By: Jeff Kaprelian – Thanks wheat! After today’s USDA report that’s what corn farmers should be saying. Or perhaps, more appropriately, “spasibo pshenitsa” since the USDA cut Russian wheat production by 3.8 MMT which helped put world wheat ending stocks at the low end of estimates and 7.88 MMT lower…
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished firmly higher on position squaring ahead of tomorrow’s WASDE. Markets were also supported by Larry Kudlow’s comments that were positive regarding trade negotiations with China. Let’s get right into the estimates for tomorrow, since the market will likely be in a holding pattern until…
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 mixed with corn and beans higher and wheat lower. A continued hot forecast for much of the country sparked some overnight buying. Markets set back around 10:00 am central time today on what I assume to be large re-positioning ahead of the WASDE. Really…
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…