Buy Micro-Gold
Spec Trade: Buy 2 April Micro-Gold at the MKT, 1891 last with a 1845 stop.
Buy July Corn
Spec Trade: Buy a July corn limit down at 643.4 GTC with a 626 stop Looking at the July corn chart, you can see the 4-hour chart support comes in at limit down.If the moving average gets bumped, it typically holds if it pushes through by another 10-14 cents before resolving back to the upside….
Morning Update 02/25/22
Commodities decline sharply overnight After a firm start on the evening session, grain futures tumbled in the early morning European hours as the sanctions were released, and agricultural and energy products were not on the list. It was widely suspected this would be the case, but apparently, the market thought otherwise prior. This means as…
May Beans
Spec Trade: Place a GTC order to Buy 2 May Mini-Bean at 1626 with 1578 stop.
Hedge recommendation
Hedge recommendation: sell another 10% of new crop production on the opening for corn and soybeans. On today’s opening, forward sell another 10% of new crop corn and new crop beans for the upcoming growing season. December corn is over 636 with November beans over 1512 after achieving the 1550 mark overnight, and corn coming…
Morning Update 02/24/22
Commodity prices move sharply higher Grain futures moved sharply higher as Vladimir Putin pushed into Ukraine overnight on what he calls a Special Military Operation, but the rest of the world calls an invasion. He is moving to demilitarize Ukraine and to assure NATO advancement does not occur on his Western front. This has caused…
KWE Put
Spec trade: Buy the April 880 KC wheat put for 29 cents OB. If Putin outsmarts Biden again and no invasion occurs by or through the weekend, wheat prices could go into swift retreat from present levels.
Morning Update 2/22/22
Grain futures move sharply higher early Monday evening before retreat. Grain futures moved sharply higher overnight, led by the wheat, as Russia did not invade Ukraine, instead the Russian separatists seized and declared the independence of two eastern states, with Putin quickly moving to recognize their independence. Russian troops moved into those two states, declaring…
Morning Update 2/18/22
Markets remain erratic into a 3-day weekend. Grain futures spent most of the evening lower overnight, with soybeans again catching a bid in the morning hours on the continual rising of bids in Brazil, with soybeans higher by another 10-12 cents from Thursday to now being a $1.55 over US values. US soybeans are now…
Morning Update 2/17/22
World events lift grain prices overnight. After the lower Wednesday evening start across the board in the grain complex, wheat futures initially burst higher in the evening after reports that Russia had increased its troop size by 7000, contrary to prior reports of reductions. But it was the report of mortar fire reported to have…