By: Dan Hueber – Regardless of the fact that it will be wrapped with reservations and some controversy, the topic du jour is the July production and supply/demand reports that will be released later this morning. Once the “word of gov.” has been proclaimed, will it shock the market with…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished firmly higher on position squaring ahead of tomorrow’s WASDE. Markets were also supported by Larry Kudlow’s comments that were positive regarding trade negotiations with China. Let’s get right into the estimates for tomorrow, since the market will likely be in a holding pattern until…
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…