Market Report

June 16, 2015 Leave a comment


Grain Markets 6/15/15 10:36am

July Corn -4 @ $3.49
Dec Corn -4 ½ @ $3.65
July Beans Even @ $9.40
Nov Beans -2 ¼ @ $9.02

 

Corn & Soybeans

As we start the week, weather remains favorable, USD is up, crude is down and grain is searching for new contract lows this morning, Dec Corn previous low at $3.65, this morning touching 3.64 ¼ and the contract low for Nov beans was $8.96 ¾ this morning going down to $8.95 ¾.  A close below previous contract lows could send the market further and provide incentives for additional shorts to enter the market.  A favorable bounce last week in grain, likely cause by weakness in the USD made for a great selling opportunity for those utilizing offers.  Moving forward the bears again take the reins.  USDA Report June 30th may be a market mover.

 

Political

The Pentagon is seeking approval for a plan to put tanks and other heavy weaponry into European countries on the border with Russia. It’s an effort to counter what has become Russia’s increasingly aggressive posture in the region.  Enough for a brigade of about 3000-4000 soldiers, some are saying this violates a 1997 cooperation agreement that NATO, however this agreement was to prevent aggressive nationalism.  That said Russia seems to have already broken the agreement.  None the less Russia may see this as a threat.  Political issues often times affect grain pricing, and conflict with Russia seems significant.  To hear more, listen at Nebraska Public Radio http://www.npr.org/player/v2/mediaPlayer.html?action=1&t=1&islist=false&id=414374840&m=414374841

 

For Fun

With Father’s Day around the corner many of us look forward to a day of tinkering around the shop, grilling up some meat, camping, or taking out the toy car or motorcycle for a spin!  With many different folks out there, this could be your first Father’s Day, the one where you spend a good portion of the day with your new baby on your lap, or the toddler stage, when the zoo seems like a great way to spend the day.  I am currently in the teen years, it gets to be a lot of fun when the kids want to do some of the things you want to do.  Of course then Father’s Day is when the kids come back home, and someday bring the grandkids along.

 

Depending on your stage in life your family determines a good Father’s Day gift.  But no matter the stage you are in, I found the perfect gift…..one you would never buy yourself….but will no doubt make you smile when you open it.  It’s the gift of Bacon…..who knew!  These gift sets are unique and cracked me up.  I said to myself is this real?  Well it should be!

http://www.sayitwithbacon.com/

image002

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

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Market Report

June 8, 2015 Leave a comment


Markets 6/8/15 9:28am

Dow -22.06
S&P -4.35

Nasdaq -17.24

 

Employers added 280,000 jobs in May, according to the latest job report provided by the Bureau of Labor Statistic on Friday morning. Economists were forecasting 225,000 jobs. The unemployment rate, which is drawn from a different survey, came in at 5.5% up slightly from 5.4% in April.

 

Grain Markets 6/8/15 9:28am

July Corn +3 ¼ @ 3.63 ¾

Dec Corn + 3 ¼ @3.81 ¼

July Beans +8 ¼ @ 9.46

Nov Beans + 6 ½ @ 9.20 ¾

 

As we follow the money the U.S Dollar is weaker this morning, Crude is down, and grains continue to see strength.

 

Corn – Anxiously awaiting the crop condition report later this afternoon.  It seems soil moisture is good and weather turns warmer moving forward.  Favorable weather looking forward  is not fundamentally favorable for corn.  Corns negativity over the past couple of weeks has reversed, but back into the range bound range talked about late April/early May.  The good news is on June 3rd we clearly broke the down trend with respect to the “trend line” hopefully this will keep corn steady for a while, we can always hope for a rally as well.

image004

Beans

Bean Planting continues nearing 80%, heavy moisture in Missouri, Iowa, and portions of Nebraska and Kansas could cause some talk of preventative plant acres which remains to be seen.

 

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 any 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

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Market Report

June 1, 2015 Leave a comment


Market Update:

6/1/15 12:05pm

July Corn +3/4 @ 3.52 ¼

July Beans -5 ¾ @ 9.28 ½

 

The Bears Have the Upper Hand.

It seems negativity in the market has become the norm, as many of us wait for the “summer rally” even just a bit of bullish news, or a weather scare to provide a selling opportunity.  Unfortunately the bears continue to win the battle and push grain prices even lower, as there are clearly more sellers than buyers.  The ’14 summer time rally was caused by the funds coming into commodities with a net long position.  The story is the opposite for this summer with the funds currently holding a significant short position in grains.  As many say “The trend is your friend.”  The funds continue to add to their short position as the market trends down.  As long as this strategy continues to make money, it is likely to see this trend to continue, in fact nearly 23,000 new shorts entered the market just last week.  Short lived rallies are possible in a bear market, usually in the form of short covering.

