Grain Market Report

Grain Markets 9/29/15 @ 10:24am

Corn +1 ½ @ 388 ¼

Beans + 4 ¾ @ 8.81 ½

Global markets rallied Friday after Fed Janet Yellen laid out plans to increase rates by years end, but the rally was short lived.  Global stock fall this morning due to concerns of China’s economy, Dow, S&P, Stoxx Europe 600, Asia’s Nikkei 225 all fell this morning.  Shares in commodities giant Glencore sank over 20% as they suffer from a slump in commodities.

Apparently another Government “shut down” is looming as of October 1^st, 2015.  With Speaker of the House John Boehner’s resignation from congress, he agreed to stay until the end of October to assist with passing a bill to prevent shut down.

This afternoon weekly crop conditions and harvest progress will be updated, I am anxious to see as more producers begin harvest.  This Wednesday is the USDA Quarterly Stocks report, in the event of a market reaction it is wise to have nearby cash offers, and new crop HTA offers in place to capitalize.

For Fun

A Lunar Eclipse last night for all to see!  Last night was the first full lunar eclipse I have ever seen.  A blood red moon, and it happened to be a super moon, something very rare!

lunar eclipses occur when Earth’s shadow blocks the sun’s light, which otherwise reflects off the moon. There are three types — total, partial and penumbral — with the most dramatic being a total lunar eclipse, in which Earth’s shadow completely covers the moon.  A lunar eclipse can on occur when the moon is full.  A total lunar eclipse can happen only when the Sun, Earth, and Moon are perfectly lined up.  Anything less than perfection creates only a partial eclipse or nothing at all.

My family and I decided to head out into the country last night to watch the eclipse.  A peaceful quiet evening, a chance to talk with my family about whatever, but many good questions about science in general and the eclipse.  The only thing that would have made it better would have been a telescope.

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045