By: Jeff Kaprelian – Grains finished higher across the board today as short-covering and weather concerns kept the rally alive. I could stop right there, as that’s as deep of an explanation as we really need for the price action, but you know me. I’ll get into some nitty gritty….
Author: Jeff Kaprelian
Daily Comments
By: Jeff Kaprelian – Grains are higher across the board as we recover from yesterday’s technical sell-off. The market very apparently not ready to give up trading weather, and rightfully so. The rain isn’t stopping for a week and soil is well saturated. While we’re talking about rain this presents…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished lower on a technical selloff that was sparked by the corn market trading into resistance. Later in the session the market’s descent picked up steam as the USDA announced actions to support farmers, also known as the new Market Facilitation Program. The Bloomberg article…
Risk Management Update
Old crop corn catch-up targets 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) Offer 50% of expected production at 420’0 futures/HTA 2018/19 We have been 100%…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher buoyed by a lack of planting progress as well as Friday’s Commitments of Traders Report that showed a still sizable fund short. Farmers weren’t able to make much progress last week as fields were still unsuitable for work and rains rolled through over…