Market Report

Markets 6/8/15 9:28am

Dow -22.06
S&P -4.35

Nasdaq -17.24

Employers added 280,000 jobs in May, according to the latest job report provided by the Bureau of Labor Statistic on Friday morning. Economists were forecasting 225,000 jobs. The unemployment rate, which is drawn from a different survey, came in at 5.5% up slightly from 5.4% in April.

Grain Markets 6/8/15 9:28am

July Corn +3 ¼ @ 3.63 ¾

Dec Corn + 3 ¼ @3.81 ¼

July Beans +8 ¼ @ 9.46

Nov Beans + 6 ½ @ 9.20 ¾

As we follow the money the U.S Dollar is weaker this morning, Crude is down, and grains continue to see strength.

Corn – Anxiously awaiting the crop condition report later this afternoon.  It seems soil moisture is good and weather turns warmer moving forward.  Favorable weather looking forward  is not fundamentally favorable for corn.  Corns negativity over the past couple of weeks has reversed, but back into the range bound range talked about late April/early May.  The good news is on June 3^rd we clearly broke the down trend with respect to the “trend line” hopefully this will keep corn steady for a while, we can always hope for a rally as well.

Beans

Bean Planting continues nearing 80%, heavy moisture in Missouri, Iowa, and portions of Nebraska and Kansas could cause some talk of preventative plant acres which remains to be seen.

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