Market Report

November 17, 2015 Leave a comment


Markets 11/16/15 12:02pm

Dow +100.31
S&P +11.42
Nasdaq +10.73

I am sure you heard of the terrible attacks in Paris killing at least 129 people.  After an initial wobble, financial markets mainly shrugged off the effects of Friday’s terrorist attacks in Paris, underscoring how investors increasingly look beyond these type of events, so it seems.

Grain Markets 11/16/15 12:08pm

Dec Corn +0’6 @ $3.59’0
Jan Beans +2’0 @ $8.57’2

 

With harvest pretty much wrapped up we have little news from the U.S. that can change the markets now.  We know what we have, weather is now not much concern.  Oil continues to grind lower and the US dollar keeps creeping up.  The odds keep stacking against grains.

 

Corn lower on the open despite good exports, good news and the markets doesn’t seem to care.  Corn has not given us too much excitement by way of headlines and with little change from the USDA the only thing to look forward to is a weather story out of South America or some sort of geopolitical event.  As I mentioned in a text last week the tight trade range has got me nervous.  I suspect we will continue to grind lower (lower highs/lower lows) until we receive some sort of positive news.  I think $3.50 in the cards, possibly breaking through and heading toward $3.40.  I hope we find some support or a headline before we head lower.  I will add if oil prices continue to stay low, it pressures ethanol demand.

 

Beans the focus is now South American Production and demand from China.  Also hoping for a weather story out of South America to boost our opportunities for a sale.  The strength in the US dollar is going to remain a variable in export sales.

 

Exports

EXPORTERS SELL 952,500 METRIC TONNES OF CORN FOR DELIVERY TO MEXICO DURING THE 2015/2016 MARKETING YEAR- USDA

EXPORTERS SELL 487,680 METRIC TONNES OF CORN FOR DELIVERY TO MEXICO FOR 2016/2017 DELIVERY- USDA

EXPORTERS SELL 180,000 METRIC TONNES OF SOYBEANS FOR DELIVERY TO CHINA FOR 2015/2016 DELIVERY- USDA

 

Strategy:  When you opt to sell cash grain, it is always an option to buy a call to participate in upside potential.  This in effect puts in a floor with upside.

 

For Fun: So you may recall I mentioned previously that Ferrari (Ticker “RACE”) went public.  For the early adopters it hasn’t fared well.  Opening up at $60 a share, now grinding down to a low of $48.83, the luxury car maker has received a $40 price target from Evercore.  None of this means anything to me, and I don’t know any farmers with a Ferrari, but for $40 my two boys might just get a share for Christmas, why?  Well it’s just cool to own Ferrari, that’s why.

image001

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

Filed under Community Tagged with , , ,

Market Report

November 10, 2015 Leave a comment


Markets 11/9/15 @ 12:13pm
Dow -221.10
S&P -27.03
Nasdaq -67.32

 

I have been happy to see the macro markets be less influential to grains, but as of Friday some movement in Oil and the USD has me thinking the market will have to listen again.

 

The US Dollar surged from 98.00 to 99.47 on Friday, pulling back today yet still sitting above 99 which is bringing us back to the levels we haven’t seen since April 23rd.  If you remember these levels, then you know it seemed to be a primary influencer in the grain markets.  The strong US Dollar can potentially reduce exports as other countries pricing becomes more attractive.  The good news is we use most of our own corn locally, which leads us to OIL.

 

image016

Oil (Dec WTI) finished last week on the soft side in fact lost more than $2 a barrel currently with the next support line found at $43.00 while this may be good for fuel hedgers, it doesn’t mean a lot for ethanol demand.  Just something to keep your eye on as oil is an outside market which has the power to damage corn demand for ethanol use.

 

image017

image018

Grain Markets 11/9/15 @ 11:58am

Dec Corn -5’0 @ $3.68’0
Jan Beans -0’4 @ $8.66’6

USDA Report tomorrow at 11am

 

Corn – The trade is anxious for the USDA S&D Report scheduled for tomorrow at 11am.  Not much corn left out in the fields the USDA currently estimates corn at 168 Bpa will we see it push above 170?  It seems most are concerned this will be a bearish report.  Currently we have strong support at $3.60, but with the market sitting at $3.68 with pre-report positioning, a very negative report could easily push us through it for the short term.  Though I still believe the $3.50-$4.00 trade range I mention in the past remains relevant.  In fact, if we go back down to those levels a buy back strategy may be in order for those with a bullish position.

