Grain Market Report

Producers working steadily in the fields on harvest, with possible rain in the area for Weds.  Still some elevators/processors paying additional basis $ for early delivery on corn.  Most producers are too busy with beans to deliver corn, so there is a bit of a premium.  However this premium will likely disappear once corn harvest begins and corn bushels start rolling in.

Some strength in the market last week was attributed to new buyers in the grain, which could be some re-allocation from the stock market which seems to be suffering some from the politics and the Ebola scare.  We lost some of this strength overnight, but seem to remain pretty steady this morning.

Markets @ 9:14am 10/20/14

Corn -5 @ 3.43

Beans -12 ½ @ 9.39 ¼

Marketing idea:  On over run bushels/bushels you cannot store on farm.  Many producers either sell these extra bushels, or pay monthly storage.  A producer can sell the grain and buy it back on the board to remain in the market without paying storage. This strategy mimics storage and saves fees.  For more information simply contact CVA.

Risk Disclosure – The risk of loss in trading commodities can be substantial and past performance is not necessarily indicative of future results.  Therefore, you should carefully consider whether such trading is suitable for you or your organization in light of your financial condition.  Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples.  Neither the information, nor the opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts.

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com