Grain Prices

-The USDA will issue their August Supply and Demand report tomorrow morning at 11:00am. The yield numbers will be monitored closely as this is the first report this year that will incorporate field data into yield estimates. Metrics such as harvestable ears, ear weight, and kernel counts where appropriate will be used to determine what yields could look like under normal growing conditions.

-Traders will position themselves ahead of tomorrow morning’s trade. Overall, we shouldn’t see any convincing moves either direction ahead of tomorrow.

-Soybeans had a nice finish Friday, which could provide a nice opportunity for producers to get some more harvest sales on prior to tomorrow’s numbers.

Markets 8/11/14 @ 9:56am

Sept Corn +5 @ 3.57

Dec Corn +4 @ 3.80 ½

Nov Beans – ½ @ 10.84 ¼

Strategy: Consider locking in a sale or using options to lock in a floor prior to the report.

For more information contact:

Greg Mockenhaupt

Risk Management Consultant

Central Valley Ag – ProEdge

1007 County Road O

Oakland, NE 68045