Market Report

Grain Markets 6/15/15 10:36am

July Corn -4 @ $3.49
Dec Corn -4 ½ @ $3.65
July Beans Even @ $9.40
Nov Beans -2 ¼ @ $9.02

Corn & Soybeans

As we start the week, weather remains favorable, USD is up, crude is down and grain is searching for new contract lows this morning, Dec Corn previous low at $3.65, this morning touching 3.64 ¼ and the contract low for Nov beans was $8.96 ¾ this morning going down to $8.95 ¾.  A close below previous contract lows could send the market further and provide incentives for additional shorts to enter the market.  A favorable bounce last week in grain, likely cause by weakness in the USD made for a great selling opportunity for those utilizing offers.  Moving forward the bears again take the reins.  USDA Report June 30^th may be a market mover.

Political

The Pentagon is seeking approval for a plan to put tanks and other heavy weaponry into European countries on the border with Russia. It’s an effort to counter what has become Russia’s increasingly aggressive posture in the region.  Enough for a brigade of about 3000-4000 soldiers, some are saying this violates a 1997 cooperation agreement that NATO, however this agreement was to prevent aggressive nationalism.  That said Russia seems to have already broken the agreement.  None the less Russia may see this as a threat.  Political issues often times affect grain pricing, and conflict with Russia seems significant.  To hear more, listen at Nebraska Public Radio http://www.npr.org/player/v2/mediaPlayer.html?action=1&t=1&islist=false&id=414374840&m=414374841

For Fun

With Father’s Day around the corner many of us look forward to a day of tinkering around the shop, grilling up some meat, camping, or taking out the toy car or motorcycle for a spin!  With many different folks out there, this could be your first Father’s Day, the one where you spend a good portion of the day with your new baby on your lap, or the toddler stage, when the zoo seems like a great way to spend the day.  I am currently in the teen years, it gets to be a lot of fun when the kids want to do some of the things you want to do.  Of course then Father’s Day is when the kids come back home, and someday bring the grandkids along.

Depending on your stage in life your family determines a good Father’s Day gift.  But no matter the stage you are in, I found the perfect gift…..one you would never buy yourself….but will no doubt make you smile when you open it.  It’s the gift of Bacon…..who knew!  These gift sets are unique and cracked me up.  I said to myself is this real?  Well it should be!

http://www.sayitwithbacon.com/

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