Market Report
June 22, 2015 Leave a comment
Markets 11:59am
Dow +104.76
S&P +13.98
Nasdaq +34.48
U.S. stocks advanced into positive territory today, lifted by gains in health-care and financial shares as well as optimism that Greece will eventually reach a bailout deal with its creditors.
Grain Markets 11:59am
July Corn +5 @ 3.58 ¼
Dec Corn +3 ¾ @ 3.72 ½
July Beans +16 ¾ @ 9.88 ¼
Nov Beans +17 @ 9.56 ¾
Very refreshed after seeing some good strength in grains last week, Friday provided a bit of negativity as people took some profits for the weekend. This morning we opened a bit weak for corn this morning but eventually joined the beans in positive territory after 10am. Most impressive is the 17 cent rally we are seeing yet again today in beans, giving farmers more opportunity to make a sale if need be. Funds are currently net sellers in corn, and covering shorts in the beans.
Corn – USDA report today, last week crop condition dropped 74% good to excellent down 1% to 73%. We may see this yet again. Might give us a bit more strength in corn for the near term.
Beans – USDA report today, look to see 90% planted, with some planting delay, talks once again of Argentine Strikes, and political uncertainty in Argentina, we may continue to see some strength for a bit as short covering continues. Resistance lines may still be difficult to break to get major movement.
Greg Mockenhaupt
ProEdge Risk Management Consultant
P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com
1007 County Road O
Oakland, NE 68045
Kat Country Hub 
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