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

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Market Report

March 23, 2015 Leave a comment


It’s CRAZY MONDAY!!! Why? The market is up and we all want to know why.  It’s great to see the board come back after such a negative week last week.

 

Market:

Oil is down, the US dollar is down, supportive to grain.

 

3/23/15 11:18am

DJ +30.20

S&P +1.63

Nasdaq -6.50

 

Radio Shack’s bankruptcy auction kicks off today, liquidating the companies remaining assets.  If you said “What? Radio Shack is closing” well that explains it all, if you walk into your neighborhood Radio Shack it will look empty, or be closed.  Even shelves, displays, everything is being sold.  However select stores will remain open and be co-branded with Sprint to keep offering Sprint wireless services.  Read more here http://www.wsj.com/articles/radioshacks-future-to-be-decided-at-bankruptcy-auction-1427057225

 

 

Grain Markets –

3/23/15 11:31am

May Corn +5 ½ @ 3.90 ½

May Beans +14 ½ @ 9.88 ½

 

Looking forward, many folks are preparing to the USDA  quarterly stock report and perspective planting data scheduled for March 31st.  It seems the biggest unknown is US planted corn acres.

 

Informa sent out some numbers last week, lowering both corn and bean estimates:

 

  • Corn: 88.5 million acres, down 75 thousand from January
    ·Soybeans: 87.5 million acres, down 547 thousand from January
    · Grain Sorghum: 8.2 million acres, up 601 thousand from January
    · All Wheat: 56.0 million acres, up 1.1 million from January
    · All Cotton: 9.6 million acres, down 210 thousand from January

 

Corn:  Corn broke $3.79 ½ resistance on Monday last week and really set the negative tone driving the market down to $3.67, before a key reversal on Weds.  Which put us back into the “range bound” range from 2 weeks prior.

 

Many farmers are still waiting for the “right price” to sell, and $4 might be the magic number.  That said, any potential rally in the corn could be met with farmer selling, thus capping the rally.  Many farmers are needing to free up some capital for spring input costs.

 

Beans:  Continued talk of record production out of South America keeps many bearish, however as the U.S Dollar continues to show weakness, we may continue to see the bean price supported.  Looking for any bounce in the market to make strategic sales will be key.

 

For Fun:  Exotic sports cars have always been something every kids dreams about, but what about domestic sports cars.  Many think Mustangs, Chargers, Corvettes, Camaros, but what about the Ford GT?  Ford plans to release the 2017 Ford GT and compete with the like of Ferrari, Porsche and  McLaren with 600 plus horsepower!  But not with a V-8…..but with the ECO BOOST?  I am amazed, and want one so bad I have to figure out how to explain to my wife I need to sell everything we own to get one.

 

This car utilizes a full carbon fiber construction including body panels.  To the carbon-fiber monocoque Ford’s engineers bolted front and rear subframes made from aluminum. The active aerodynamic elements include a multi-position rear wing that mimics the caboose-tamers of the P1 and LaFerrari to help keep Ford’s mid-engine supercar planted at speed. The suspension is active and uses inboard, pushrod-actuated damping, and ride height is adjustable.  Power comes not from a supercharged V-8 as in the previous GT, but rather Ford’s next-generation twin-turbocharged 3.5-liter EcoBoost V-6 engine.  Unlike last decade’s GT, the doors hinge up and forward and don’t incorporate portions of the roof; they still, however, grant access to a simple, businesslike cabin. A digital gauge cluster is augmented by a central color touch-screen display with Ford’s just-introduced Sync 3 infotainment setup, while the slim center tunnel houses the starter button and transmission selector buttons. A pair of paddle shifters sprouts from behind a squircle-shaped steering wheel, and we can’t get over the awesome door-mounted HVAC vents.  You can read more here http://www.caranddriver.com/news/2017-ford-gt-official-photos-and-info-news

 

And if you really like what you see, Here is a video https://www.youtube.com/watch?v=3C-qSRnqUZg

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

March 16, 2015 Leave a comment


Markets:

3/16/15 @ 9:47am

Dow Jones +159.14

S&P 500 +18.08

Nasdaq +36.44

 

The market rebounding this morning from a tough week last week.  Concerns of Yellen raising interest rates and the strength in the US dollar being among the reasons.  The US dollar & crude remain under pressure this week, with the dollar index falling this morning from the 100-point mark, and crude matching late-Jan lows overnight, technical traders are watching these

 

Grain:

 

May Corn -4 ½ @ 3.76

May Beans-1 @ 9.73

 

Fundamentally, corn and beans are looking for higher acreage estimates ahead, though demand data is on the way and expected to remain strong.

 

Friday was a lower volume day with the US dollar making another new high and pushing pushing down grain & energy commodities. We really didn’t see anything new on basis values heading into the weekend, if we continue to see negativity this week, we may see some added strength in basis.

 

Corn: Concerns of more competition coming from Ukraine, Argentina and Brazil with regard to corn coming to US ports, but lack of news in corn continue and corn stays range bound gradually pushing lower.  In the event of news regarding delayed planting, or weather may represent an opportunity for a cash sale.