 

Beans – The bean market continues to slip to the low end of its trading range, Jan beans touching $8.58 on Friday.  Keeping in mind the contract low is $8.57, we are dangerously close to making new contract lows.  Unfortunately, I don’t believe the market is supportive enough to keep it from breaking through and it will be interesting to see where we find support in the event of a bearish report.  On the bullish side, weather can become a factor in Argentina or Brazil.  With all the negative news, and positive news can be very impactful.

 

For Fun
As I drive through Fremont, NE I see a huge parking lot of shipping containers.  It has always intrigued me to see what people make from these things.  I have seen outdoor bars, to cabins.  But little did I know there are people that build complete homes and offices from shipping containers!  Seems crazy, almost like a bad idea, but turned out some are quite impressive.  Then I ask myself, did they actually save any money at all!  I would think the small lake cabins yes, but the huge structures, I would think they spent more?  None the less, cool to see what people create!  Popular Mechanics did a good write up if you are interested http://www.popularmechanics.com/home/how-to/g172/shipping-container-homes-460309/

image019 image020 image021 image022

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

Filed under News Tagged with , ,

Market Report

November 3, 2015 1 Comment


Markets:
11/2/15 9:40am
Dow +96.60
S&P +11.77
Nasdaq +34.07

Gasoline Prices: The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices.

Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But according to The Wall Street Journal, oil prices have been falling much faster than gas prices. Drivers have paid at least $1 billion more for gasoline than they would have if the historical pattern had continued this year, according to government and industry statistics.

Regular gasoline prices have fallen more than 28% in the past year to an average of $2.18 for a gallon of regular unleaded. By comparison, Brent crude, the global benchmark for oil, has fallen more than 50% to about $50 a barrel.

Grain Markets:
11/2/15 10:02am
Dec Corn -5’0 @ $3.77’2
Jan Beans -1’0 @ $8.82’6

Harvest continues its momentum as the weather continues to cooperate.  Many locations now with significant piles of corn on the ground.  Central Valley Ag hubs continue to aggressively serve our area producers as locations begin to fill up.  There is a lot of corn out there, and this is a blessing for most area producers.

Increased yield:  Many area producers are seeing some pretty impressive yields!  Increases in yield can significantly change your business plan, and could be the difference needed with the grain prices of today.  The chart below is an example, if you marketed/planned on 175 bushels per acre for corn and 50 for beans, you established your breakeven based on cost of inputs etc.  When the final yields come in, there is additional profit to be had across each and every bushel.  This is one of the reasons break even calculations are so important in budgeting and planning.  These windfall bushels are a great thing, so congratulations!

image001

Corn/Beans:  The story is consistent between the two, corn and beans continue their range bound ways while we wait for a story which sends the market one way or another.  Though it seems there isn’t much more negative news to be had, the trade has built in with record yields, corn on the ground, and decent export numbers.  I think keeping an eye on South America, Ukraine & Brazil for a weather headline or something to give us an opportunity moving forward.  Another consideration is next week’s USDA Supply and demand report scheduled for November 11th.

 

Weather:

image002

The Weather Channel – If you are not quite ready for the chill that is normally associated with November then you may be in luck.  A warmer-than-average November is expected for the eastern half of the U.S. while colder than average temperatures are likely in parts of the West.

“The big news heading into November is an unusually strong sub-seasonal pulse that will oppose and overcome the baseline El Niño signal. What this means is that, for at least the first part of the month, the pattern will be more typical of La Niña conditions than El Niño conditions, with cooler temperatures across the West and unusually warm temperatures across the East,” said Dr. Todd Crawford, chief meteorologist of WSI, a division of The Weather Company.

http://www.weather.com/forecast/national/news/november-2015-temperature-forecast

 

image003

For Fun:

Halloween weather was beautiful, and there was no football game scheduled for high school.  So we had over 100 Trick or Treaters.  The best part, we handed out full size candy bars, so the kids thought that was a great thing.  We did end up spending all day setting up our cemetery, and the boys and one of their friends got all dressed up to “scare” the kids.  It was a lot of fun for everyone!

image005 image007

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under News Tagged with , ,

Market Report

October 27, 2015 Leave a comment


Dow -15.87 @ 17,630.83
S&P -3.83 @ 2071.32
NASDAQ -9.19 @ 5042.17

According to the Wall Street Journal Sales of newly built homes fell in September, suggesting a highly volatile segment of the housing market could be cooling.  Purchases of new single-family homes fell to a seasonally adjusted rate of 468,000 in September, the Commerce Department said Monday, down 11.5% from August’s downwardly revised rate of 529,000.