Planting progress continues to remains on track.  Traders are keeping an eye on this afternoon’s crop progress report likely showing around 90% for corn and 71% planted for beans which is right at the five year average.  Rain amounts have been plentiful and Midwest temps have been cool.

Fundamentally we keep circling back to the amount of grain, carryout, South American crop, and good conditions throughout the Midwest.  There seems to be a lack of Bullish news.  What would it take to cause a market bounce, or better yet a market turn around?  It seems the news would have to be very substantial.  Developing a marketing plan and the discipline to execute that plan is going to be important to the overall success of most operations this year.

’15 Dec Corn

’15 Dec Corn

Looking back, December corn made 3 new contract lows in the month of May and starting of the month of June with a new contract low of $3.65.  As long as we continue to make new lows in search of solid support, we will continue the trend.  For December $3.50 is a mental line for some, and it is possible to find some support at that level at least for a while.

’15 Nov Beans

’15 Nov Beans

Beans continue to drive downward at a pace that hard to keep up with.  Making new contract lows literally twice a week in the November contract, and again to start of the month of June with a new contract low of $8.96 ¾ the market doesn’t seem too afraid to go down.  Especially with the $9.00 barrier officially now broken and beans now trading in 8’s, I am concerned that come harvest time $9.00 will be just a dream that hopeful producers will be waiting for.  I hope I am wrong and we rally back to ’14 harvest prices, but the trend is currently telling us otherwise.  With 84 million acres almost planted and Brazil increasing their acreage in 2015/16 for the 9th consecutive year, the news remains bearish.

 

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 any 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

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Market Prices

May 28, 2015 Leave a comment


5/25/15 9:32am

July Corn +2 ½ @ 3.51 ¾

Dec Corn +1 ¾ @ 3.68 ½

 

July Beans +2 ½ @ 9.29 1/2

Nov Beans -1 @9.05 ½

 

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

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Market Report

May 18, 2015 Leave a comment


Market

5/18/15  9:43am
Dow -5.14
S&P +.20
Nasdaq +.07

U.S. stocks edged higher this morning, sending the Dow Jones Industrial Average into record territory.

The Dow industrials shortly after the opening bell, surpassing its record close of 18288.63 reached in early March.  Read more from the Wall Street Journal http://www.wsj.com/articles/u-s-stock-futures-edge-lower-1431951610

Deere shed 1.6% in premarket trade Friday, after J.P. Morgan downgraded the company to its lowest underweight rating, citing concerns that the farm-equipment market could remain under pressure for the foreseeable future

 

Grain Market

5/18/15 9:44am
Corn + 2 ½ @ $3.68
Beans +3 @ $9.56 ¼ 

Corn: USDA planting progress is looking good for corn and the trade is expecting 90% planted which is ahead of schedule traditionally.  With the holiday weekend coming up, many traders look to settle up prior to the weekend, many believe there is simply too much weather risk to hold.  With the positions primarily short, it seems a short covering rally might be a real possibility this week.  This may be an opportunity for producers to lock in a sale on some unsold grain.  Keep one eye on the market as we approach the weekend especially on corn.

Keep in mind as the market moves up, basis can be negatively impacted.  It is possible the basis could adjust downward in the event of a rally.

 

Beans: USDA planting progress is still ahead of schedule for beans despite rains throughout the Midwest.  The trade is looking for 45% planted this week.  Still early enough in the game we are not likely to see any risk premiums yet.  NOPA Crush report said April crush totaled 150.36 million bushels, coming in above the 147.83 million expectation.

 

Bird Flu: Time Magazine states Over 33 million birds in 16 states have now been affected by the pathogen

Governor Pete Ricketts ordered a state of emergency Thursday after Nebraska’s Department of Agriculture confirmed the highly contagious H5N2 avian flu virus had infected a second farm.

The declaration opens up emergency funding in the hopes it can help contain the pathogen that now threatens what is, according to local officials, a $1.1 billion poultry industry in Nebraska.  More can be read here http://time.com/3859770/nebraska-bird-flu-state-of-emergency/

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 any 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

Filed under News Tagged with , ,

Market Report

May 11, 2015 Leave a comment


Market

5/11/15 @ 10:03am
Dow -31.49
S&P -3.60
Nasdaq -3.51

U.S. stocks are down some today, pausing one session after the Dow posted its biggest one-day gain in more than three months. The modest moves followed a surge in stocks on Friday, after the government’s employment report for April indicated the economy was pulling out of its first-quarter slump.  Employers added 223,000 jobs in April.

