Grain Market Report

October 20, 2014 Leave a comment


Producers working steadily in the fields on harvest, with possible rain in the area for Weds.  Still some elevators/processors paying additional basis $ for early delivery on corn.  Most producers are too busy with beans to deliver corn, so there is a bit of a premium.  However this premium will likely disappear once corn harvest begins and corn bushels start rolling in.

 

Some strength in the market last week was attributed to new buyers in the grain, which could be some re-allocation from the stock market which seems to be suffering some from the politics and the Ebola scare.  We lost some of this strength overnight, but seem to remain pretty steady this morning.

 

Markets @ 9:14am 10/20/14

Corn -5 @ 3.43

Beans -12 ½ @ 9.39 ¼

 

Marketing idea:  On over run bushels/bushels you cannot store on farm.  Many producers either sell these extra bushels, or pay monthly storage.  A producer can sell the grain and buy it back on the board to remain in the market without paying storage. This strategy mimics storage and saves fees.  For more information simply contact CVA.

 

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

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Grain Market Prices

October 13, 2014 Leave a comment


Markets opened mixed this morning after digesting Friday’s USDA report.  But finding strength by the close.  The trade is wondering where this is coming from.  It seems to be more than just the fact that this is a US holiday, with light volume expected, we have actually seen volume pick up a little with the rally building.

 

Stock markets have come off their highs and might have some asset managers moving some money into other sectors for now, possibly even these much cheaper grain markets?  Also with the US dollar losing some strength we may see more foreign buyers.

 

Markets at close

Corn +12 @ 3.46

Beans +22 ¾ @ 9.45 ¼

 

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

October 6, 2014 Leave a comment


Markets as of 10/6/14 @ 8:48am

Corn +4 ¾ @ 3.28

Beans +16 @ 9.28 ¼

 

Plenty of cool weather over the weekend, and freezing temps over a large portion of North Dakota and some of South Dakota leaves us anxious to hear of any crop damage reports.  Most of the Midwest received some rain over night, which could slow down harvest a bit for those anxious to get started.

 

Corn saw a bit of a rally overnight, this ride to the downside has been pretty steady, and the bears continue to ride this train.  But where is the bottom?  There is a point when any hedger/investor pauses for a moment to reflect.  They may also decide they are not so sure where the market is headed.  This uncertainty is perceived as higher risk,  and can cause these folks to thin that risk, or even sit out for a while.  In short, if the bears decide to hibernate for a while and cover their shorts, we may see some strength come back into the market and find a bottom.  I would not necessarily saying it’s time to go long or to buy anything.  After all, we have a huge crop on the horizon.  It just seems like it’s time to become a bit more conservative.

 

Beans also saw a rally overnight, and the story is similar to corn.  However the weather concerns for harvest delays are looming.  In South America, factors are the elections in Brazil, and concerns of weather delays.

 

Keep in mind the USDA report coming this Friday.

 

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

Filed under Community Tagged with , ,

Grain Market Report

September 22, 2014 Leave a comment


Markets as of 9/22/14 10:48am

Corn -4 @ 3.72

Beans -21@ 9.35 ½

 

A bearish morning for grains, significantly down on the overnight and the trend continues through today, making new contract lows.  Technically,  with the new lows,  we are closing in on the June , 2010 lows of 324 ½ in corn and 926 in beans.

 

Pro-Farmer revises their U.S. corn yield up 2.7 bu from previous estimates to 172 bu per acre, and their soybean yield up 1.65 bu to 47 bu per acre.

 

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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