Market Report

Markets
5/5/15 @ 9.31am
Dow -21.79
S&P 500 -6.85
Nasdaq -42.49

U.S. stocks fell on this morning, pulling back after the S&P 500 notched its biggest two-day advance in more than a month.

This U.S Dollar continues some weakness, and oil finds some strength this morning.

Grain Markets
5/5/15 @ 9:32am
July Corn -3 ½ @ 3.57 ¾
Dec Corn -3 ¼ @ 3.74 ½
July Beans +5 ¼ @ 9.88 ¼
Nov Beans + ¾ @ 9.49 ¾

Planting progress came out yesterday at 3pm

Mondays planting progress report numbers showed 55% of the U.S corn crop now planted vs 28% this time last year and 13% of the total soybean crop now in the ground compared to 5% last year this time.  Nebraska is at 57% compared to 42% last year for corn, and 12% as compared to last year’s 10% for beans

It looks like well will be seeing a warm up, and many producers still have grain in the bins.  Some with higher level moisture which may cause concern for grain condition moving forward, and with a good chance of rain throughout the remainder of the week, planting will be on hold for now.  Basis levels look good for the remainder of May and this may be an opportunity for producers to lock in a good basis level and empty some bins this week.

If you are not ready to sell many elevators are offering a free price later program including CVA, or a producer can simply use our extended price program to deliver to anywhere and stay in the market.

Corn continues its downward trend, concerns of demand are an issue.  Bird flu seems to be more bearish news on top of the negative market.  Plus we add good planting progress.  It seems there is no weather story just yet.

Beans continue to show signs of strength and despite the wave of bearish news….the demand, bird flu and Argentine strikes, the trade is not breaking despite the fundamentals.  But one this to note is the increasing inverse from July beans to November beans.  It seems new crop is already being discounted.

For Fun:

With Mother’s day just around the corner, I thought it might be best to do some research on some ideas and I found out what mothers want on Mother’s day……turns out most women don’t even want a monetary items at all.  Take a look at the many mother’s day gift ideas mom’s ask for.
“A coffee IV.” – beautythroughimperfection.com

“A self-changing diaper. Or a self-wiping tush.” – momsandcrafters.com

“For my teen to go a whole day without rolling his eyes at me. Or enough wine so I don’t notice.” – lessthanperfectparents.com

“All I want for Mother’s Day is to wake up after eight hours of uninterrupted sleep to a house with clean floors, folded laundry and an empty diaper genie! Clean toilets and a vanilla latte wouldn’t be terrible either.” – thechastainfamilyblog.blogspot.com

“A cleaning lady, and two hours out of the house alone while she’s cleaning.” – teressajane.com

“You know, what I would most like for mother’s day is a nap.” – justanotherrabidreader.info

“No one touching me for one hour. The ability to drink a cup of coffee while it is still HOT.” – kirstenoliphant.com

“Just an hour to enjoy a hot bath without the kids constantly banging on the door or asking through the space under the door “whatcha doing?” – cindyparrett.com

“Wine! Lots and lots of wine!” – myboredtoddler.com

“I always love to sleep in and to have some quiet time to read and write!”
– settingmyintention.com

“A magic wand to clean any and all messes in an instant, make the kids behave, let me sleep more, do all the laundry, do all repairs, clean the house and fetch me some tea.”
– kmstayathomelife.blogspot.com

“I would love to sleep in with breakfast waiting for me when I wake up followed by a hot, uninterrupted shower.” – burlapandbabies.com

“No fighting amongst my littles!” – Eatprayreadlove.com

“All I want for Mother’s Day is a quiet afternoon bath and a nap. I would also accept anyone cooks dinner except for me.” – ashleytriesit.com

“I can tell you what I don’t want. I don’t want cold cuts. Please don’t go to the supermarket and buy cold cuts to make me lunch as my mother’s day gift. I also don’t want you to plan a picnic in the park, again with cold cuts, and no toys for the kids to play with because you wouldn’t tell me where we were going and five years into this parenting thing you don’t know that you must bring entertainment for your 3, 4 and 5-year-old.” – realitymomblog.com

“A break from my motherly duties! For someone else to clean the house, make the meals and get everyone dressed and ready for the day! Oh, and maybe to sleep in…” – tastefultips.com

“I just want someone else to do the dishes for one day.” – beneficial-bento.com

“I want new yarn and a few hours all to myself to crochet! Or maybe nap… naps are good!”
– blackstonedesigns.blogspot.com

“I just want to go to the bathroom without being nagged at through the door.”
– thebrightsideofreality.com

“I’d love to sleep in until 10 am again. Just once!” – amomintraining.com

“I want a day without hearing any crying or whining… ah, what a dream!” – thekiwiintheclouds.com

“A day to myself to sleep in, read for fun, sit in the sun and focus on me!” – bmoorehealthy.com

“One completed home-improvement project.” – nookandcrane.com

“A day off where I get to sit and read a book.” – everydaytruth.net

“the sound of silence, naptime and the chance to pee alone.” – diydesignmom.com

“A maid service!” – katemovingforward.com

“A sick day. No illness necessary. Can redeem at a time of her choosing, no questions asked.” – groundedandsurrounded.com

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