 

Grain Market

5/11/15 @ 10:03am
Corn -1 ½ @ $3.61 ½
Beans Even @ $9.76

Reports: EXPORT INSPECTIONS @ 10 AM, CROP PROGRESS @ 3 PM; MAY USDA S&D REPORT TOMORROW @ 11 AM

 

Corn: Range-bound grain markets on Friday and again overnight, with the trade anticipating market-moving numbers today after crop progress report with many thinking 70-75% corn planted, but then attention shifts towards tomorrows USDA “Supply & Demand” report.  Where the bears are anticipating a bump in new crop ending stocks through increased yield expectations and demand reduction.

 

Soybeans: The Chinese government is again boosting economic stimulus by further reducing interest rates which is positive for beans.  Keeping on track, with the crop progress report today, many traders are thinking today’s crop progress data will show U.S producers 25-30% planted and well ahead of their historical pace.

 

Bird-Flu – According to the New York Times, Iowa agriculture officials said on Friday that bird flu would claim an additional four million egg-laying chickens on two more farms in a county already hit by the disease. Officials are waiting for preliminary tests on two farms in Wright County to be confirmed. The county reported earlier that a farm with 2.8 million chickens was affected. Iowa’s chicken loss is approaching 25 million, more than 40 percent of the state’s egg-laying flock.  You can read more here: http://www.nytimes.com/2015/05/09/business/iowa-says-4-million-more-chickens-have-bird-flu.html?_r=0

 

News:  From DTN, Iowa, Nebraska: Bankruptcies Ramp Up

Read here: http://agfax.com/2015/05/05/iowa-nebraska-farm-finance-ice-beginning-to-crack/#sthash.RDsXVqiq.dpuf

 

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 any 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

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Market Report

May 5, 2015 Leave a comment


Markets
5/5/15 @ 9.31am
Dow -21.79
S&P 500 -6.85
Nasdaq -42.49

U.S. stocks fell on this morning, pulling back after the S&P 500 notched its biggest two-day advance in more than a month.

This U.S Dollar continues some weakness, and oil finds some strength this morning.

Grain Markets
5/5/15 @ 9:32am
July Corn -3 ½ @ 3.57 ¾
Dec Corn -3 ¼ @ 3.74 ½
July Beans +5 ¼ @ 9.88 ¼
Nov Beans + ¾ @ 9.49 ¾

 

Planting progress came out yesterday at 3pm

Mondays planting progress report numbers showed 55% of the U.S corn crop now planted vs 28% this time last year and 13% of the total soybean crop now in the ground compared to 5% last year this time.  Nebraska is at 57% compared to 42% last year for corn, and 12% as compared to last year’s 10% for beans

It looks like well will be seeing a warm up, and many producers still have grain in the bins.  Some with higher level moisture which may cause concern for grain condition moving forward, and with a good chance of rain throughout the remainder of the week, planting will be on hold for now.  Basis levels look good for the remainder of May and this may be an opportunity for producers to lock in a good basis level and empty some bins this week.

If you are not ready to sell many elevators are offering a free price later program including CVA, or a producer can simply use our extended price program to deliver to anywhere and stay in the market.

Corn continues its downward trend, concerns of demand are an issue.  Bird flu seems to be more bearish news on top of the negative market.  Plus we add good planting progress.  It seems there is no weather story just yet.

Beans continue to show signs of strength and despite the wave of bearish news….the demand, bird flu and Argentine strikes, the trade is not breaking despite the fundamentals.  But one this to note is the increasing inverse from July beans to November beans.  It seems new crop is already being discounted.

