By: Jeff Kaprelian Grains finished mixed as traders squared their positions ahead of Thursday’s report. Corn gained 2’2 to 387’0 as it struggled to find new buying while being technically overbought. Soybeans fell 1’0 to 915’2 for the same reason. Wheat markets were mixed with Chicago and Kansas City lower…
Author: Jeff Kaprelian
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. Please contact your advisor at The Hueber Report of call 888-926-0985 to determine the best course of…
Afternoon Grain Market Recap
By: Jeff Kaprelian CBOT grains finished higher across the board on continuation buying after yesterday’s surprise Quarterly Grain Stocks report. The slow harvest pace, as reported yesterday afternoon, underpinned markets as well. At the moment we’re going to look at the market from a purely technical perspective for this afternoon’s…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished higher across the board (spring wheat being the exception) after today’s surprise Quarterly Grain Stocks report. The USDA estimated September 1st corn stocks at 2.114 billion bushels against an average trade guess of 2.428 billion. This implies either higher residual usage or a lower…