Grain Prices

Markets 6/30/14 @9:10am

Corn-6@4.36 ¼

New-6 ½ @ 4.40 ¾

Beans+3 ¾ @13.81 ¾

New Even @ 12.28

-All eyes will be on the numbers from the USDA today at 11:00am.

-The June 1^st stocks report will give us an update of what is “left on hand” and a better idea of the total supply and demand picture.

-The acreage report will get a lot of attention, especially as we start to debate yield potential on the planted acres

-Limits today are 35 cents in corn and $1.00 in soybeans, this is especially important for producers looking for selling opportunities

– Keep an eye on the Chicago Board of Trade for crop sales opportunities as pre-report positioning shifts the market one way or another.

Report related Marketing strategies:

1. Pre-report: A producer may consider making a cash or futures only sale prior to the report thus eliminating risk on a portion of the crop
2. Post Report: Placing an “Offer” on a new crop sale to capture a post report market reaction to the top side.  In many cases post report rallies are short lived.

For more informations, contact:

Greg Mockenhaupt

Risk Management Consultant

Central Valley Ag – ProEdge

1007 County Road O

Oakland, NE 68045

Office: 402-685-5613

Cell: 402-380-9855