Grain Market Report

Markets 9/15/14 10:00am

Corn +2 ¼ at 3.40 ¾

Beans +2 ½ at 9.87 ¾

The market has been testing the upside all morning, finally going into the “green” and staying there.  Interesting, given the bearish news in Thursday’s USDA report and the lack of frost damage over the weekend, the primary support appears to be demand related.

The bulls hoping to wake up this morning with frost threat Friday/Sat have been disappointed.    Most of significant freeze was limited to western North Dakota and far northern Minnesota.  IT appears most areas saw more of a soft frost with limited damage to yield potential.

China continues to purchase new crop beans.   Thus creating demand to keep prices supported at current levels.

Next week appears to warmer and dry in most areas, moving harvest that much closer.

Risk Disclosure – The risk of loss in trading commodities can be substantial and past performance is not necessarily indicative of future results.  Therefore, you should carefully consider whether such trading is suitable for you or your organization in light of your financial condition.  Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples.  Neither the information, nor the opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts.

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

www.cvacoop.com