 

Beans: NOPA crush out at 11 AM this morning looking for another record pace on crush with trade est. at 148.5 mil up from last year.  Argentina talking about flooding in the northern part of Argentina’s farm belt will reduce the country’s 2014/15 soybean production by 1 million to 2.5 million tons, experts said on Friday as growers started assessing damage done by heavy February and early March rains.

 

For Fun:

Did you know giving your children chores and actually requiring them to perform these duties may give them an edge in life?  Interesting enough 82% of people said they had chores growing up, but only 28% said they require their own children to do them.  Studies show chores benefit a child academically, emotionally and even professionally.  With a professor stating giving children chores at an early age helps to build a lasting send of mastery, responsibility and self-reliance!  So kids…..get your butt to work!

 

Read the article here http://www.wsj.com/articles/why-children-need-chores-1426262655?mod=trending_now_3

 

 

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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Grain Market Report

February 9, 2015 Leave a comment


Markets 2/9/15 @ 10:13am:

Corn +5 ¼ @ 3.91

Beans +4 ¾ 9.78 ¼

 

Political:

The steelworkers strike appears to have worsened over the weekend as well with another 1,440 workers walking out of BP refineries in Ohio and Indiana. We now have about 13% of US refining capacity being impacted by the labor strike in the energy sector. Rumors are Shell has now officially walked away from the talks, which could cause the strike to spread to even more plants.

 

Market Info:

A mixed trade so far this morning as weather remains mostly favorable, South America seeing rains over the weekend with more forecasted this week.

–          Exports: USDA announces the sale of 120,000 MT of beans to China for 14/15 marketing year.

–          The USDA Crop Report is tomorrow at 11am.

–          Goldman roll continues this week, if you plan to roll any HTA’s it’s a good time to place the order.

 

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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Grain Markets and Christmas Trivia

December 22, 2014 Leave a comment


Markets 12/22/14 @ 9:48am

Mar Corn + 3 ½ @ 4.14

Mar Beans +2 ¾ @ 10.41 ¼

 

Markets open with an easier tone, low trade volume expected for the holiday week.  Low volume can mean more volatility which at the end of the day may provide some opportunities to fill orders for either old crop or new crop sales.  If you have a number in mind, it may be worth placing an order.

 

Informa numbers were released last week Corn Acres 88.01 (-2.875 from ’14) Bean Acres 88.78 (+4.496 from ’14)

 

Corn –Sygenta said it has received approval from China’s regulatory authorities for imports of its MIR162. The approval covers corn grain and DDG’s. Crude oil continues its downward trend, which has long term implications on the profitability and demand for ethanol.

 

Beans – Opened in negative territory this am, but bounced back.  Demand remains strong, but trade continues to be volatile.  The holiday week may provide some opportunities.

 

Christmas Trivia – Who doesn’t love the Grinch, how well do you know him?

 

  1. Where did the Grinch live?

 

  1. While Stealing the Christmas tree, the Grinch was caught in the act by a small who….what was her name?

 

  1. After the Grinch realized he didn’t ruin Christmas, how much did his heart grow that day?

 

Answer key (no cheating!)

  1. Just north of Who-ville
  2. Cindy-Lou Who
  3. 3 Sizes!

 

 

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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Grain Markets

December 8, 2014 Leave a comment


Markets as of 9:36am 12/8/14

Mar Corn +3 ½ @ 3.98 ½

Jan Beans +8 ½ @ 10.44 ½

 

Corn: The corn market is leading the upside, as technical buying interest has pushed March Corn back up toward the 4.00 level.  Which may prove to be a good time to make a corn sale or an offer at a higher level.

 

We are also seeing good weather in South America, the US dollar holding firm, and trade anticipating Wednesday’s USDA Crop Report.

 

Beans: A clear head and shoulder pattern was finished last week in the beans, typically a bearish sign for the technical traders, the market seems to have a firmer tone toward the end of last week into this week.  The bulls need to pierce resistance at the Nov. 26 high at $10.54 3/4 to break the recent downtrend pattern.

 

$13.33     — the contract high

$10.24 1/4 — the 10-day moving average

$10.28 3/4 — the 20-day moving average

$10.11 1/4 — the 40-day moving average

$9.04     — the contract low

 

Fun:  For you numbers folks, ever wonder how Santa does it?  I did, so here is what I found out.

  1. Due to international time zones, our modern day Santa Claus actually has 31 hoursto deliver presents to all the children of the world.
  2. But to do so, he’ll need to travel at a rate of 4,796,250 MPH!

So that’s how he does it!

 

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

December 1, 2014 Leave a comment


Markets fairly inactive today coming back from the Thanksgiving break.  However Wheat had an eventful day closing +29, thus providing some support for other grains.

