Today’s Market Report

Markets 12/14/15 @ 9:55am
Dow -45.03
S&P -6.19
Nasdaq -21.56

Outside markets – Oil dipped below $35 a barrel overnight, but slightly up this am.  The US Dollar remains strong, and is slightly up this am as well.

Oil prices tumbled 4 percent on Monday, coming close to their 11-year low, on growing fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers.

Grain Markets 12/4/15 @ 9:53am
Mar Corn +2’6 @ $3.78’0
Jan Beans +3’0 @ $8.73’6

Significant news, this morning an announcement by President Macri of Argentina regarding the elimination of export taxes on grains etc / meats along with the reduction  of 5% in the bean tax this year and further 5% reductions until the tax is eliminated.

Important Info

1. December corn contracts expire today.
2. Grain Adviser is part of my recommendedmarketing plan, sign up ends 12/15/15

Weather

Most growing areas in Argentina and Brazil saw rain, with the exception of Mato Grasso.  Argentina will see rain today and on Thursday.  Brazil is slated to see rains through most of the growing areas this week.  The 6-10 day to see more rain throughout the major growing areas.  So it doesn’t appear there will be a weather story in the near future.

Greg Mockenhaupt

ProEdge Risk Management Consultant

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

1007 County Road O

Oakland, NE 68045

www.cvacoop.com