Grain Markets

Markets as of 9:36am 12/8/14

Mar Corn +3 ½ @ 3.98 ½

Jan Beans +8 ½ @ 10.44 ½

Corn: The corn market is leading the upside, as technical buying interest has pushed March Corn back up toward the 4.00 level.  Which may prove to be a good time to make a corn sale or an offer at a higher level.

We are also seeing good weather in South America, the US dollar holding firm, and trade anticipating Wednesday’s USDA Crop Report.

Beans: A clear head and shoulder pattern was finished last week in the beans, typically a bearish sign for the technical traders, the market seems to have a firmer tone toward the end of last week into this week.  The bulls need to pierce resistance at the Nov. 26 high at $10.54 3/4 to break the recent downtrend pattern.

$13.33     — the contract high

$10.24 1/4 — the 10-day moving average

$10.28 3/4 — the 20-day moving average

$10.11 1/4 — the 40-day moving average

$9.04     — the contract low

Fun:  For you numbers folks, ever wonder how Santa does it?  I did, so here is what I found out.

1. Due to international time zones, our modern day Santa Claus actually has 31 hoursto deliver presents to all the children of the world.
2. But to do so, he’ll need to travel at a rate of 4,796,250 MPH!

So that’s how he does it!

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