Author: Ivan

Spec Trade: Buy 2 Dec Mini-Wheat at the MKT, 882 last with a 853 stop.

The US job market build for September was 263,000. Wheat futures are leading morning strength from the overnight trade, as Reuters reports that the 2023 Ukrainian wheat production is expected to decline by 50%. High input costs, low prices, and a shortage of available fertilizer have farmers frustrated and opting to wait until spring to…

The second day of renewed US dollar strength and poor exports. Grain futures are lower across the board this morning due to the second day of the returning strength of the US dollar and the confirmation of poor exports in this morning’s data. Wheat and soybeans have double-digit losses, with corn also back under 680…

The US dollar bounces off a trend line support. After multiple days of heavy selling in the US dollar, support arrived at the 110.00 value referenced in yesterday’s Heartland video and mounted a near 1% advance. This universally reversed the higher trend in financials, metals, and commodities overnight and, except for crude oil, pushed everything…

Turn-around Tuesday gets help from outside markets. Turn-around Tuesday kicked in heavy overnight, reversing a lot of the negative action from Monday’s trade. The US dollar sank in the morning hours when the Bank of Australia raised its interest rate less than expected. They only increased their interest rate by .25% to a rate of…

Grain futures rally with outside markets. Grain futures are higher to start the day after a quarterly stocks report, as corn and wheat find renewed buying from Friday’s late spill in price, while soybeans open lower in found buying interest throughout the night. The question is, will the standard sell the grain trade the day…

USDA Crop Report 9/30/22 Crop report is bullish corn and wheat but bearish soybeans on price.

Spec trade: Place an order to take profits on long Dec cattle at 148.55.

USDA crop report out at 11:00 a.m. CT today. Grain futures bounced overnight, as the end of the month and end of the quarter short covering from what has been mostly prominent selling since the September 11 crop report, along with Putin speaking this morning ahead of his officially signing a decree annexing the captured…

Spec Trade: Buy a Dec Corn at the MKT, 668.4 last with a 653 stop.