Grains – Jeff Kaprelian Grains finished mixed with corn marginally higher, soybeans up, and wheat down. The wheat market fell because there was truly nothing to support it. We still have strong competition from Europe for exports and ideas that Argentina will increase acres. They are expected to increase area…
Commentary
Risk Management Update
No new updates this week 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 For those interested in capturing carry we recommend setting spread targets following the advice…
Free Commentary
By: Dan Hueber – You could almost hear the bruised and battered bulls say, “Take that!” as grain and soy markets rallied back sharply yesterday after weeks and realistically months of pressure. Unquestionably, wheat has been the poster child for relentless selling, and it recorded one of the best single-day…
Daily Comments
By: Dan Hueber – You could almost hear the bruised and battered bulls say, “Take that!” as grain and soy markets rallied back sharply yesterday after weeks and realistically months of pressure. Unquestionably, wheat has been the poster child for relentless selling, and it recorded one of the best single-day…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished higher across the board led by what is presumed to be a short-covering rally. Yesterday’s COT Analysis detailed how funds were positioned a bit too far on the short side in corn. It was the same picture in wheat, though I didn’t detail it yesterday….