Luxury automaker Ferrari went public Wednesday, offering investors a chance to buy shares in the iconic brand and giving Fiat Chrysler Automobiles NV cash to help finance its ambitious five-year growth plan.  Fiat Chrysler on Tuesday priced the initial public offering for its luxury unit Ferrari at $52 a share, currently $55.35 and raising about $900 million ahead of the start of trading on the New York Stock Exchange.  So if you have always wanted to own a Ferrari, this is the next best thing.

Grain Markets @10:16am

Dec Corn +4’0 @ $3.83’6
Nov Beans-5’4@ $8.90’0

Harvest progress numbers out later today.  Harvest looks to be gaining momentum and could be as much as 25-30% ahead of last year pace on corn, and 10-15% ahead of last year’s pace on beans.

Corn
Corn remains very range bound with little news or headlines to cause a shift in prices.  I also consider that all the news out there is primarily great harvest progress and plenty of corn.  That said, any news to the contrary could provide an opportunity to reduce some additional risk.  I continue to remain patient for an opportunity north of $4.00.  Understanding we have not been above $4.00 since early August, there is support around $3.72 and then $3.60 and resistance at $4.00.

Spreads have narrowed on corn, with Dec to Mar at about 8 cents.  Our best opportunities to roll were in early October reaching 11.5 cents and have since diminished.  It is my position to motivate clients to make moves at the appropriate times.  I often share my thoughts with everyone client or not.

Blurb from 10/6/15

Corn: I remain optimistic on corn, with plenty of time for an opportunity to present itself sometime between now and July, storage may be the best plan for now.  If you are short on storage, we can use a buy back strategy.  If you have presold or hedged you could consider rolling to the March capturing .11 to .12 cents and putting additional money on that sale.

Beans
Beans have also have continued to be range bound $8.55 to $9.15.  I am inclined to make some sales when the market bounces above $9.00.  Despite great exports, the market continues to hold in the range.  Another consideration, look how quickly we have lost carry in the beans market.  A couple of weeks ago there was 4-5 cents from Nov to Jan.  Friday was even, and this morning we have went to a 3 cent inverse.  If you need to roll, you may have to go to the March just to keep even on the spread.  However I anticipate that becoming inverted as well in the near future.

Weather

image001

For Fun

With Halloween around the corner, it was always one of my favorite holidays.  I used to go all out to make it great for the kids.  There are now college aged kids that tell me I can remember how scary your house was!  Are you ever going to do it again?

 

You see, a couple of friends and myself went all out, from 100 ft of cemetary fence, 6 fog machines, full skeletons from the “anatomical chart company.”  I built a lot of special affects using pneumatics, and even a full scale electric chair.  But one day……we had children, and trick or treating became all about them.  The whole “haunt” ended for 13 years!  But with my boys reaching an age where “trick or treating is for little kids” it time to break it all out again!  So this weekend we will see how much of it we can get set up, but one thing is for sure…… full size candy bars.

 

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under News Tagged with , ,

Market Report

October 21, 2015 Leave a comment


Market close

Dec Corn +3’6 @ 3.76’6

Nov Beans +5’0 @ 8.96’0

 

My Blog this week can be found here

http://www.cvacoop.com/blog/its-too-busy-to-market/

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

Filed under Community Tagged with , ,

Market Report

October 5, 2015 Leave a comment


Markets 10/5/15 @ 10:33am

Dow +188.44
S&P +24.11
Nasdaq +45.37

 

Grain Markets 10/5/15 @ 10:09am

Dec Corn +1 ¾ @ $3.91
Nov Beans +7 ¼ @ $8.81 ½ 

 

A firmer tone at the open this am.  There will be a USDA S&D Report on October 9th.  Harvest seems to be in full swing now, and combines are in the field.  Hearing some pretty impressive yields as well!

 

Quick Look: USDA Stocks report from 9/30/15

Grain Stocks Report  

USDA

 Avg Estimate

(mbu)

 Estimate Range Last Year % Change vs LY
Corn 1,731 1,739 1,647 – 1,850 1,232 +40.5%
Soybeans 191 205 165 – 250 92 +100.1%
Wheat 2,089 2,149 1,987 – 2,285 1,907 +9.6%

 

 Yield Estimates from last week:

  • USDA in September estimated the corn yield at 167.5; soybeans at 47.1
  • Informa’s most recent corn yield estimated at 168.4; soybean at 47.2
  • FC Stone’s most recent corn yield estimated at 167.0; soybean at 46.9  

Corn: I remain optimistic on corn, with plenty of time for an opportunity to present itself sometime between now and July, storage may be the best plan for now.  If you are short on storage, we can use a buy back strategy.  If you have presold or hedged you could consider rolling to the March capturing .11 to .12 cents and putting additional money on that sale.