 

Markets at close

Corn – ¼ @ 3.75 ½

Beans +1 @ 10.17

 

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

Filed under Community Tagged with , , ,

Grain Market Report

November 24, 2014 Leave a comment


Markets 9:10am 11/24/14

Dec 14 Corn -3 @ 3.69 ¾

Jan 15 Beans -5 @ 10.34

 

Market Journal – This is a great segment offered up by CVA’s ProEdge, this markets update is worth a lookhttp://youtu.be/eaZhAtmWP3M

 

Corn – December corn traded in a sideways fashion last week,

bouncing of off the 100 day moving average several times before closing mid-range on Friday.

Friday’s close saw December corn lose 7 cents in the last minute of trade to settle at $3.72 ¾.

This resulted in a 9 cent loss for the week.  The negative tone continued at the open this morning.

 

Basis – Corn basis values have strengthened across the region last week as

processors gear up for Thanksgiving this week. Producers have been comfortable with their

crop in the bin, which has been a major contributor to the recent strength. If you have HTA’s or

other hedged positions, plan to take advantage of the strength and move some corn in

December. The railroad has been performing adequately as of late, so there has been some good basis to be had at CVA’s shuttle loaders.

 

Recommendations – Strong basis values are telling us to move corn right now

regardless if we like the price. If you would like to take advantage of the recent strength and

still keep your price open, feel free to call to discuss options for doing so.

 

Soybeans – Soybean performance last week was largely

technical in nature as long liquidation was a feature early in the week before some

buying surfaced late. The charts felt choppy the week before, showing some bearish

divergence on the charts as new highs were made. The $10.00 mark held for

January futures last week, supported by some speculative buyers willing to defend

the level. On the week, January futures picked up 16 ½ cents to settle at $10.39.

Export sales also seen as disappointing for last week.

 

NOPA – NOPA crush numbers were out for October on Monday. Member plants

reported that 158.0 mbu of soybeans were crushed in October when the market was

expecting a number closer to 151.0 mbu. The October figure was the highest October crush

number in the recent data set. So far this marketing year member plants have crushed

258.0 mbu, 8.0 mbu behind last year’s pace. For the year, the USDA expects crush demand

to be up 73 mbu, so a sustained pace will be needed.

 

Basis – Soybean basis values saw some strength this week as cash soybeans

descended below $10.00 at processor locations. That figure is certainly a magic number for

many producers, so weaker prices on the CBOT should encourage some basis tightness for

the time being. If you have hedged positions pay attention to some of the recent strength and

be ready to cash it in.

 

Recommendations – Place offers for cash soybeans vs January futures.  I am thinking north of $10.50, but don’t get greedy.

That should put cash in the upper $9’s at most locations. With as volatile as the soybean trade is, the value of offers is quite apparent.

 

Thanksgiving Fun – a family in American can celebrate Thanksgiving with a classic turkey feast for less than $50 and at a “time cost” of only 2.39 hours of work for one person means that we really have a lot to be thankful for on Thanksgiving: an abundance of cheap, affordable food. Compared to 1986, the inflation-adjusted cost of a turkey dinner today is 21% cheaper, and 26% cheaper measured in the “time cost” for the average worker. Relative to our income and relative to the cost of food in the past, food in America has never been more affordable than it is today.  Read more here: http://www.aei.org/publication/something-thankful-real-cost-thanksgiving-dinner-1-3-cheaper-last-year-21-cheaper-1986/

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 , ,

November 10, 2014 Leave a comment


USDA Report released today at 11am, markets opened strong this morning positioning prior to the report.  Corn remains strong while beans turned weaker.

 

As of 11:30am

Dec Corn +6 @3.73 1/2

Jan Beans -2 @ 10.34 ¾

 

2014/15 US Production
USDA Average Estimate Estimate      Range USDA    Oct ’14
November
Corn 14.407 14.551 14.242-14.842 14.475
    Yield 173.4 175.2 171.4-178.6 174.2
Soybeans 3.958 3.967 3.903-4.064 3.927
    Yield 47.5 47.6 46.8-48.7 47.1
2014/15 US Ending Stocks
USDA Average Estimate Estimate      Range USDA    Oct ’14
November
Corn 2.008 2.135 1.850-2.282 2.081
Soybeans 0.450 0.442 0.403-0.513 0.450
Wheat 0.644 0.660 0.634-0.682 0.654
2014/15 World Ending Stocks
USDA Average Estimate Estimate      Range USDA    Oct ’14
November
Corn 191.500 190.770 185.600-194.180 190.580
Soybeans 90.280 90.370 89.500-92.550 90.670
Wheat 192.900 192.150 189.790-196.400 192.590

 

 

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 Community Tagged with , , , ,

Grain Prices

November 3, 2014 Leave a comment


Market close

Corn-3 ¼  @ 3.73 ½

Beans -17 ¾ @ 10.28 ¾

 

The bean meal has been cited as to the cause of last weeks rally, with corn following.  There is talk of 6 cargoes of meal being cancelled. Also heard that funds were buying beans /selling corn, this could be unwinding of the position.  A negative tone throughout the day.

 

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 Community Tagged with , , ,

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