Market Report

Markets 10/5/15 @ 10:33am

Dow +188.44
S&P +24.11
Nasdaq +45.37

Grain Markets 10/5/15 @ 10:09am

Dec Corn +1 ¾ @ $3.91
Nov Beans +7 ¼ @ $8.81 ½ 

A firmer tone at the open this am.  There will be a USDA S&D Report on October 9^th.  Harvest seems to be in full swing now, and combines are in the field.  Hearing some pretty impressive yields as well!

Quick Look: USDA Stocks report from 9/30/15

 Yield Estimates from last week:

• USDA in September estimated the corn yield at 167.5; soybeans at 47.1
• Informa’s most recent corn yield estimated at 168.4; soybean at 47.2
• FC Stone’s most recent corn yield estimated at 167.0; soybean at 46.9  

Corn: I remain optimistic on corn, with plenty of time for an opportunity to present itself sometime between now and July, storage may be the best plan for now.  If you are short on storage, we can use a buy back strategy.  If you have presold or hedged you could consider rolling to the March capturing .11 to .12 cents and putting additional money on that sale.

Beans: Weds stocks report was friendly the beans, and $9 resistance was broken following the report for the first time since August.  It’s promising to know the market is still willing to go there.

Strategy: With a small bounce in corn I am seeing a $3.40/$4.40 Triplex within reach for December ’16.
I will also add for both Corn and Beans CVA’s Grain Adviser Program is a good opportunity as well to have some bushels marketed for you.

For Fun: 

So I have wanted to buy a chicken coop and some chickens…..wife says I am nuts.  I have done countless amounts of research and even have my building plans.  Though it will probably never happen I stumbled across something unexpected?!?!?

Does your chicken need a sweater?

When the temperature drops and chickens lose feathers, many people bundle up their flocks, but others say the garments are more about fashion than function.  While there are patterns available to knit on your own, you can also buy chicken sweaters online.  I think hot coffee blew out my nose!  I must be insensitive thinking chickens are produce and not pets.  Boy was I wrong!

Greg Mockenhaupt

ProEdge Risk Management Consultant

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

1007 County Road O

Oakland, NE 68045

www.cvacoop.com