Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>Wheat, Corn and Soy gained on Monday even as US indices and commodities tumbled over recession woes. </li>
<li>Weaker dollar supports stronger US exports of agri-commodities. Grains and oilseeds rise as dollar weakens.</li>
<li>Technical indicators and fundamental outlook remains bearish for agri-commoties. IV remains subdued at multi-month lows. </li>
</ul>


Wheat, Corn and Soy gained on Monday even as US indices and commodities tumbled over recession woes. 
Weaker dollar supports stronger US exports of agri-commodities. Grains and oilseeds rise as dollar weakens.
Technical indicators and fundamental outlook remains bearish for agri-commoties. IV remains subdued at multi-month lows. 


Wheat, Corn and Soy Remain Insulated From Global Shakedown

Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

<ul>
<li>North Dakota accounts for 51% of total US spring wheat production. The region's projected 2024 crop yield 15% higher YoY at an average of 54.5 bushels per acre.</li>
<li>Large old-crop corn inventories record yield of 183-185 bpa collectively dragging corn prices down.</li>
<li>Wheat vols rebounded last week after falling the prior week. Prices face uncertainty as strong exports, lower production in EU &amp; China provides support against massive US harvest.</li>
</ul>


North Dakota accounts for 51% of total US spring wheat production. The region's projected 2024 crop yield 15% higher YoY at an average of 54.5 bushels per acre.
Large old-crop corn inventories record yield of 183-185 bpa collectively dragging corn prices down.
Wheat vols rebounded last week after falling the prior week. Prices face uncertainty as strong exports, lower production in EU &amp; China provides support against massive US harvest.


[CB 30/2024] Corn & Soy Tumble on Improving Weather; Chinese Demand Likely to Support Soy

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Cross Asset Strategy

<ul><li>Hello everyone, and welcome back to our weekly positioning watch.</li><li>The debates about whether the US is heading for a recession are still touring the charts, as the labor market and other economic data soften back towards pre-pandemic levels.</li><li>However, while some might be uncomfortable watching the US economy slow more than anticipated, the lack of ringing alarm bells and Powell’s recent victory lap on inflation have greenlighted markets to price in a soft landing as a 95-99% probability event by now when looking across positioning data.</li></ul>

Hello everyone, and welcome back to our weekly positioning watch.The debates about whether the US is heading for a recession are still touring the charts, as the labor market and other economic data soften back towards pre-pandemic levels.However, while some might be uncomfortable watching the US economy slow more than anticipated, the lack of ringing alarm bells and Powell’s recent victory lap on inflation have greenlighted markets to price in a soft landing as a 95-99% probability event by now when looking across positioning data.

Positioning Watch – The Soft Landing Is Moving Towards a Recovery Trade

<ul>
<li>Strong American harvest driving downward pressure on Wheat, likely to offset reductions in EU and Russia.</li>
<li>Corn saw modest recovery, driven by muted ending stocks, below trade estimate, but the harvest is going to be the third largest ever.</li>
<li>US soybean production remains muted, in line with the Acreage report, and led to moderate recovery in early trading on Friday, but bearish sentiment persists.</li>
</ul>


Strong American harvest driving downward pressure on Wheat, likely to offset reductions in EU and Russia.
Corn saw modest recovery, driven by muted ending stocks, below trade estimate, but the harvest is going to be the third largest ever.
US soybean production remains muted, in line with the Acreage report, and led to moderate recovery in early trading on Friday, but bearish sentiment persists.


Latest WASDE Paints Agri Bearishness; Wheat Harvest Dominates While Corn & Beans Find Thin Support

Energy Transition | AI | Shifting World Order, Mint Finance

Amrutha Raj

Energy Transition | AI | Shifting World Order

Thematic (Sector/Industry)

<ul>
<li>June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.</li>
<li>Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.</li>
<li>Positive revisions are expected for major Wheat exporting countries US &amp; Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns</li>
</ul>


June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.
Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.
Positive revisions are expected for major Wheat exporting countries US &amp; Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns


[WASDE Preview] Bounty Harvest of US Wheat & Corn; But Brace for Weak EU Forecast

United States

Corn No. 2 Yellow at par and substitutions at differentials established by the exchange.

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Corn Active Contract (C A COMDTY)

Wheat, Corn and Soy Remain Insulated From Global Shakedown

Wheat, corn, and soy futures exhibit surprising strength despite broader market declines, driven by the weakening US dollar, although year-to-date...

Mint Finance

[CB 30/2024] Corn & Soy Tumble on Improving Weather; Chinese Demand Likely to Support Soy

82% of the US winter wheat harvested, 2% more than average. Wheat vols on the rise on conflicting fundamentals. Beans remains volatile amid Chinese...

Mint Finance

Positioning Watch – The Soft Landing Is Moving Towards a Recovery Trade

Overall positioning and sentiment indicators are starting to diverge, though. Most indicators show continued support for risk assets in H2.

Steno Research

Latest WASDE Paints Agri Bearishness; Wheat Harvest Dominates While Corn & Beans Find Thin Support

Bumper US wheat harvest to offset challenges in the EU and Russia. Corn prices are weighed down by greater planted & harvested area leading to a...

Mint Finance

[WASDE Preview] Bounty Harvest of US Wheat & Corn; But Brace for Weak EU Forecast

Rains makes grains. But this June, Grains have been falling like rains. Grain prices have come crashing with bounty harvest. What will WASDE report...

Mint Finance

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