By: Kelley Fornoff – Corn and soybeans were lower today as the market waits for anything new and bullish to come along. Corn did have a better finish compared to trading 2’2 lower earlier in the day, with May corn closing 0’6 lower at 358’2. The weekly EIA report showed…
Commentary
Risk Management Update
New 2020 Corn Fill 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) Offer 50% of expected production at 420’0 futures/HTA 2018/19 We have been 100% priced, but…
Free Commentary
By: Dan Hueber – Figuratively as well as literally speaking, the chickens have come home to roost over in China, as they appear to be coming to grips with the enormity of the problems they are confronting with animal protein and particularly pork. While we will probably never truly know…
Daily Market Comments
By: Dan Hueber – Figuratively as well as literally speaking, the chickens have come home to roost over in China, as they appear to be coming to grips with the enormity of the problems they are confronting with animal protein and particularly pork. While we will probably never truly know…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains slid today led by a decline in wheat. There wasn’t really a fundamental reason for the decline, but since it’s a holiday-shortened week there wasn’t a reason for funds to give up their shorts just yet. We may see that trend reverse late tomorrow and…