Weekly Analysis: Corn New-Crop
Theoretical Positions: A large part of 2024 production has already been priced, as well as some 2025. Understandably, not everyone is in that same position. Hedgers Short hedges would be [...]
Theoretical Positions: A large part of 2024 production has already been priced, as well as some 2025. Understandably, not everyone is in that same position. Hedgers Short hedges would be [...]
Theoretical Positions: The bulk of 2023 production has been priced with cash contracts or short futures hedges. Dec23 short hedges would’ve been rolled to March24 at a strong carry during [...]
Theoretical Positions: If holding short futures hedges, we need to keep an eye for a possible bullish reversal, either short-term or intermediate-term. Cash hogs held against the June contract could [...]
Theoretical Positions: It's possible long positions were established in July futures when it posted a new high of $3.9995 the week of March 11. If so, sell stops would be [...]
Theoretical Positions: 2023-2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.45. [...]
Theoretical Positions: The bulk of 2023 production could be sold at this point. New-crop December 24 short hedges may have been put in place with the completion of a bearish [...]
Theoretical Positions: All 2023 SRW production should be sold. As for the 2024 crop that is being planted, the reality is little of it has likely been priced. Some producers [...]
Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally through mid-spring. The market looks to [...]
Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. End-users could increase their coverage given last week’s bullish breakout on the National Soybean [...]
Theoretical Positions: A large part of 2024 production has already been priced, as well as some 2025. Understandably, not everyone is in that same position. Hedgers Short hedges would be [...]
Theoretical Positions: The bulk of 2023 production has been priced with cash contracts or short futures hedges. Dec23 short hedges would’ve been rolled to March24 at a strong carry during [...]
Theoretical Positions: Cash cattle have likely been hedged or sold versus the June contract. Additionally, put options could be held against cattle coming out against deferred contracts. June $184 put [...]
Theoretical Positions: 2023-2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.45. [...]
Theoretical Positions: The bulk of 2023 production could be sold at this point. New-crop December 24 short hedges may have been put in place with the completion of a bearish [...]
Theoretical Positions: All 2023 HRW production should be sold. As for the 2024 crop, the reality is little of it has likely been priced. Some producers may have locked in [...]
Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally through mid-spring. This could set up [...]
Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. End-users could increase their coverage given last week's bullish breakout on the National Soybean [...]
Theoretical Positions: A large part of 2024 production has already been priced, as well as some 2025. Understandably, not everyone is in that same position. Hedgers Short hedges would be [...]
Theoretical Positions: The bulk of 2023 production has been priced with cash contracts or short futures hedges. Dec23 short hedges would’ve been rolled to March24 at a strong carry during [...]
Theoretical Positions: Put options were bought during the previous uptrend. Short hedges may have been established in mid-March when August feeders took out its previous 4-week low of $264.875 (week [...]
Theoretical Positions: 2023-2024 needs might’ve been covered based on the change in long-term trend at the end of June 2023 (see Monthly Analysis). The spot-month contract was priced near $2.45. [...]
Theoretical Positions: The bulk of 2023 production could be sold at this point. New-crop December 24 short hedges may have been put in place with the completion of a bearish [...]
Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally through mid-spring. This could set up [...]
Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. End-users could continue to buy on an as-need basis with the downside target for [...]
Theoretical Positions: All 2023 HRW production should be sold. As for the 2024 crop, the reality is little of it has likely been priced. Some producers may have locked in [...]