Author: Ivan

Spec Trade: Buy a Dec corn at the MKT, 606.4 last with a 600.4 stop.

Grains are softer to start the week. Grain and soybean futures are lower to start the week, as some areas of the NW Midwest at pickup favorable rains along with Russia’s wheat crop being raised substantially by IKAR, a private Russian analyst, to 95 MMTs. They have the crop in a range of 92-97 MMTs…

Grains are soft ahead of a weather uncertain weekend. Grain futures had a firm opening last night, with corn and beans exceeding Thursday’s high before weakening in the night session as it was announced that three ships have finally left today after Monday’s departure of grain from Ukraine, with more corn on board. There were…

Spec Trade: Buy a Dec corn at 595.4 with a 587 stop.

Will it be another morning grain rally that gets sold? Grain futures have run traders ragged over the last eight trading sessions, vertical for five days and straight down for the prior three. Overnight volume reflected exasperation, and early morning strength came from short covering as the GFS remains relenting on the Plains and NW…

Pelosi leaves Taiwan. Will markets replace feared Chinese import losses? Grain futures are recovering today as Nancy Pelosi leaves Taiwan after a 19-hour stint without any fanfare. Other than China imposing a hold on numerous imports of Taiwan goods and conducting live military drills in the Straits of Taiwan, there has been no announcement of…

Geopolitical concerns and uncertain weather drive markets. Grain futures opened lower last night on steady to better crop ratings, as a wetter euro forecast, and geopolitical concerns with Nancy Pelosi’s trip to Taiwan raised tensions. Asian equity markets fell on the anticipated Pelosi visit with Hong Kong down 2.4%, Shanghai off 2.3%, and US equity…

Spec trade: re-buy the November bean at the market, 1397.4 with a 1388 stop. The grain trade has soybeans at the 200-day MA, and if this can hold through the night session, the turnaround Tuesday could be substantial after Nancy Pelosi lands in Taiwan and if China has no response. Weather is still threatening for…

Grains price decline overnight as a ship leaves Odessa. Grain futures opened higher overnight, but not as strong as early indications, as rumors were circulating that despite a ship not leaving Odessa Friday or Saturday, it was rumored that it would leave Odessa Monday morning. This took the bloom off the start in the grain…

Grains continue to be price explosive. For the fifth morning this week, grains are sharply higher as a 360° attitude occurred over the weekend after six months of selling. 1. The Ukrainian Safe Grain Corridor will not perform to the extreme expectations that the world desired, 2. The weather has gone from hoped optimal rains…