Grains – Jeff Kaprelian Grains finished lower after profit taking ahead of the weekend and a drier forecast hit the market. Just to cap it off we have new tariffs to contend with. President Trump said he will impose a 5% tariff on all goods coming to the United States…
Author: Jeff Kaprelian
Afternoon Cattle Market Recap
By: Patrick McRae – Live cattle downside projections are now looking for a move equal to their prior contract lows. The projections that the previous consolidation show the following: 109 on June, this contract will lag due to cash market and narrowing basis. 102.500 for August live cattle, this is…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed after corn and wheat fell, though soybeans finished higher. Today’s pullback was expected, as we warned against the market getting a big overheated. In straight up rallies you need to feed the bull daily for it to continue. We just didn’t have that…
Risk Management Update
New crop corn target filled. New targets for new crop soybeans. Old crop SRW wheat 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%…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher across the board as the weather rally continued. We gapped higher overnight and never looked back after storms rolled in throughout the weekend. Weather continued today, which will undoubtedly push more acres into prevented planting. The Crop Progress report showed corn planting only…