What About Brazil’s Corn Crop? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1193719882 Corn: Corn is mixed after overnight strength faded on tariff uncertainty with China. Markets are watching Brazil Safrinha crop stress from dry planting conditions. Key regions in Mato Grosso and Goias show limited rainfall ahead. Production risk remains tied to pollination…
Hedge recommendation for soybean put roll. We will exit the August 11.00 short-dated new crop soybean put, currently 4.2, and buy the August 11.80 short-dated new crop soybean put at currently 24.4. With the cost of both puts combined, this gives us a 11.30 net protection while the upside is left open.
Grain futures turned mixed after a higher run in the overnight trade. Grain markets held mostly higher overnight, though the follow-through has been more restrained than yesterday’s stronger move. A softer energy tone has taken some of the lift away from agriculture, particularly after recent strength in crude and related markets helped support renewable fuel…
Late-week bearish grain sellers get turned on their head overnight. The grain trade is reacting to the foolishness they pursued last Thursday-Friday, as I explained the trade always throws the baby out with the bathwater and goes into liquidation mode when it does get what it’s wants. Sharp reversals were seen overnight with soybeans, corn,…
Today’s grain trade is seeing a wave of heavy liquidation across the board. Heading into President Trump’s meeting with China, the market was heavily positioned for bullish news. Instead, the only real takeaway was China agreeing to purchase “billions and billions” of dollars’ worth of soybeans, which, in reality, falls short of what traders were…
Grain trade disappointed with the lack of agricultural-specific sales to China. The overnight grain trade saw a light bounce initially in anticipation of an agricultural package with China, but without an official number or specifics, the market softened again this morning, with losses across the board. Pres. Trump says China will buy lots of soybeans,…
Momma Always Said There Would Be Days Like Today Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1192373050 Grain Market OverviewGrains sold off sharply across the board.Corn soybeans and wheat all moved lower fast.Selling accelerated after the Trump Xi meeting.Markets were positioned too long into the event.No ag discussion triggered fast liquidation.Algorithmic flows pushed the…
Hedge updates: Filled overnight on a 25% sale of Dec Minn wheat at 765, and 25% sale of July Chicago wheat at 680 A recovery bounce from today’s extreme reaction lows following Wednesday night’s disappointment should find a possible Ag package this evening (which is China’s Friday morning). A potential bounce should occur that we…
Grains softened considerably with no announcement yet on a US/Chinese Ag deal. The grain markets softened overnight, with losses accelerating early this morning after no comments were made about agricultural trade in the initial meetings between the US and China overnight. With high open interest loaded up and high expectations, this triggered profit-taking that fed…
KC wheat overnight took out the May 2024 high in trading. Overnight trading ended mix, but the grain trade was all higher in the early morning hours of today, with Kansas July wheat tagging 750 before retreating a dime from gains of just over $0.20 last night. Last night’s high took out the May 2024…
