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….
Commentary
Free Commentary
By: Dan Hueber – While it was almost buried amongst all the other news yesterday, U.S. agriculture was finally provided with a piece of positive news as President Trump and Japanese Prime Minister Abe inked a new trade agreement between our countries. Japan currently stands as our 3rd largest ag…
Daily Comments
By: Dan Hueber – While it was almost buried amongst all the other news yesterday, U.S. agriculture was finally provided with a piece of positive news as President Trump and Japanese Prime Minister Abe inked a new trade agreement between our countries. Japan currently stands as our 3rd largest ag…
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…