By: Dan Hueber – It would appear that the bloom was coming off the rose in the grain and soybeans markets into the close yesterday, but overnight, it would appear that the funds recognized the flower was just being stripped off the bush by the next round of rains passing…
Commentary
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mostly higher after giving up gains from earlier in the session. Corn settled 0’6 higher at 369’4, soybeans were 4’0 higher at 835’4, and wheat settled 0’2 higher at 448’6. As stated yesterday, the market was in need of a cool off. When you…
Risk Management Update
Old crop catch up target filled. We are prepared, but not yet ready, to issue a new crop corn option recommendation very soon. Please stay tuned. 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…