Hedge updates: Filled overnight on a 25% sale of Dec Minn wheat at 765, and 25% sale of July Chicago wheat at 680
A recovery bounce from today’s extreme reaction lows following Wednesday night's disappointment should find a possible Ag package this evening (which is China’s Friday morning). A potential bounce should occur that we want to catch our remaining sales on. Seasonally, grains struggle to maintain strength past mid-May.
25% sale of old crop corn on the July contract at 477.
25% new crop sale on December corn at 502.
25% sale of new crop KC wheat at 727.
Remaining 10% of old crop soybeans on July at 1214.