By: Dan Hueber – While I certainly do not want to build up premature expectations, but yesterday both the corn markets posted outside higher reversal coming from new lows for the swing. Granted, the volume did not look overly enthusiastic, and the buying, one would suspect would have been primarily…
Commentary
Daily Comments
By: Dan Hueber – While I certainly do not want to build up premature expectations, but yesterday both the corn markets posted outside higher reversal coming from new lows for the swing. Granted, the volume did not look overly enthusiastic, and the buying, one would suspect would have been primarily…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and soybeans higher and wheat lower. As we expected in yesterday’s recap we saw a bout of short-covering today. There wasn’t really a fundamental or news-driven reason for the reversal, I think it was purely short-covering. We’ll get to the technicals…
Risk Management Update
No new updates this week. We feel it is important to remind everyone this is not a time to panic. The markets could be rather stagnant until either a new weather event takes place or we move closer to harvest. Corn 2020/2021 Sell 20% of expected production at 415’0 (Filled 4/12/19)…