By: Jeff Kaprelian Grains fell on technically overbought conditions as they traded into resistance as well as uncertainty over the China deal. Corn lost 4’4 to 393’2 in December, soybeans fell 6’4 to 934’0 in November, and wheat fell 4’0 to 507’0. Before we get into the meat of the…
Author: Jeff Kaprelian
Afternoon Grain Market Recap
By: Jeff Kaprelian Grains had a significant rally today as risk markets rose on Chinese deal optimism. Obviously, the USDA report was bullish soybeans yesterday, and realistically it wasn’t bearish for corn, though the market had that reaction. Also helping markets was the cold snap and snow in the Dakotas….
Afternoon Grain Market Recap
By: Jeff Kaprelian Grains finished lower across the board after today’s USDA report. There was a nervous tone to start the day as the Chinese negotiators arrived, but strong export sales for soybeans along with a daily reporting announcement of a sale to China helped ease concerns. It was announced…
Risk Management Update
The action this week looks longer-term positive. We suggest, only for those who need cash flow and are willing to take ownership on corrections, targets of 398’0 for corn and 930’0 for soybeans (filled). Please contact your advisor at The Hueber Report or call 888-926-0985 to determine the best course…
Daily Comments
By: Dan Hueber Is this the calm before the storm, both figuratively and literally? Grain and soy markets are trading quietly lower this morning but as a whole are doing more than treading water at this point. Looking forward in the week though, we appear to have a potential trifecta of…