Author: Ivan

Buy a July Minn wheat at the mkt, 628.4 last with a 615 stop.

Low-volume night trade has lower action. Grain futures were lower overnight, in one of the lowest volume trading nights since last fall. Volume plummeted to just 15,000 contracts in corn and 12,000 contracts in soybeans, and these volume numbers were after the export sales data was released, which showed a strong number for corn, but…

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Cattle On Feed On Feed:  102% vs 101.5% estimate Placed:     98% vs 97.5% estimate Marketed: 98% vs 97.6% estimate Report deemed neutral as it’s very close to previous estimates.

Row crop futures find overnight support. Row crop futures found stability overnight while wheat futures stayed mixed, as stability from yesterday’s large decline came from strong cash markets and end-user pricing. The bulk of yesterday’s selling was tied to fears that the US-China rhetoric at their trade meeting in Anchorage, Alaska, was becoming adversarial. There…

Markets struggling with liquidation and lack of friendly input. A lower night session across the board with only corn trying to find stability, as export sales were strong over the past week for corn in the above expectations of 38.8 Mil Bu fro crop. Weakness in soybeans and wheat is occurring now with the lack…