Market Report


Blog/Radio:

Some key considerations prior to crop insurance renewal can be found in my blog here:

http://www.cvacoop.com/blog/crop-insurance-around-the-corner/

 

Also for fun I have attached the radio spot I did on crop insurance with Chad Moyer, in case you are interested in giving it a listen.

 

Markets:

@10:20am

Dow +39.07

S&P +8.17

Nasdaq +10.54

U.S. stocks rebounded today, but gains were muted as investors awaited in the coming days comments from the European Central Bank and the Federal Reserve.  The Dow Jones Industrial Average surpassing 17,000 this am.

Metals prices have been on a roll, but some wonder how long it can last.  Since mid-January, the price of copper is up 13.5%, while zinc has jumped about 25% and iron ore has soared 57%. Analysts cite a number of reasons for the rise, from an improving Chinese property market to a sense that metals were oversold in 2015.

April Oil Future continue to re-bound reaching as high as $38.04 this morning.  Thus looking more promising for ethanol and bio margins.

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Grain Markets:

@11:11am

May Corn -0’4 @ 3.60’0

May Beans -1’4 @ 8.83’0

 

USDA Supply & Demand report came out today at 11:00am, showing corn unchanged and beans with an additional 10 mil carryout.  Neutral information and the reaction was uneventful.

image008

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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