Spec Trade: Rebuy the March Corn at MKT, 529 last with a 524.4 stop. In review you’ll see that the Dec corn has found itself at the trend line which matches the lows since last fall. Also there was a double bottom on the continuation corn chart with the July low. If this value holds we could…
Spec Trade: Buy a Dec 21 Live Cattle at 133.55 with a 132.75 stop. Take a $1.50 profit if filled.
Grain futures remain concerned with load-out capacity of the Gulf. Grain futures experienced a firm start overnight again with a high by 3 AM, just to see prices drift again into the night session close. The focus of the grain trade again stays on the Gulf export corridor and when electricity will be restored to…
Spec Trade: Buy 1 full size Nov22 Soybeans at the MKT, 1258 last with a 1245 stop
Spec Trade: Buy a March Corn at the MKT, 537 last with a 529.4 stop.
Grain futures are concerned with load-out capacity of the Gulf. Corn and soybean moved higher in the evening session while wheat values were stagnant. Selling pressure renewed early this morning as reports came in on Gulf export capacity. CHS is reporting minimal structural damage, but that the restoration of power could take weeks. As a…
Crop Condition Ratings Corn ratings gd/ex came in at 60% which is steady from last week’s 60%, average guess was steady. Bean ratings gd/ex came in at 56% which is steady from last week’s 56%, average guess was steady. Data is considered neutral with pre-report expectations.
Grain futures are mixed for the start of day session Monday trading. Grain futures initially overnight, on Hurricane Ida bringing damage to crops in the Gulf states that are harvesting throughout the Delta, along with forecasts that keep the Eastern corn belt dry for its finish. Heavy selling in the September grain contracts on last…
Row crop prices drift overnight. Corn and soybeans moved lower overnight, as the best rains of the growing season fell across Minnesota and Iowa overnight with totals of .5-3.00″. The debate is how much yield benefit the moisture would produce? Seed size for soybeans can be boosted, but the yield to help corn will be…