Market Report

Markets:

3/16/15 @ 9:47am

Dow Jones +159.14

S&P 500 +18.08

Nasdaq +36.44

The market rebounding this morning from a tough week last week.  Concerns of Yellen raising interest rates and the strength in the US dollar being among the reasons.  The US dollar & crude remain under pressure this week, with the dollar index falling this morning from the 100-point mark, and crude matching late-Jan lows overnight, technical traders are watching these

Grain:

May Corn -4 ½ @ 3.76

May Beans-1 @ 9.73

Fundamentally, corn and beans are looking for higher acreage estimates ahead, though demand data is on the way and expected to remain strong.

Friday was a lower volume day with the US dollar making another new high and pushing pushing down grain & energy commodities. We really didn’t see anything new on basis values heading into the weekend, if we continue to see negativity this week, we may see some added strength in basis.

Corn: Concerns of more competition coming from Ukraine, Argentina and Brazil with regard to corn coming to US ports, but lack of news in corn continue and corn stays range bound gradually pushing lower.  In the event of news regarding delayed planting, or weather may represent an opportunity for a cash sale.

Beans: NOPA crush out at 11 AM this morning looking for another record pace on crush with trade est. at 148.5 mil up from last year.  Argentina talking about flooding in the northern part of Argentina’s farm belt will reduce the country’s 2014/15 soybean production by 1 million to 2.5 million tons, experts said on Friday as growers started assessing damage done by heavy February and early March rains.

For Fun:

Did you know giving your children chores and actually requiring them to perform these duties may give them an edge in life?  Interesting enough 82% of people said they had chores growing up, but only 28% said they require their own children to do them.  Studies show chores benefit a child academically, emotionally and even professionally.  With a professor stating giving children chores at an early age helps to build a lasting send of mastery, responsibility and self-reliance!  So kids…..get your butt to work!

Read the article here http://www.wsj.com/articles/why-children-need-chores-1426262655?mod=trending_now_3

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