When Crude Moves, Everything Moves Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1171919876 Crude Oil Crude oil exploded overnight toward $120 per barrel before retreating sharply after discussion of strategic reserve releases from G7 nations. The market briefly approached key technical retracement levels tied to previous historic highs near $148 in 2008. Late session…
Oil challenges 120 overnight before tumbling back to near 100. All eyes were on oil prices on Sunday evening as prices exploded through $100 level and climbed into the evening, tagging just shy of 120 before midnight. It was around that time when the G-7 leaders convened a phone meeting where they would work on…
Major development for global energy flows. The U.S. is stepping in to keep oil moving through the Strait of Hormuz.
Hedge Recommendation fills overnight Made a 10% old crop soybean sale on the May contract at 1192.Made a 25% old crop sale of Corn at 468 on the July contract.Made a new crop soybean 15% sale at 1144 November contract.Sold 35% of all crop winter wheat in Kansas City at 607.We are pennies away on…
Energy and fertilizer values force grains higher overnight. Grain futures pushed higher again in the night session, following a resurgence in crude oil prices overnight, as the White House’s plan to help stem oil prices was pulled off the table. This has crude oil pushing to the $87 range, which hasn’t been seen since 2022….
For Now, It’s All About The Crude Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1170813964 Corn: Corn futures nearly recovered the entire selloff triggered by the January 12 crop report, with May corn rallying back toward the 4.56 area before stalling just under resistance. Technically, the market continues to hold key moving average support,…
Hedge recommendation: Recommend buying the August short-dated new crop 11.00 put at $0.28 The recommendation is on 50% production. Per the newsletter, this option expires on July 24 and covers 2 acreage crop reports, spring planting, and early summer weather. If the option expires worthless, this implies the current values could be much higher, allowing…
The grain trade recovers from early-week selling. Corn, soybeans, and wheat moved higher during overnight trade as new buying interest entered the market. Outside markets have begun to stabilize following the initial shock of the U.S.-Iran conflict, though most sectors remain firm. Strength in the energy complex is especially supportive for agriculture through its connection…
Grain markets are softening as calm returns to the energy markets. Grain futures are softening across the board this morning as the crude oil market, though elevated, is showing a sense of calm. A conversation late yesterday from the administration is that they are considering insuring and escorting vehicles through the Straits of Hormuz, which…
Midnight Rally, Morning Reality Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1170068676 Corn: Overnight strength followed crude oil higher before early session selling pressure hit the market. Farmer selling remains active on rallies with ample bushels still unsold. First new crop December sale executed at 473 representing a 15 percent position. That price sits…
