Market Report


Sept Corn +2 ½ @ 4.37 ¼

Dec Corn+3 ¼ @ 4.48 ¼

Aug Beans +3 ½ @ 10.35 ½

Nov Beans _4 @ 10.26 ¼

 

Grain Markets:

It feels like there is so much to talk about with the 180 degree shift in fundamentals on June 30th after the release the USDA stocks report.  before the dust settled, anticipation of yet another report caused new buyers to enter the market giving us a nice rally starting Thursday last week.  The trade felt the July 10th USDA Supply and Demand report would provide a reduction in yield expectations.  However the USDA left yields unchanged.  This would be seen as negative, but the buyers still came, posting new highs in December corn reaching the contract high of $4.49 and November Soybeans reaching $10.36.  It seems buyers really want to buy, despite somewhat negative news.  This is quite a shift from just a few weeks ago when there was record selling.  Looking forward, many traders are still confident we will see a yield estimate reduction in the USDA August report.

 

To summarize Friday’s report charts provided below:

image006

image007

*Yield was left unchanged, but will be updated in the August S&D report
**Acres were pulled from the June 30th Planted Acreage report 

 

It always feels better when we are in a bull market……when buyers keep grain supported.  We are still seeing some weather still remains our primary focus as well which continue to add premium to grain prices.  Hopefully this will continue to push the bullish excitement and provide more selling opportunities moving forward.

 

Strategy: It seems a shame not to reward such a nice rally with a sale.  With the strength in the market, and question of what is yet to be seen as far as market potential, it may be wise for producers to look at using some sort of floor strategy to protect the bottom, yet participate in upside potential.

 

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

Market Report


Markets 10:11am

Dow -36.54
S&P -3.83

Nasdaq -5.25

 

U.S. stocks fell today after Greeks resoundingly rejected creditors conditions for further financial aid, pushing their country closer to bankruptcy and a potential exit from the Eurozone.

 

Grain Markets @ 10:02am

Sept corn -6 @ $4.22

Dec Corn -6 @ $4.31 ¼

Aug Beans -15 ¾ @ $10.22 ½

Nov Beans -15 ¼ @ $10.15

 

June 30th report last week proved the market had been trading higher stock levels, once the USDA showed a reduction in the stock number the market reacted in a VERY positive fashion seeing levels in both corn and beans that we haven’t seen since late Dec ’14.  This rally on top of the strength we were seeing a week and a half prior due to weather concerns, and planting condition.  With the strength we saw, one might think there was a bit of an overreaction and that we may see some pull back, at least in the short term.

 

The post report rally filled many offers, including the “High Price Offer” strategy I mentioned last Monday making offers just under market limits (New crop corn had a $4.32 limit, and New crop beans at $10.40 limit) both corn and beans hitting those levels the following day.  No one could predict the outcome, but you can definitely prepare for it with offers.

 

Strategy: I am sure many folks rewarded the rally/gift and made some sort sale.  While the market is up in some fashion, another strategy would be a minimum price contract or floor strategy, this is a less expensive way to protect your downside risk, but keep upside potential.  Look at it as insurance.

 

Weather: still remains a significant factor, and continues to add upside potential to the grain market.  However, weather is unpredictable and it could just as easily give us some sunshine and a break in the rain.   In this case the market will quickly remove the weather premium, and take back some of the strength we have been able to capitalize on.  As long as the rain keeps coming we are likely to continue to see weather premium.

 

Last ProEdge meeting is tomorrow at Hooper Fire Hall @ 9am if you are interested in attending

 

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

Market Report


At market close

Sept Corn – ½ @3.92

Sept Beans -3 ¼ @ 9.94 ½

 

Morning markets opened strong and remained strong for most of the morning, but finishes in negative territory.  This afternoon  we saw Crop Ratings Good to Excellent fall 3% in corn and fall 2% in beans,  which was in line with expectations.

 

Likely to see some positioning or a two sided trade as we approach tomorrow morning ‘s 11 AM USDA Crop Report.  More info to come via email tomorrow post report.

 

The trade continues to focus on weather as the primary story.

 

Strategy: If you need to make a sale, reward the rally, in addition, make a high priced offer to cash in on potential report volatility.  Example of a high price offer is $4.30 for Dec corn ($4.32 is limit up)

 

Invitation:

ProEdge Grain Marketing meetings are available post report, I will be discussing the current market info along with Russ and Dave at these events below.  “Coffee with the ProEdge team”

East Hub July 1st 9am

West Point July 2nd 9am

Hooper Fire Hall July 7th 9am

 

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

Market Report


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) 380-9855Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Market Report


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

Market Report


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

Market Report


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

Market Report


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

Market Report


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

Market Report


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