Market Report


Markets 11:56am 12/28/15

Dow -86.91

S&P -11.93

Nasdaq -31.41

 

Macro – After a pre-holiday jump, crude prices are down over $1 to sub $37/barrel. The dollar is unchanged to start the week.

 

Grain markets 11:55am 12/28/15

March Corn -3’4 @ 3.60’0
Jan Beans -9’4 @ 8.65’6

Mar Beans -11’0 @ 8.62’0

 

Grain had low volume overnight and lower to start the day on improving rain in dry areas of N Brazil, and less rain in the wettest areas of southern brazil.

 

Basis improvements have been posted around the area this week, I suspect we will see basis improvements if the board continues to remain low.

 

Export inspections out this morning has corn at 22.5 mbu (22-27 exp); beans at 51.5 (48-59 exp) and wheat at 11.2 (10-15 exp).

 

March 2016 corn futures closed at $3.64 ½ on Thursday, the lowest settlement price for the life of the contract.

 

First notice day on Jan beans is Thursday. 

 

 

Weather

Weather problems across the US to start the week out.  Southern tornadoes, flooding in much of the corn belt, and snow in the rest.

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Greg Mockenhaupt

ProEdge Risk Management Consultant

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

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

About katcountryhub
I am a graduate of Northeast Community College with a degree in journalism. I am married to Jeff Gilliland. We have two grown children, Justin and Whitney and four grandchildren, Grayce, Grayhm, Charli and Penelope. I will be covering Lyons, Decatur, Bancroft and Rosalie and am hoping to expand my horizons as time progresses!

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