By: Kelley Fornoff – Corn and soybeans traded lower most of the day on hotter, drier weather, and ahead of tomorrow’s USDA report. Corn export sales this morning were rather disappointing and additional demand for US corn is slow. Meanwhile, Brazil is expected to ship over 4.5 MMT of corn…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and beans setting back on technical selling and a warmer forecast, and wheat gaining on lower than expected Canadian plantings. The ten day forecast calls for less rain and a fair amount of heat, which will help with drying. Seasonal outlooks…
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…