The Black Sea troubles come back into focus. Grain Overview Grain prices are firm this morning, with wheat futures leading the gains. Overnight strength had Kansas City wheat up as much as $0.20, and then, like clockwork, as the Euronext wheat contract opened on MATIF at 4:00 a.m. CDT, profit-taking developed and prices relaxed into…
Grains are firm overnight, with corn and soybeans holding early-week lows after daily challenges. Grain Overview Grain prices firmed overnight as corn and soybeans continued to hold their early week lows on a closing basis, bringing some buying interest back into the market. Wheat also found renewed buying after challenging the early July breakout highs….
Did The Heat Do Damage? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1216223687/ffd911a060 🌽 CornCorn was pushed to a new low before recovering and closing near the session highs.Accumulated heat stress remains a concern across western production areas.Dryland corn in parts of Kansas may be cut for silage rather than grain.Yield expectations near 180–183…
Spec Trade: Buy an Oct 26 Chicago Wheat 620 Call at MKT, 42 currently. This option exercises into Dec 26 wheat futures. The cost of this option is about $2,100 which is slightly higher than margin on a futures contract, and we don’t have to carry a stop. This option is deep in the money,…
Grains are mixed to start Thursday, with exports seen as friendly. Grain Overview Grain prices are mostly mixed this morning. Wheat futures posted only a modest bounce in the overnight session after reports that a civilian grain vessel carrying wheat was struck in the Black Sea, resulting in casualties. That only reinforces the growing risk…
Lack of wheat movement in the Black Sea supports this morning’s mixed pricing. Grain Overview Grain futures are mixed this morning, with wheat finding stability near this week’s lows as continued tensions in the Black Sea keep new wheat supplies from moving, while row crops react to StoneX’s latest yield estimates. As has often been…
Grains Dig In, Cattle Soar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1215588396/8d7d36fad7 🌽 Corn Corn surrendered part of Monday’s rally as crude oil collapsed and rain reached portions of eastern Nebraska and northwest Iowa. Crop ratings fell 2%, more than expected, while early yield estimates are near 182 bushels per acre. Lower production…
Crude oil prices tumbled from overnight highs; another Iranian deal may be in place by Tuesday. Grain Overview Grain futures are lower this morning after another typical evening, when prices are firm throughout the night until the Euronext exchange opens at 4:00 a.m., and that’s when selling begins both there and in the US, eroding…
Grain values held up better than last week to energy price drops and rain. Mixed to small losses were created overnight. Grain Overview It’s not only a new week, but a new month, and it has been greeted with a drop of over $5.00 in crude oil as Pres. Trump withheld any heavy military action…
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