By: Dan Hueber – Shhhh. We should probably be quiet about it for fear of jinxing it, but it would appear that the corn and wheat markets are on track to close higher for a second week in a row. This is something these markets have not been able to…
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher across the board on a short-covering rally. As we’ve detailed, funds have an oversize short position we feel they’ll cover as we approach the growing season. Today was just that. The CPC released their updated outlook and predicted wet conditions through Spring. They…
Risk Management Update
Old Crop Corn and Wheat 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…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mostly lower, though they did have an impressive late-session rally. There was some technical selling to start the day, but funds likely found the initial decline a good opportunity to unwind some shorts. More and more analysts are looking at the flooding, snow-pack, and…