Author: Ivan

  • Morning Update

    The overnight grain trade recovers a chunk of Monday’s eroded strength. Grain Overview Corn, soybeans, and wheat traded higher overnight as slower harvest and planting progress provided support. Corn and soybean harvest advanced last week but remains behind the five-year average, while winter wheat planting is running roughly 10% behind normal. Year-over-year comparisons aren’t available…

  • Morning Update

    Grains start the new week with a positive tone. Grain Overview It was a firm grain trade overnight that rallied into the classic for 4:00 a.m. Chicago time peak when the Matif opens, but the vigilante sellers did not got much traction yet. That will likely wait for the wrecking crew that typically shows up…

  • Morning Update

    Grains start the new week with a positive tone. Grain Overview It was a firm grain trade overnight that rallied into the classic for 4:00 a.m. Chicago time peak when the Matif opens, but the vigilante sellers did not got much traction yet. That will likely wait for the wrecking crew that typically shows up…

  • Morning Update

    Wheat is supported as Saudi Arabia tenders for wheat that it passed on September 7. Grain Overview Wheat futures have morning strength, as French milling wheat again pushes higher by over €3.50 a metric ton as Saudi Arabia is tendering for wheat that is not going to be coming out of the Black Sea. It’s…

  • Market Quick Take

    First Of The Month Turns Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1232159279/4b6890a04a 🌽 Corn We tested the 100-day moving average and closed higher. Open interest has dropped sharply without triggering a major liquidation. We think the October 9 crop report could quickly change the USDA story. We still see a path toward substantially…

  • Morning Update

    New month/quarter, brings a new focus. October 9 crop production report is now in sight. Grain Overview Whether we like USDA’s numbers or believe them, there is no getting around yesterday’s corn stocks number. It was a shock, and it was bearish. But I think it’s important to understand what kind of bearish it was….

  • Market Quick Take

    USDA Really Rocked The Boat Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1231827322/fecb9beb3f 🌽 Corn USDA stocks came in well above expectations after feed residual was cut 200 million bushels. That pressured corn sharply lower, but we still view this as a correction within the larger uptrend. Harvest reports continue pointing toward yields below…

  • USDA Report

    USDA Crop Acreage Report 9/30/26 At a glance, the stock data was bearish for corn estimates, friendly for soybeans, and neutral for wheat. Small grains data showed an overall increase in the All-wheat category, with winter wheat above 1 Bil Bu, while spring wheat was lower. 

  • Morning Update

    Grains rally overnight ahead of today’s September 1 stocks and Small Grains report out at 11:00 a.m. Grain Overview A firm rally overnight in the grain trade as it continues recovery from Monday’s large losses. This is in reverse of last week, when grains had a sharp rally on Monday and then declined the rest…

  • Market Quick Take

    USDA Stocks Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1231434983/b74366b620 🌽 Corn September 30 stocks are expected near 1.924 billion bushels. Below 1.9 billion would be notably bullish. We believe wave four may be behind us. The 514 retracement area held as support. A close above 530 would favor the next leg higher….