Market Report

Grain Markets

3/2/15 10:59am

May Corn -4 ½ @ 3.88 ¾

May Beans -14 ¼ @ 10.17 ½

Good Morning!

In the International news:

–          China cuts interest rates by .25% just 4 months after last reduction.  More can be read at the Wall Street Journal (http://www.wsj.com/articles/china-rate-cut-renews-economic-concerns-1425242816 )

–          Boris Nemtsov/Putin Critics was assassinated, Fear in Russia, more can be read in the New York Times (http://www.nytimes.com/2015/03/01/world/europe/killing-of-boris-nemtsov-putin-critic-breeds-fear-in-russia.html?_r=0 )

Grain:

Not a lot of news in grain to speak of, low overnight volume, and exports were low across the board last week.  CVA switched basis levels to the May, as did many others in the area.  Weather looks to trend warmer as the week progresses, which is a welcomed change.

Corn:

Quiet overnight volume, looking for the roll form Mar to the May, the spread currently sitting at 9.5 cents .  Farmers are busy making crop insurance decisions.  Last week corn showed strength really form the strength in beans.  Look for some pretty hefty resistance at the $4.00 level.  CVA switched basis levels to the May, as did many others in the area.

Beans:

Morning session started off seeing a reaction to the Brazilian truck strike being resolved in most areas as roads begin opening up.  Trucks are now reaching ports and traffic is getting back to normal report say.  Last week’s run up was mostly due to the strikes.  Seems to be giving back a good portion this am.

For Fun:

As I was reading USA Today last week, I noticed a story which left me thinking….What?!?!  With KFC soon to release “Seattle’s Best” coffees they are testing a “Scoff-ee cup” which are a range of edible cups  This so far only in U.K Restaurants.  An edible cookie coffee cup, I think I will pass.

http://www.usatoday.com/story/money/2015/02/25/kfc-edible-coffee-cup-fast-food-restaurants/23994315/

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