Grains – Jeff Kaprelian Grains finished mixed after corn and wheat fell, though soybeans finished higher. Today’s pullback was expected, as we warned against the market getting a big overheated. In straight up rallies you need to feed the bull daily for it to continue. We just didn’t have that…
Commentary
Risk Management Update
New crop corn target filled. New targets for new crop soybeans. Old crop SRW wheat 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%…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher across the board as the weather rally continued. We gapped higher overnight and never looked back after storms rolled in throughout the weekend. Weather continued today, which will undoubtedly push more acres into prevented planting. The Crop Progress report showed corn planting only…