By: Jeff Kaprelian Corn Long Short Net Commercials 699,992 751,954 (51,962) Last Week 706,434 767,087 (60,653) Change (6,442) (15,133) …
Author: Jeff Kaprelian
Afternoon Grain Market Recap
By: Jeff Kaprelian Grains finished mixed as markets fought technical headwinds today. The failure to break through overhead resistance coupled with technically overbought grains led corn 1’6 lower to 372’4 and soybeans 0’6 to 888’4. Wheat continued to gain traction and pushed 7’0 higher to 484’2. News was generally uneventful….
Afternoon Grain and Cattle Recap
By: Jeff Kaprelian and Patrick McRae Grains finished mostly lower after weakness on technical trade. All grain and oilseed markets, with the exception of rice, are technically overbought and turning lower. This morning Dan stated the timing of these corrections could extend into the first week October. Downside targets are…
Risk Management Update
No new updates this week. Corn 2020/2021 Sell 20% of expected production at 415’0 (Filled 4/12/19) 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) Sold 50% of expected production at 420’0 futures/HTA (Filled 5/24/19) 2018/19 We have been…
Afternoon Grain and Cattle Recap
By: Jeff Kaprelian and Patrick McRae Grains Grains finished mixed, but mostly higher as markets erased Friday’s losses. Optimism stemming from positive comments out of China got things moving, then word broke that Chinese importers bought 600,000 MT of soybeans out of the Pacific Northwest. It was also reported that…