By: Patrick McRae – Late yesterday we put out a recommendation to be selling 20% of December 2020 corn at current price levels. Some common concerns have been if the market is to rally substantially going into this year’s growing season. I wanted to take some time to break down…
Commentary
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By: Dan Hueber – The Chinese government says that they have the African Swine Fever situation under control and that all told, they have lost a little over 1 million head of hogs. In a report released today, Rabobank predicts that somewhere between 150 and 200 million pigs will die…
Daily Market Comments
By: Dan Hueber – The Chinese government says that they have the African Swine Fever situation under control and that all told, they have lost a little over 1 million head of hogs. In a report released today, Rabobank predicts that somewhere between 150 and 200 million pigs will die…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and beans lower and wheat higher. Weak export sales this morning and a lack of fresh Chinese news during the day session weighed on soybeans. The consensus estimate for soybean exports was, in my opinion, unreasonably high. First off, the Chinese…
Free Commentary
By: Dan Hueber – Finally, we have some news that would indicate that concrete steps have been made towards coming to a resolution in the U.S./Chinese trade battle. Treasury Secretary Mnuchin told reporters yesterday that the two countries have agreed to set up “enforcement offices” that will monitor if the…