Grain Market Report

Markets 9/29/14 @ 8:40am

Corn +1 ½ @ 3.24 ½

Beans +6 @ 9.16 ¼

Tomorrow the USDA will release it’s Sept Quarterly Stocks Report.  Average trade estimates for the report are 1,185 mln  bu corn, 126 mln bu beans, and 1,880 mln bu wheat.   In light of the focus on the huge US crop being harvested, many are considering this report to be a non-event.

There are reports circulating that the US Dollar Index has risen for 11 weeks in a row.  This does not help the price of commodities as other countries lose buying power.

Large yield reports continue to come in,  we will likely see some light positioning ahead of tomorrow’s USDA Quarterly Stocks report.  It may present a selling opportunity for some.

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