2019/20 Soybean Target Filled 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 100%…
Author: Jeff Kaprelian
WASDE Recap
By: Jeff Kaprelian – Grains finished higher across the board after today’s surprise WASDE. Corn settled 12’4 higher in December at 447’0, November soybeans were up 1’2 at 887’0, and July wheat gained 10’4 to 518’0. Corn The biggest shock of the day came from corn, where the USDA cut…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed, though there were noted signs of weakness across the board. After gapping higher overnight, corn slid quietly throughout the session, turned lower for a bit, but recovered enough to close a penny higher at 425’2 in July. We’ve been sounding the warning bell…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn lower, beans marginally higher, and wheat significantly higher. Starting with corn, we simply are running out of steam with the rally. As we’ve commented in the past, you have to feed a bull this hungry every day otherwise it whimpers out….
Commitments of Traders Analysis
By: Jeff Kaprelian Corn Commercials were heavy sellers again on the last report, and added 114,081 new shorts and only 4,026 new longs. Funds were net buyers of 106,749 contracts after covering 83,654 shorts and adding 23,095 new longs. This was less buying than many in the trade were expecting….