Author: Ivan

  • Morning Update

    Corn and wheat are looking to close higher than last Friday. Grain futures are fractionally softer on corn and beans this morning, while wheat retreats a few pennies. As of this writing, corn and wheat are still slightly higher on the week than last Friday, while soybeans are off $0.14. Note that soybeans produced a…

  • Market Quick Take

    Tuesday’s Stocks Report & Cattle Stories Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1122002390 CornExport sales strong for this time of year with one third of annual target already bookedUSDA likely underestimating demand by about 100 million bushelsHarvest pressure possible but key technical support remains Soybeans Prices holding inside key retracement box after sharp…

  • Morning Update

    Argentina re-institutes export taxes. Moderate gains were seen for much of the overnight session as short covering developed. Corn, soybeans, and wheat were becoming undervalued in the global market, and support is starting to be provided. Support also came as news surfaced that Argentina will be reinstating its export taxes on the sales of grains,…

  • Morning Update

    Grains maintained Tuesday’s gains while soybeans joined the lift. After a strong performance by wheat and corn on Tuesday, the strength maintained overnight carries through the morning session. Meanwhile, soybeans rechallenged early week lows and found demand in soybean oil and the bean product, creating a sharp recovery rally in the early morning hours. Comments…

  • Market Quick Take

    Corn Continues To Perform Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1121306012 Corn: Strong turnaround Tuesday rally despite Argentine tax cutsSupport held at 517 to 520 with close above 50 day moving averageNext targets 431 resistance then 442 to 444 if 200 day clearedExports solid with Mexico buying heavily Soybeans: Struggling under Argentine tax…

  • Morning Update

    Corn and wheat hint at a Turnaround-Tuesday. This morning, we are starting out with a mixed trade. Corn and wheat are finding traction for a turnaround on Tuesday, while soybeans bumped Monday’s lows, looking for stability above 10.00. Corn continues to be the best-performing grain contract, as we are now seeing flash sales picking up…

  • Morning Update

    Argentina to remove its grain and soy export taxes through October 31 to boost its supply of dollars. Grain futures opened soft in the evening but were uneventful until early morning. At around 6:00: a.m. soybeans turned sharply lower as Argentina announced it would remove its grain and soybean export taxes to boost dollar supplies…

  • Morning Update

    Pres. Trump and Pres. Xi have a phone call at 9:00 a.m. CT this morning Corn and soybeans are showing strength heading into the weekend, while wheat trades in a narrow, mixed range. The overall tone in the market is being shaped by collective trade positioning after a week of volatile price action. An increasing…