 

For Fun:

With Mother’s day just around the corner, I thought it might be best to do some research on some ideas and I found out what mothers want on Mother’s day……turns out most women don’t even want a monetary items at all.  Take a look at the many mother’s day gift ideas mom’s ask for.
“A coffee IV.” – beautythroughimperfection.com

“A self-changing diaper. Or a self-wiping tush.” – momsandcrafters.com

“For my teen to go a whole day without rolling his eyes at me. Or enough wine so I don’t notice.” – lessthanperfectparents.com

“All I want for Mother’s Day is to wake up after eight hours of uninterrupted sleep to a house with clean floors, folded laundry and an empty diaper genie! Clean toilets and a vanilla latte wouldn’t be terrible either.” – thechastainfamilyblog.blogspot.com

“A cleaning lady, and two hours out of the house alone while she’s cleaning.” – teressajane.com

“You know, what I would most like for mother’s day is a nap.” – justanotherrabidreader.info

“No one touching me for one hour. The ability to drink a cup of coffee while it is still HOT.” – kirstenoliphant.com

“Just an hour to enjoy a hot bath without the kids constantly banging on the door or asking through the space under the door “whatcha doing?” – cindyparrett.com

“Wine! Lots and lots of wine!” – myboredtoddler.com

“I always love to sleep in and to have some quiet time to read and write!”
– settingmyintention.com

“A magic wand to clean any and all messes in an instant, make the kids behave, let me sleep more, do all the laundry, do all repairs, clean the house and fetch me some tea.”
– kmstayathomelife.blogspot.com

“I would love to sleep in with breakfast waiting for me when I wake up followed by a hot, uninterrupted shower.” – burlapandbabies.com

“No fighting amongst my littles!” – Eatprayreadlove.com

“All I want for Mother’s Day is a quiet afternoon bath and a nap. I would also accept anyone cooks dinner except for me.” – ashleytriesit.com

“I can tell you what I don’t want. I don’t want cold cuts. Please don’t go to the supermarket and buy cold cuts to make me lunch as my mother’s day gift. I also don’t want you to plan a picnic in the park, again with cold cuts, and no toys for the kids to play with because you wouldn’t tell me where we were going and five years into this parenting thing you don’t know that you must bring entertainment for your 3, 4 and 5-year-old.” – realitymomblog.com

“A break from my motherly duties! For someone else to clean the house, make the meals and get everyone dressed and ready for the day! Oh, and maybe to sleep in…” – tastefultips.com

“I just want someone else to do the dishes for one day.” – beneficial-bento.com

“I want new yarn and a few hours all to myself to crochet! Or maybe nap… naps are good!”
– blackstonedesigns.blogspot.com

“I just want to go to the bathroom without being nagged at through the door.”
– thebrightsideofreality.com

“I’d love to sleep in until 10 am again. Just once!” – amomintraining.com

“I want a day without hearing any crying or whining… ah, what a dream!” – thekiwiintheclouds.com

“A day to myself to sleep in, read for fun, sit in the sun and focus on me!” – bmoorehealthy.com

“One completed home-improvement project.” – nookandcrane.com

“A day off where I get to sit and read a book.” – everydaytruth.net

“the sound of silence, naptime and the chance to pee alone.” – diydesignmom.com

“A maid service!” – katemovingforward.com

“A sick day. No illness necessary. Can redeem at a time of her choosing, no questions asked.” – groundedandsurrounded.com

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 any 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

Filed under News Tagged with , , , ,

Market Report

April 27, 2015 Leave a comment


Markets

4/27/15 @ 9.35am
Dow +69.40
S&P +6.68
Nasdaq +23.30

U.S. Stocks opened high again this morning pushing the Nasdaq and S&P yet further into record territory. The Dow rising 51 points. Despite many bears talking of the end of the rally, it continues to trend higher yet. It seems the old bull is not yet ready to die.

Grain Markets

4/27/15 @ 9:36am
Corn-1 ¾ @ 3.62 ¾
Beans +6 ¾ @ 9.76 ½

Weather: Colder weather shifts north as the jet stream lifts northward and warming up the Midwest into the upper 70’s and 80’s. East Hub area starting in the low 70’s today and steadily working up to the 80’s by Friday. First chance of rain comes on Friday evening with only a 20% chance. Also a 50% of thunderstorms on Saturday evening.

Corn: Corn trades down to lows not seen in 6 months, breaking through resistance of $3.75, a low set on March 18th, 2015. The next major support line of $3.60 may be the stopping point for this negativity. It seem planting has been progressing well, and the weather forecast looks promising for planting. As I drive the country side it seems most farmers are progressing nicely in the fields, which should keep a lid on any potential rallies. Planting progress report comes out this afternoon and the trade is looking for close to 25%. Some demand concerns exist with the spreading of the bird flu virus, and some back pedaling from China regarding U.S DDG imports. However, as mentioned last week, the funds are holding a short position, which may provide some upside as a short covering rally. Problem is that we don’t know where this rally starts from……it seems to be headed towards $3.60 and the funds are continuing to add short positions. Any rallies are likely to be cause by a short covering.

