By: Jeff Kaprelian Corn Long Short Net Commercials 812,096 699,633 112,463 Last Week 789,199 694,737 94,462 Change 22,897 4,896 18,001 Large Specs 417,527 590,669 (173,142) Last Week 412,412 566,903 (154,491) Change 5,115 23,766…
Author: Jeff Kaprelian
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed with corn and wheat higher and soybeans lower. Starting with corn, we continue our technical recovery from very oversold levels coupled with a huge fund short. That short, by the way, grew by another 10,598 contracts to 334,262 according to the Commitments of…
Risk Management Update
New 2020 Corn Fill 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% priced, but…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains slid today led by a decline in wheat. There wasn’t really a fundamental reason for the decline, but since it’s a holiday-shortened week there wasn’t a reason for funds to give up their shorts just yet. We may see that trend reverse late tomorrow and…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and soybeans higher and wheat lower. The market is finally starting to build some weather premium in for delayed planting, but so far it isn’t terribly concerned. Crop Progress was released this afternoon and showed corn 3% planted vs. 5% on…