By: Jeff Kaprelian – Grains finished dramatically lower today after President Trump said there would be an additional 10% tariff on $300 billion worth of Chinese imports starting September 1st. Keep in mind we already have a 25% tariff on $250 billion worth of Chinese goods. We were already off…
Author: Jeff Kaprelian
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 Market Recap
By: Jeff Kaprelian Today we’re going to take a deep dive into corn yields since yesterday’s Crop Progress report helped drive the market lower today. It should come as no surprise to you that the yield estimates I’m about to share are all over the board. Weather and planting dates…
Commitments of Traders Analysis
By: Jeff Kaprelian Corn Bulls saw the opposite of what they wanted in this report. Funds added 18,195 new shorts and sold out of 12,990 longs. Commercials were net buyers after buying back 32,184 shorts and exiting 5,353 existing longs. As I’ve pointed out for the last few weeks, fund…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and wheat lower and soybeans higher. Continued concerns over weak export sales and a lack of fresh bullish weather kept a lid on things and pushed markets down towards support. Things will heat up again over the next few weeks, but…