On another volatile Sunday night for oil, soybeans are optimistic ahead of the upcoming Chinese/US summit in 10 days. It was an interesting overnight trading session, as grains did open softer, but that did not last long. Corn and soybeans endeavored to climb back towards Friday’s highs, with soybeans exceeding them. Oil prices recovered in…
It’s May 1, Iran sends a plan, and China is still on for May 13-14. Grain futures opened firm last night, and at one point we traded sharply higher again, with Kansas City over $7.00. This morning, at just after 7:00 AM central time, Iran announced it had delivered a message through its intermediary Pakistan…
The Power Of Gravity Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1188213211 Wheat Deliveries pressured Chicago and Kansas wheat early Kansas hit 720 target completing wave three advance Market now correcting likely into wave four chop phase Forecasts still missing key drought areas limiting downside Post harvest rally could come earlier than normal due…
Deliveries trigger an overnight price correction on the last trading day of the month. Corn and soybean futures were supported early last evening, as crude oil raced over 110 in the night session. Pres. Trump indicated he is mulling military options against Iran, with some intense but short bombing campaigns to bring them to the…
Another new contract high again for wheat overnight. Dryness remains pervasive. Grain markets firmed overnight, with corn, soybeans, and wheat all finding support as managed money continues to rebuild length. The buying is being tied to a broader risk premium that now includes both weather concerns and geopolitical uncertainty. Dryness continues to engulf the heart…
If The Bears Only Knew Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1187452009 Wheat Market surged after forecasts removed meaningful Kansas moisture, confirming severe stress in key northern production areas. Crop condition report understated damage, but trade shifted focus to worsening weather outlook overnight. Kansas, eastern Colorado, and parts of Nebraska face significant yield…
Hedge Recommendation fills: Take the new crop Minneapolis wheat recommendation and SRW hedges to the market on today’s reopening. The orders placed 3 weeks ago, which looked unattainable at the time except for our chart signals, are now filling. Exited the remaining old crop KC wheat at 678 on the May contract. This contract is…
Wheat rips higher in the night session, when GFS pulls rain for this weekend in Kansas. The wheat trade is sharply higher this morning, pulling corn with it, but that’s not how the evening started. The USDA put out a ridiculous crop condition report yesterday, showing the total HRW wheat rating steady with the prior…
It’s Become Real Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1185961822 Wheat Kansas City wheat pushes to new multi year highs as drought stress worsens across western Kansas and eastern Colorado. Crop conditions deteriorating with wheat already heading, limiting benefit from any early May rains. Northern Kansas showing severe damage with short crop and…
KC wheat again challenges the annual highs overnight for the fifth time. Grain markets firmed in overnight action, with wheat setting the pace and pulling corn and soybeans along with it. Wheat continues to draw the strongest underlying support. While Russia has increased its production outlook, that improvement is being offset elsewhere. Australia remains a…