Beans: There’s also still some rumblings about the trucker strike in Brazil and more talk of a potential strike in Argentina by the end of the week. Brazilian truckers upheld their strike into the end of last week, but participation continued to wane overall—the number of highway blockages were reduced from 17 to 11 on Friday. The problem is global soy supplies are building and there is continued talk that if weather cooperates, we could see U.S. ending stocks push above 500 million bushels.

For Fun
Summer Jobs!
Tis the summer season as parents of teenagers begin talking about summer jobs. Talks of de-tasseling corn, working construction, making pizzas, and even hiring “close up” folks to paint the house. This is the proving grounds for the real world…..How work ethic is established. These jobs can be tough, but this is motivation for these kids to aspire to become something great. Learn what it means to love what you do, or even HATE IT! But at least feel a sense of accomplishment when finished. To learn a new skill, or why corn needs a tassel removed. But most importantly feel what it’s like to experience the fruits of your labor. To save some money for the car they have been dreaming of, spend a little on their longtime girlfriend of 2 months, and donate some of it to a charity they believe in. This is the experience that makes the boy a man (or the girl a woman).

De-tasseling corn is hot, sweaty, tough work for a teen. My oldest son is ready to go, he wants to make some cash, despite the horror stories he has been told. So here are 5 things students say they love and 5 things students hate:

Love:
1. Looking good! Getting a tan and muscle tone
2. Wildlife
3. Making big bucks, including the bonus at the end!
4. Making friends
5. Learning lifelong values (former de-tassel’rs have stories)

Hate:
1. Mud, corn rash, humidity
2. Wet and cold in the am, hot and humid afternoon
3. Bugs/Aphids (feel like they are on you)
4. Waking up early and wear and tear on body
5. Wet shoes and socks (losing a shoe)
Read in detail here: http://www.agriculture.com/crops/corn/detasseling-5-things-to-love-5-we-hate_136-sl44305

Greg Mockenhaupt
ProEdge Risk Management Consultant
P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

cid:AF73B925-5CA2-4B76-ACA6-9431CFD66514

1007 County Road O
Oakland, NE 68045
http://www.cvacoop.com

Filed under News Tagged with , ,

Market Report

April 20, 2015 Leave a comment


Markets

4/20/14 @ 9:48am
Dow +226.02
S&P +20.93
Nasdaq +52.82

Markets bounce back after sharp decline last week, as China steps to stimulate its slowing economy.  The second industry-wide cut in two months, China’s central bank on Sunday reduced the amount of cash that banks must hold as reserves in a move to help spur bank lending and combat slowing growth, which could free up additional funds to be loaned by bankers.

 

Grain Markets

4/20/15 @ 9:46am
May Corn -2 @ 3.77 ¼
May Beans +11 @ 9.80 ¼

A nice rally seen over night, but corn remains capped, while beans have seen a nice bounce, holding near the high of the day.  Planting progress report expected today at 3pm.

Weather: Rain through much of the Midwest over the weekend, with an expected cool down early this week, with below-normal temps over the next 10+ days.

 

Corn:  Corn remaining very steady at -2, it seems there are very few bearish cards left to play at this point, yet the concern for lower prices remains.  However, just one bullish card played might just give us an opportunity to make a sale.  The same might be said for a weather scare.   A sound strategy for producers looking to empty bins is an extended price strategy (sell the cash/re-own the board).  This allows the producer to empty bins, set basis, but remain open on the futures price.  Thus participating in market movements and participating in a potential rally.

 

Soybeans: Argument still remains the same, Bulls talking of strong demand, and bears talking of oversupply.  The strong U.S. Dollar is still a variable for exports.  One consideration is that the hedge funds are holding a record short position, a short covering rally may be in the cards, and having offers in place will be key to taking advantage of this opportunity.  I am also a big fan of the Triplex contract for protecting some longer term downside risk on beans.

 

For Fun:

I received an email from a co-worker this morning illustrating something I have NEVER seen.  It inspired me to learn more about artist Dalton Ghetti’s tiny sculptures carved out of the fragile tips of pencils.  Yeah that right…. A pencil!  From a miniature bust of Elvis Presley wearing shades to tiny hammers and old boots, his work is mind boggling. Check it out in our gallery below, and get ready to be amazed by this unbelievable:

http://www.daltonmghetti.com/shop.asp

image001 image002 image003

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

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Market Report

April 13, 2015 Leave a comment


Market News

Dow +3.21
S&P -.05
Nasdaq +16.35

Crude remains below $52 a barrel but the US Dollar jumped over 100 again this morning and grain is feeling it. With a lot of short positions in the dollar a short covering rally could potentially push it even higher.

