Morning Update 3/25/22

Wheat recovers from overnight follow-through liquidation. Grain futures worked through a two-sided evening session, with the morning hours finding renewed buying in wheat as French milling wheat turned positive during its session in the early morning hours. However, further liquidation was seen overnight, on concerns that wheat and corn are not witnessing a pickup in…

Morning Update 3/24/22

Grain futures stall overnight after mid-week higher press. After a higher start Wednesday evening, by 8 PM, grain futures turned abruptly lower as reports of grain leakage continues and exporters/importers are finding workarounds to the sanctions. Also, several non-sanction Russian banks issued letters of credit for new transactions. As a result, world grain analysts are…

Morning Update 3/23/22

Dec corn makes another new contract high for the 3rd day in a row. After a choppy start overnight, grain futures moved higher with December corn again, making another new contract high. The Ukrainian Ag minister stated overnight that Ukrainian spring corn seeding could be cut in half if the Russian war does not and…

Morning Update 3/22/22

Dec corn makes another new contract high overnight.. Wheat futures are sharply higher, with corn mixed and soybeans higher in what was a volatile session overnight. Soybeans gained as much as $0.30 in the night session before giving up a large chunk of that into the morning, while wheat futures also pressed last week’s highs…

Morning Update 3/21/22

Dec corn makes new contract highs on Ukraine new-crop shortfalls. Grain futures moved sharply higher in the night session. December corn made a new contract high on concerns the Ukrainian corn crop will experience reduced potential with no end in sight for the military confrontation with Russia. Reports of stolen fuel by the Russian military…

Morning Update 3/18/22

Wheat leads the morning weakness. Morning grain futures find wheat sharply lower with corn following, while soybeans try to stay firm on Chinese interest. Wheat futures are on retreat, with rain forecasted for the dryer HRW wheat belt next week. Headline watching of the Ukraine/Russian conflict still finds continual discussions of truce talks, but continued…

Morning Update 3/17/22

Row crop prices recovered overnight with wheat trading volatile. Grain futures are mostly higher this morning with wheat lower, as a grain trade recovered overnight on news that Pres. Putin gave an angry speech to the Russian people and stated that they needed to cleanse Ukraine of “traders and Western aligned scum,” which reveals that…

Morning Update 3/16/22

Rain possible near end of March for dry southern wheat plains. This morning, grains are mixed with wheat and corn futures lower, while soybeans rally. Initially, Wednesday evening, there were reports that India will have more wheat available for export from last year’s surpluses and the promising looking upcoming crop. This morning’s 11-15 day forecast…

Buy Micro-Crude

Spec Trade: Buy a May micro-crude oil at 93.75 and 92.75 GTC with an 83.00 stop. Utilize the micro-crude oil contract., As it is 1/10 the size of the big one. A dollar move is $100, and with daily swings in the four-dollar-plus range, a couple of these is a big enough position for a…