By: Dan Hueber – As it turned out, Uncle Sam had a surprise or two up his sleeve for the corn market yesterday as they broke with tradition by making both acreage and yield adjustments in the June report. As I have noted previously, the June estimate is most normally…
Commentary
Risk Management Update
2019/20 Soybean Target Filled 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 100%…
WASDE Recap
By: Jeff Kaprelian – Grains finished higher across the board after today’s surprise WASDE. Corn settled 12’4 higher in December at 447’0, November soybeans were up 1’2 at 887’0, and July wheat gained 10’4 to 518’0. Corn The biggest shock of the day came from corn, where the USDA cut…