Grain Market Report

With harvest underway, I want to say thank you for your business, and be careful.  I have also put together a brief email for markets this week containing important relevant info, as I know time is limited.  (Clients receive newsletter and recommendations)

Grain Markets – It was exciting this morning when beans rallied above $9.00 actually posting a $9.04.  A close above $9.02 would give us enough momentum to continue upwards.  I will also add the East Hub and area CVA elevators have has a 2 cent basis improvement on beans.  This was a bit of a surprise to me and expect it to be short lived, given so many elevators are already full.  Corn remains fairly range bound on the day.  USDA planting progress report is out today (due to Columbus Day).

9:32am

Corn even $3.81

Beans +13’6 @ 9.01’2

Weather – looks good for harvest!

Greg Mockenhaupt

ProEdge Risk Management Consultant

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

1007 County Road O

Oakland, NE 68045