Author: Ivan

  • Morning Update

    KC wheat firm on southern cold temps, soybeans lower as Trump threatens China meeting delay. The grain trade opened lower Sunday night, as Pres. Trump said he would be pressing China to help get the Strait of Hormuz open, and if China would not be helpful, he would likely delay his month-end meeting with Pres….

  • Morning Update

    Consolidating trade of this week’s chaos is the order of the day. It has been quite a week, yet after all the chaos since last week Friday, this morning crude oil shows a gain on the week of $2.00, corn is near steady (new crop is a few pennies higher yet), wheat is softer, while…

  • Market Quick Take

    Will Grains Correct? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1173039874 Corn Overnight strength from crude oil pushed corn higher before fading late in the session December corn briefly hit a new high at 4.95 but closed unchanged Market targeting a potential $5.10 objective based on the 35 cent breakout range Producers began small…

  • Morning Update

    Cargill gains headlines on the soybean rally overnight. The grain trade when into the fall recovery mode overnight, led by soybeans. News surfaced yesterday afternoon and reignited what had becoming a problem over the past weekend. Brazilian soybean exports to China are encountering delays after the Brazilian Ministry of Agriculture introduced stricter phytosanitary inspections at…

  • Market Quick Take

    Cattle In Trouble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1172701224 Soybeans Soybeans holding bullish structure after bouncing off support with potential Wave 4 consolidation forming. Market watching possible ABC corrective move before another upside push. Soybean oil leading the rally as prices push into key monthly retracement zone. Biofuel policy expectations including renewable…

  • Morning Update

    The grain trade recovers as fertilizer becomes the topic of the day. The grain trade is under full recovery mode after two heavy days of selling after the Sunday night spike rally. The reality is, the Strait of Hormuz remains closed to traffic, which does not help fertilizer movement that is critical at this time…

  • Market Quick Take

    It Remains About Oil Volatility Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1172312774 USDA WASDE Report The March WASDE report was largely a non event with very few meaningful changes. Soybean imports increased 5 million bushels while crush increased by the same amount, leaving ending stocks essentially unchanged. Most figures landed within trade expectations,…

  • Morning Update

    The grain trade finds stability in the overnight session. The grain trade is mixed this morning, with prices within pennies of either side of unchanged. Yesterday’s climactic run in crude oil in the Sunday night session, and the late collapse in the day when Pres. Trump announced that the war would end soon, created weakness…

  • Market Quick Take

    When Crude Moves, Everything Moves Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1171919876 Crude Oil Crude oil exploded overnight toward $120 per barrel before retreating sharply after discussion of strategic reserve releases from G7 nations. The market briefly approached key technical retracement levels tied to previous historic highs near $148 in 2008. Late session…