Market Report

Market

5/11/15 @ 10:03am
Dow -31.49
S&P -3.60
Nasdaq -3.51

U.S. stocks are down some today, pausing one session after the Dow posted its biggest one-day gain in more than three months. The modest moves followed a surge in stocks on Friday, after the government’s employment report for April indicated the economy was pulling out of its first-quarter slump.  Employers added 223,000 jobs in April.

Grain Market

5/11/15 @ 10:03am
Corn -1 ½ @ $3.61 ½
Beans Even @ $9.76

Reports: EXPORT INSPECTIONS @ 10 AM, CROP PROGRESS @ 3 PM; MAY USDA S&D REPORT TOMORROW @ 11 AM

Corn: Range-bound grain markets on Friday and again overnight, with the trade anticipating market-moving numbers today after crop progress report with many thinking 70-75% corn planted, but then attention shifts towards tomorrows USDA “Supply & Demand” report.  Where the bears are anticipating a bump in new crop ending stocks through increased yield expectations and demand reduction.

Soybeans: The Chinese government is again boosting economic stimulus by further reducing interest rates which is positive for beans.  Keeping on track, with the crop progress report today, many traders are thinking today’s crop progress data will show U.S producers 25-30% planted and well ahead of their historical pace.

Bird-Flu – According to the New York Times, Iowa agriculture officials said on Friday that bird flu would claim an additional four million egg-laying chickens on two more farms in a county already hit by the disease. Officials are waiting for preliminary tests on two farms in Wright County to be confirmed. The county reported earlier that a farm with 2.8 million chickens was affected. Iowa’s chicken loss is approaching 25 million, more than 40 percent of the state’s egg-laying flock.  You can read more here: http://www.nytimes.com/2015/05/09/business/iowa-says-4-million-more-chickens-have-bird-flu.html?_r=0

News:  From DTN, Iowa, Nebraska: Bankruptcies Ramp Up

Read here: http://agfax.com/2015/05/05/iowa-nebraska-farm-finance-ice-beginning-to-crack/#sthash.RDsXVqiq.dpuf

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 any 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