6-16-19

Fri. 21st.

Summer Begins
July options for grains expire
Cattle on Feed Report

Meats and selling pressure: MHO
Weather sucks for grilling
Info from HighGround Trading:
Hormel Foods Corp / plant base pizza topping (no meat)
Perdue Foods / Chicken Plus, frozen nuggets, tenders and patties that
blend veges, chickpeas, cauliflower and other plant protein with chicken.
Tyson Foods and Cargill Inc. also have invested in and launched new
meatless protein lines this yr.

Still wet and cool eastern corn belt. I’m thinkinf that we could lose a total
of 9-11 mil corn acres. Beans coming up next.

I do like the bull spread in both corn and beans right now.
Long CZ19 vs, CZ20 and ling SX19 vs. SX20

Breaks will be supported with a long growing season ahead.

How high is the question??

Be Safe