Private Client: Trade
Buy 4 September $6.50 calls/Sell 4 $4.80 puts at a 2-cent net premium. Hold.
Private Client: Trade
Buy 2 December’21 Corn at $5.09, stops on a close below $4.65.
U.S. Medium-range Forecast: Changeable in Great Plains.
Highlight: Cooler 6-10 day forecast especially South while heat is impressive in California. Extended-range warms the Northeast. Charts of the day: >100F risk increasing in California. Discussion: The West U.S. Drought will continue to intensify as early season excessive heat risk increases for California in the medium-range. Medium-range 6-10 Day Forecast Valid May 31-June 4,…
Russia Month 1-3 Ahead: Dry and Hot Ahead!
Highlight: Much warmer/drier changes for the summer 2021 outlook. Executive Summary: The Climate Impact Company month 1-3 ahead forecast valid for June to August 2021 across Russia is updated. The forecast is significantly different from the previous forecast. An upper-level ridge pattern becomes dominant and quasi-stationary over West-central to Southwest Russia for the summer season…
CBT Recovers as Rumors Abound that China has purchased US Old Crop Corn; Record $1.50/Bu Margins for US Ethanol Producers in December
CBT futures fell to sharp losses in early day trade on leftover liquidation of stale long positions in corn/soybeans. July corn tested $6.00 and December corn reached $5.00 before active commercial buying emerged. That end user buying has rallied corn/soybean futures sharply off the morning lows. July soybean and July corn futures are higher at…
