grain marketplace via weather charts and observations of the measured move theories used at Heartland Investor Services.
Soybeans futures closed at the highs of the week, unlike corn and wheat, as it’s certainly pricing in a much smaller 2020 crop size than what was being advertised weeks ago. However, crop condition ratings remain well above both last year and the long-term average.
Corn futures made a slow and steady walk higher this past week, with the Sunday night open being the low. For Soybean futures the low of the week was also the Sunday night open with a push into Fridays high tick close.
The August USDA crop report was slightly bearish as U.S. corn/soybean yields surpassed trade expectations.T he NASS yield estimates didn't come as a big surprise relative to what traders had been discussing.
