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…
Commentary
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff The action in the corn market post-yesterday’s USDA report has been positive and corn and soybeans both closed higher today. With focus shifting more and more to the new crop season, weather will become an increasing factor. The 6-10 day forecast shows above normal precipitation and…
Risk Management Update
No new updates Corn 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 for those who have corn left to sell we issue…