Tune in on 3/13/19
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher across the board led by what is presumed to be a short-covering rally. Yesterday’s COT Analysis detailed how funds were positioned a bit too far on the short side in corn. It was the same picture in wheat, though I didn’t detail it yesterday….
Commitments of Traders Analysis
By: Jeff Kaprelian – After weeks of delayed COT data we’re back in business! The reports are up-to-date and we’ll start our regular weekly analysis again. I apologize for not publishing this report while the CFTC was catching up on releases, we felt that since the data wasn’t timely it…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed after today’s WASDE. Let’s get right into the numbers. Starting with corn, the USDA cut ethanol usage to 5.55 billion bushels. That makes perfect sense given the poor margins we’ve talked about in the past. Given those margins we’ve seen a slowdown in…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and wheat lower and soybeans higher. The story in the wheat market is simply that of selling begets selling. Seasonally that market tends to decline through the end of the month. With soft wheat trading at a premium to hard winter…