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Strong & Long


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July Corn:

Looking to buy with a close above $3.80. If this is the break out to the upside they should close making new highs above $3.80. The Corn crop is far from excellent. The yield loss will be greater then anticipated when this new crop comes to the market.

July SoyBeans:

Hold all long $9.20 calls and look to sell them for 35 cents or greater. (Long from 12 cents - on 5/30/17)

South American crop is large and could put pressure on prices. Will we see 10 dollars within the next month? I doubt it but a close above $9.40 is bullish and should lead to some short covering. Globally the prices should not go over $10.50 unless the U.S. crop has a yield loss 7-10%. That is possible but the current situation suggest a weather premium is needed to propel the market above $10.50. For the time being look for the bounce to $9.50.

Augest Hogs:

I am Bullish to say the least, looking for them to make new contract highs by the end of the week. Stay long look for $90.00. The 20 day moving average comes in just under $80.00. A good place for a STOP is $78.00.

Augest RBOB:

New recommendation:Buy at the market place your STOP at $1.4850. A Seasonal bounce should come into the market within the next week. Two weeks ago I exited taking profits at $1.5850 looking for another leg up. Buying Breaks.

July Cocoa:

European demand should help with prices but for the time being things look negative. Avoid

Call or Email me with any Questions.

Cody Hoffman

(312)474-7853

Cody.Hoffman@SystraAssetManagement.com

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About the author


I started in the industry with BB&L Farms Research based out of Boon Iowa. There I learned the in's and out's of the grain and livestock markets.

 

Understanding what some of the driving factors in the commodity markets are. I was then offered a position at BRICS Global Markets based out of Chicago as a order desk clerk.

 

At this point I started developing personal relationships with farmers. Icon Alternatives then offered me a job with the opportunity to become a Futures Broker. Here I teamed up with Russell Tanner and started developing private clientele. In the last few months we, as a team have transferred companies to Systra Asset Management.

 

The company is based out of Dusseldorf Germany with the main headquarters in Chicago.

Cody.Hoffman@SystraAssetManagement.com

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