U.S. stocks rose slightly on this morning, continuing to advance after two consecutive weeks of gains. The Dow Jones Industrial Average climbed 32 points, or 0.2%, to 18090 and the S&P 500 index gained 3.4 points, or 0.2%, to 2105.  The Nasdaq Composite rose 22 points, or 0.4%, to 5018, climbing back above 5000 for the first time in nearly three weeks.

Apple Watch: As an Apple fan, the watch has me intrigued, and the release to pre-order was last week.  According to USA Today, Nearly 1 million people placed an order for an Apple Watch on the first day it was available, with most going for the cheapest model, a shopping research firm estimated.

Slice Intelligence said e-receipt data from 9,080 online shoppers indicate 957,000 people in the U.S. pre-ordered the smartwatch on Friday. On average, they ordered more than 1 watch (1.3), spending an average $503.83 a watch. An estimated 62% purchased the less-expensive Sport model.  More including a video here: http://www.usatoday.com/story/tech/2015/04/13/apple-watch-pre-orders-estimate/25696385/

Grain Markets:

Markets 11:18am
Corn -4 @ 3.73
Beans -2 @ 9.49 ½

The market opened this morning with a negative tone, with corn down and beans slightly up but moving quickly into negative territory.  KC Wheat is taking a pounding this morning down 27.  Continued strength in the U.S. Dollar could potentially reduce export demand significantly, especially as other countries’ currencies decline.

Corn: Corn feeling the pressure from wheat, corn trade seems a bit more uncertain lately with lack of news.  The bulls waiting for weather news and the bears talking of a good supply.  The only real news was the last USDA report which recently raised global ending stocks by 3.2 million metric tons.  It’s also a consideration that many farmers still have a substantial amount of crop still in the bin waiting for an opportunity to cash in on a rally.  The funds continue to add short positions driving down corn, however, at some point these shorts will have to cover and cause a short covering rally.  This could be an opportunity for area producers.  Finally, the first USDA planting progress report will be today at 3:00pm.

Beans: Beans may be finding some support from oil this morning, but grain remain soft.  Last week beans fell over .30 and the speculators are short.  The bearish attitude comes from strength in the dollar threatening future exports, meals prices under pressure and crush margins being down.  The market tone on beans remains negative for now.  Many keep an eye on South American harvest with Brazil nearing the end at 85%, and Argentina talking about record yields in areas now 25% harvested.

For Fun:

Dangerous Toys

Jarts Lawn Darts – I remember as a kid chucking these aerodynamic darts with metal tips and watching the soar into the sky trying to put them into the circle on the ground….you know….the one the other team is standing right next to!  As one of my buddy’s notices its coming right at him and dives out of the way laughing at the near miss as the dart “thumps” sticking into the ground 2 feet away.  It’s not like I was a little guy, and my big looping under armed throws were not exactly coordinated, and that dart would fly 30 feet straight up in the air sometimes even landing behind me, come on guys, how high can you get it!  Banned!  What the heck is wrong with people!  I am still alive…..  Looking back what the heck was wrong with us, our parents didn’t seem worried.  But as a parent, I now have visions of dart poked into my kid’s brain because he took a lawn dart to the head and would never dream of buying a set.

Creepy Crawlers – Goo that you put into a small oven to make plastic bugs, basically napalm. Let’s dream up a toy for children, shall we? Let’s start with plastic goop the consistency of syrup and add an electric-powered mold that heats to 300 degrees.  Giving off potentially deadly fumes right at the dining room table!  I loved this thing!  The goop never lasted long enough and the burn blisters hurt, but I knew it was hot, and knew I could burn myself.  Which is key to teaching kids to use some common sense….since everything in this world is not safe.  I actually found one of these things for my kids and we had blast making our own bugs. (The girl’s version – Easy Bake Oven)

Slip N Slide – A 16 foot sheet of plastic with an inflatable stop at the end, turns out larger folks (adults, teens) have a little more momentum and the abrupt stop at the end caused permanent spine injuries for some.  I have found by arching your back you simply sail right over the stop and onto the grass.  You got to plan these things out….I still love our slip n slide.

WARNING – These toys are dangerous, follow all instructions provided by manufacturer and do not try this at home.  The above was done by a trained professional.

 

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

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