Grains – Jeff Kaprelian Grains finished mixed with corn and beans lower and wheat higher. Weak export sales this morning and a lack of fresh Chinese news during the day session weighed on soybeans. The consensus estimate for soybean exports was, in my opinion, unreasonably high. First off, the Chinese…
Author: Jeff Kaprelian
Risk Management Update
No new updates Corn 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 for those who have corn left to sell we issue…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Despite a higher start, grains quietly slid lower throughout the session. Corn fell 2’4 to 360’0, soybeans were down 0’2 at 898’6, and wheat was 2’4 lower at 465’2. There wasn’t much news, and trade was mostly focused on tomorrow’s WASDE. Just to recap, the estimates…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian There wasn’t much that happened during the day session today. Corn finished 1’2 higher at 362’6 on short-covering. The market is starting to focus on new crop prices more and more now, so that should lead to a seasonal decline in the May/December spread for a…
Risk Management Update
No new updates Corn 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 for those who have corn left to sell we issue…