Grains – Jeff Kaprelian The USDA gave us one of those reports we’ll talk about for years to come. Corn was limit down most of the day, soybeans ended 12’4 lower in November, and wheat was down 27’6 in September. Let’s get into the numbers then talk about where we…
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
By: Patrick McRae Strong reaction in the grain markets today regardless of the negative export sales. Much of today’s rally was likely due to the relaxation from geo political tensions. Previously a lot of focus was on the Chinese currency and of further issues regarding trade deals and economic sustainability…
Risk Management Update
No new updates this week Corn 2020/2021 Sell 20% of expected production at 415’0 (Filled 4/12/19) 2019/20 Sell 10% of expected production at 420’4 (Filled 5/1/18) Buy 420’0 CZ9 calls on 50% of expected production at 21’0 (Filled 10/17/18) Sold 50% of expected production at 420’0 futures/HTA (Filled 5/24/19) 2018/19 We have been…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher after a massive selloff this morning. The selloff was caused by the Chinese devaluing their currency in retaliation to the new tariffs President Trump announced last week. December corn traded to 400’6 but recovered to 414’6 at the close. November soybeans fell to…