Grain Futures Update

News & commentary on Grain Futures markets including wheat, soybeans, corn & more.

Posted on 6/17/2019 5:34:13 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/13/2019 1:18:10 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/12/2019 1:17:53 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/11/2019 2:00:38 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/10/2019 1:25:06 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/10/2019 5:44:37 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/6/2019 1:14:42 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/5/2019 2:10:30 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/4/2019 2:25:52 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/4/2019 2:25:37 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/3/2019 2:14:01 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 6/3/2019 5:33:40 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 5/30/2019 1:37:17 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 5/29/2019 1:19:55 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


IS IT RAIN MAKES GRAIN OR RAIN MAKES PAIN? CONTINUED BAD WEATHER LEADS TO DELAYED PLANTINGS

Posted on 5/29/2019 6:55:08 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.




Higher to sharply higher closes for Minneapolis, Kansas City and Chicago wheat along with rough rice, oats, corn, soybeans, soybean meal and soybean oil.  Minneapolis and KC are now in resistance areas after rallying nicely off the wet weather news. LET'S LOOK AT ALL OF THE FACTS. WET WEATHER HAS CAUSED A RECORD DELAY IN CORN PLANTINGS LEADING TO SHARPLY HIGHER GRAIN PRICES LED BY CORN WHICH INCLUDES THE FUNDS LIQUIDATING RECORD SHORT PUTS. ON THE OTHER HAND THERE ARE LARGE SUPPLIES OF WHEAT AND SOYBEANS GLOBALLY THAT SHOULD PUT A LIMIT ON THE WHEAT AND BEAN RALLY.  NOW THE FARMERS ARE POSSIBLY NEAR A POINT WHERE IT'S WORTH THE RISK TO PLANT CORN LATE BECAUSE OF THE POTENTIAL PROFIT VERSES THE BEANS. THAT DECISION WILL HELP DECIDE HOW MANY MORE BEANS AND LESS CORN WILL END UP BEING PLANTED. PERSONALLY I WOULD LOOK FOR A PLACE TO HEDGE THE BEANS AND SHORT THE WHEAT USING TECHNICAL INDICATORS WHILE LETTING THE CORN RIDE FOR NOW. With that to ponder Minneapolis had its best HIGH AND CLOSE since March, KC late February and Chicago the middle of March with the latter two making GAPS on Tuesday. Short term technically I get buy signals while long term the wheat complex remains bearish. With that in mind I am standing aside until I get a better handle on when to take a position. Oats just made a new CONTRACT HIGH CLOSE its nearest support below three dollars. Continue to hold longs. Rough rice had its best high and close since August 2018, so continue to hold your long positions. Decent support is under eleven dollars. Corn gaped higher on Tuesday making its best high and close since June 2018 with strong support under four dollars as we all know. Continue to hold long positions but I didn't have a BUY SIGNAL until Monday. The GAP at 357 1/4 may never get filled which would be a rare occurrence. The bean complex is still bearish with only the meal, so far, technically turning around. It looks like the nine dollar area would be a good place to start hedging beans but I 'm removing my sell signal for the meal. Oil continues to lag behind and I do feel the bean crop will get planted although I don't know how good the yields will be. BUY SIGNALS FOR CORN, ROUGH RICE AND OATS. SELL SIGNALS FOR SOYBEANS and SOYBEAN OIL. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.


Posted on 5/28/2019 1:51:57 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 5/28/2019 5:43:09 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 5/23/2019 1:55:11 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 5/23/2019 5:51:08 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


WORST DELAY IN CORN PLANTINGS IN HISTORY AS WE KNOW IT BUT B E CAREFUL!

Posted on 5/22/2019 7:05:37 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.




Higher closes for Chicago wheat, rough rice, oats and corn while lower for Minneapolis and Kansas City wheat along soybeans, soybean meal and soybean oil. YES, CORN IS FARTHER BEHIND IN PLANTING THAN AT ANY OTHER TIME IN HISTORY BUT AS PRICES RISE, MANY FARMERS WILL CONSIDER TAKING A CHANCE AND PLANT CORN ANYWAY BECAUSE OF THE HIGHER PRICES CORN WILL BRING. HEDGING PROPERLY, AS ALWAYS, WILL PROBABLY BE THE KEY. SO BE CAREFUL OF WHAT THE LARGER BEAN AND LOWER CORN ESTIMATES WILL BE. Minneapolis and KC are now in resistance areas after rallying nicely off the wet weather news. If you are long I would lighten up and my sell signals are still in play anyway. However, Chicago, at least for now, has given me a BUY SIGNAL with little or no resistance up to 515. On the other hand Minneapolis needs to close over 600 and KC 480 for me to have possible buy signals. Oats made a new CONTRACT HIGH AND CLOSE continuing its uptrend with the closest support below 295. Rough rice had its best high and close since late March but is forming a possible very large bottom that needs to be watched. Taking out its last high of 1137 should be very significant in my estimation. Corn has exploded around 60 cents over the last seven trading sessions off the wet weather and delayed planting culminating in its highest high since December while now in a heavy resistance area. Of course corn is now pushing against four dollars which is significant technically and psychologically. I still want to see a close above four dollars before I consider a buy signal for the longer term.Don't forget about the GAP at 357 1/4 that has the strong probability of being filled soon or later. The bean complex has had a modest boast thanks to the corn and wheat rally but the underlying feeling of more beans and less corn being planted because of the wet weather has been a drag on this complex as expected. However, I want to see beans close over 950, meal 320 and oil 30. BUY SIGNALS FOR CHICAGO WHEAT. ROUGH RICE AND OATS. SELL SIGNALS FOR SOYBEANS, SOYBEAN MEAL, SOYBEAN OIL, MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.


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