Author: Jeff Kaprelian

Mar 07, 2019

Afternoon Grain and Cattle Recap

By: Patrick McRae Grains slid on technical selling today. It seems that unless we have bullish China news in the morning we have nowhere to go but down. While we’re on the topic of China we might as well talk about what little news there was regarding the subject. Undersecretary…

Mar 06, 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…

Mar 04, 2019 | For Members

Afternoon Grain and Cattle Recap

Grains – Jeff Kaprelian Grains closed mixed following President Trump’s tweet saying he asked China to remove tariffs on ag products. This helped push both corn and soybeans higher. Soybean demand is obvious, but the market is really hopeful we’ll see some corn purchases as well. I tend to agree…

Mar 01, 2019 | For Members

Afternoon Grain and Cattle Recap

Grains – Jeff Kaprelian Grains finished mixed after a wild day. It had the feeling of a major low because there was a hint of panic in the air. I’m not ready to say this with certainty, because I can also blame the recovery on end of week short covering….

Feb 28, 2019 | For Members

Afternoon Grain and Cattle Recap

Grains – Jeff Kaprelian There wasn’t much news in the grains today that Dan didn’t cover this morning. Prices quietly slid throughout the session and we ended 3’0 lower in corn at 370’6, 6’4 lower in beans at 910’2, and 7’2 lower in wheat at 459’4. Wheat is the market…