Author: Jeff Kaprelian

Mar 18, 2019 | For Members

Afternoon Grain and Cattle Recap

Grains – Jeff Kaprelian Grains fell during a quiet session. Disappointing export inspections helped facilitate the decline. Corn inspections came in at 31.3 million bushels, below the market’s low end estimate of 31.5. This is also well short of the weekly needed pace of 54 million bushels. Year to date…

Mar 18, 2019 | For Members

Commitments of Traders Analysis

By: Jeff Kaprelian – Corn Funds increased interest on both sides of the market last week. They added 24,685 new longs and 80,685 new shorts to the net effect of being sellers of 56,000 contracts. Commercials added 28,324 new longs and covered 13,729 shorts. The commercial buying pushed the long-term…

Mar 14, 2019 | For Members

Afternoon Grain and Cattle Recap

By: Patrick McRae I don’t have much excitement to talk about this afternoon. We had a choppy and boring session that led to higher corn and wheat prices and lower beans. We can put a lot of the action on short covering, especially in wheat. Structurally that market has a…

Mar 13, 2019 | For Members

Afternoon Grain and Cattle Recap

Grains – Jeff Kaprelian Grains finished mixed with corn marginally higher, soybeans up, and wheat down. The wheat market fell because there was truly nothing to support it. We still have strong competition from Europe for exports and ideas that Argentina will increase acres. They are expected to increase area…

Mar 13, 2019 | For Members

Risk Management Update

No new updates this week 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 For those interested in capturing carry we recommend setting spread targets following the advice…