The grain trade breaks for the third day in a row, and may get blindsided by Iran over the weekend on a deal change. Another lower grain trade again today, as crude oil lets the air back out of the marketplace. Even though oil prices have not violated yesterday’s lows yet, the grain markets will…
Is the Iran/US war ending, or will Iran pull a “Ukraine” in late negotiations and always want more than what was agreed upon? You have heard the news about a possible end to the Iranian/US war to end their nuclear ambitions, at around 2:30 a.m. CT, energies collapsed, after initially weakening earlier Tuesday evening as…
Hard to push back Turnaround-Tuesday after Monday’s gains. It’s Tuesday morning; the Strait of Hormuz is still closed, with 1,550 ships still trapped in the Gulf and only a few transiting out each day. Bear in mind, not one of those ships has any intention of coming back to get more fuel or fertilizer until…
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…
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…
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…
Grains put in a firm session overnight. Can it survive the day sellers today? Grain markets pushed higher overnight with the Strait of Hormuz remaining closed seeing corn, soybeans, and wheat all attracting fresh buying. Weather remains the main driver, as stress is building across several important growing regions. The wheat market is no longer focused only…
