Author: Ivan

  • Market Rally

    The rally in grains, cattle, and metals hinges on rumors that Trump is set to announce a deal with China for purchasing agricultural products. A visit to Iowa is expected in the next day or two for the announcement. This news from Bloomberg suggests potential Chinese purchases of beans and other commodities. Cattle prices reflect…

  • Morning Update

    Two days left of active trade before the holiday weekend. This morning’s grain trade is mixed with soybean oil leading the gains for soybeans on the likely passage of the Trump tax bill, which includes 45Z carbon credits. If fully implemented after house approval, the price value for soybean oil rises to levels that limit…

  • Market Quick Take

    The Elephant In the Markets Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1097980237?share=copy Corn: Big crop potential remains the focus with yields estimated at 184 to 189Support held at four dollars with a small bounce into the closeWeakening dollar driving new demand interest especially out of AsiaEuropean corn crops in Ukraine France and Germany…

  • Morning Update

    Grains mixed, cattle anticipated sharply lower. Corn prices are posting new contract lows while soybeans are also softer on yesterday’s crop condition reports, while wheat is posting a moderate report recovery. Better crop ratings on corn, the lack of a significant weather threat at the present time, and no bullish surprise in yesterday’s stocks and…

  • Morning Update

    The most significant crop report of the year is today at 11:00 a.m. A mixed start greets the last day of the month and the last day of the quarter as the market awaits today’s USDA Stocks and Acreage data at 11:00 a.m. CT. 95.35 Mil acres is the supposed average guess for corn acreage…

  • Morning Update

    Recovery in grains overnight is moderate on US/Chinese trade news. Pre-weekend short covering is providing some much-needed support to the market as we head into the week’s final trading session. Long liquidation has pressured prices throughout the week as traders exited weaker positions ahead of Monday’s key reports. Market participants are well aware of the…

  • Market Quick Take

    June 30th Crop Report Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096707782?share=copy Corn: Market remains lower since Sunday night, erasing last week’s bounce July contract first notice date is Monday; must exit by Friday Corn stocks expected lower year-over-year, matching expectations Monday’s acreage estimate averages 95.35 million acres; if it hits 96, it’s…