U.S. Midwest Heat + U.S. Corn Pollination Issues = Fund Short Covering Rally

[AgrivilleAdmin]

Ag Commodity Corner+ podcast

A high-pressure ridge “Heat Dome” is forecast for mid next week over the heart of the U.S. corn Belt, U.S. corn pollination issues from early April planted corn and high nighttime temps from the last 30 days.
More rain is forecast for the Canadian Prairies over the next 2-weeks from 1-3 inches.

Trump announced 30% tariffs 2 of the U.S. largest U.S. trading partners the EU and Mexico effective August 1.

Soyoil futures break out above resistance at $55 while corn futures put in a reversal higher.

Trump was looking to fire Powell; U.S. passed the first crypto legislation this week and the removal of high corn fructose syrup in Coke.

[makar]

1 to 3 inches? Who writes this crap?

[seldomseen]

Moe knows nothing more than the rest of us.,
Back at the end of June when wheat reached it high for the year I listened to one of his podcasts. He went on about all the problems the wheat crop was having.
Dryness in Western Canada.
Dryness in Russia.
Constant rain on the American wheat crop and flooded crops.
He thought the wheat market was ready to head higher.
Reality wheat has dropped hard ever since!

[shtferbrains]

Sure hope he's right on the rain.
Been watching a lot of empties rolling by here since late June.

Forecast has it backed off from a 2 day soak to now very little to none.

[MoeAgostino]

Will the US Dome of Doom keep the grain markets attention and continued to rally? Or does rain make grain? What about the U.S. corn pollination is it more widespread and will it impact yield?

[MoeAgostino]

1 to 3 inches? Who writes this crap?

I am just the messenger the weather guys keep getting it wrong. I here you every time I talk to a farmer what was being advertised has rarely verified or materialized.

[furrowtickler]

There were areas that got 1-2 inches or more , but small pockets
the north got very little to zero , still incredibly dry everywhere north of hiway 16 in general

[MoeAgostino]

Moe knows nothing more than the rest of us.,
Back at the end of June when wheat reached it high for the year I listened to one of his podcasts. He went on about all the problems the wheat crop was having.
Dryness in Western Canada.
Dryness in Russia.
Constant rain on the American wheat crop and flooded crops.
He thought the wheat market was ready to head higher.
Reality wheat has dropped hard ever since!

Remember guys you get what you pay for this is a weekly summary of the grain markets and yes wheat was looking like it might be bottoming and creating a head and shoulders bottom formation on the daily chart but it was a false signal as the 200-DMA continues to act as a resistance after a 3-year bear market. What we have said to our paying members was something different. We sold 75% of 2025 bushels 11 months ago at higher prices concerned about the US trade war and large U.S. stocks and poor demand in the US. Selling at $6.50 - $7.00 MW has been the story. 2025/26 prices could go higher if Canadian Prairie production is much lower than expected.

[Rareearth]

It might be a record usa corn crop,

but

- world ending stocks at the lowest since 2013
- china ending stocks lowest since 2014

its not all doom and gloom

[seldomseen]

Remember guys you get what you pay for this is a weekly summary of the grain markets and yes wheat was looking like it might be bottoming and creating a head and shoulders bottom formation on the daily chart but it was a false signal as the 200-DMA continues to act as a resistance after a 3-year bear market. What we have said to our paying members was something different. We sold 75% of 2025 bushels 11 months ago at higher prices concerned about the US trade war and large U.S. stocks and poor demand in the US. Selling at $6.50 - $7.00 MW has been the story. 2025/26 prices could go higher if Canadian Prairie production is much lower than expected.

Well Moe
I am the last guy that knows what’s going on in the wheat market. I just seems to me that it doesn’t follow any of the fundamentals anymore. It seems to go higher or low on the whims of the big money managers!
Why pays someone that likely can’t read the minds of the big money managers any better than I can?