 

Beans: Weds stocks report was friendly the beans, and $9 resistance was broken following the report for the first time since August.  It’s promising to know the market is still willing to go there.

 

Strategy: With a small bounce in corn I am seeing a $3.40/$4.40 Triplex within reach for December ’16.
I will also add for both Corn and Beans CVA’s Grain Adviser Program is a good opportunity as well to have some bushels marketed for you.

 

For Fun: 

So I have wanted to buy a chicken coop and some chickens…..wife says I am nuts.  I have done countless amounts of research and even have my building plans.  Though it will probably never happen I stumbled across something unexpected?!?!?

 

Does your chicken need a sweater?

When the temperature drops and chickens lose feathers, many people bundle up their flocks, but others say the garments are more about fashion than function.  While there are patterns available to knit on your own, you can also buy chicken sweaters online.  I think hot coffee blew out my nose!  I must be insensitive thinking chickens are produce and not pets.  Boy was I wrong!

image001 image002

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under News Tagged with , ,

Market Report

September 18, 2015 Leave a comment


Dow -64.47
S&P -8.42
Nasdaq -16.02

U.S. Stocks were lower this afternoon as investors stayed on the sidelines ahead of the Feds rate meeting. This week Federal Reserve Policy makers are scheduled for a two day meeting Wednesday and Thursday. All eyes on the feds as they make their rate decision later this week on whether or not to make its first interest rate increase since 2006.
Gasoline – Oil prices slid today on concerns about gasoline demand and fresh indications that the war for customers in the global crude market hasn’t abated. Light, sweet crude for October delivery recently traded down 97 cents, or 2.2%, to $43.66 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.66, or 3.5%, to $46.48 a barrel on ICE Futures Europe.

Gasoline prices were trading at their lowest intraday prices since January, with futures recently down 4.3% at $1.3116 a gallon. Looks like we will be seeing lower prices at the pump.

Iphone – The hot new ticket is the…..wait what?….Iphone 6S, yet another Iphone 6 hits the market for preorder over the weekend, though apple has not released the results of the preorder weekend, it is supposedly a success. For me they are just too darn big…. I still want my phone to fit my pocket. But the good news it Apple is still one of the top 10 Stocks to own if Feds raise rates per Goldman Sachs in an article I read this morning in the Wall Street Journal, you can read more here.

http://blogs.wsj.com/moneybeat/2015/09/14/goldman-says-own-these-10-stocks-when-the-fed-raises-rates/

image001

Grain Markets @ Close
Dec Corn +6 ½ @ $3.93 ½
Nov beans+10 @ $8.84 ¼

 

USDA – A lot to talk about in general this week, starting the morning off with bullish sentiment.  All likely still positioning post USDA report, the numbers can be seen below:

image002 image003

Corn Yield lowered from 168.8 down to 167.5 which lands production at 13.6 billion bushels, down 4 percent from last year’s record crop.  The trade seemed to be expecting more of a reduction, however if this comes to fruition this year would still be the second highest yield and 3rd largest production ever in the U.S.

Beans the USDA lowered old crop ending stocks by 30 million, but note they raised new crop yield from 46.9 to 47.1 which seemed to get attention.  However that’s only .2 bpa……

 

Corn – If the board continues to rally and close above $3.95, the next resistance line is $4.02 for Dec ’15.  Most of you know I have been a bear since December last year….however becoming much more bullish over the last 30 days, I am a longer term bull for now.  In my Monday email on 8/24 I said, “I have mentioned verbally to many producers that I am not as negative on corn.  It just seems corn wants to stay in the $3.50-$4.00 range” I continue to believe this, in fact, I am confident we will surpass $4.00 between now and July ’16.  Possibly even the potential to reach $4.50.  It seems likely to have some sort of “story” between now and summer that can give us some upside potential  It does not necessarily have to be grain related, there are also macro markets and geo political factors.  This is part of the reason I am hesitant to sell unless we see a rally.  Today offering a bit of a rally, I will circle back to my strategy last week.  It seems the opportunity is upon us to sell a Dec ’16 $4.50 call and get .26/bu.  Keep in mind this is a marginable position in brokerage.  You can also do this with our Bonus Premium contract and get .20/bu.  This premium can be added to a cash sale, HTA, or Extended Price contracts.  What does this mean?  It means you have a $4.50 offer out there for 2016 Corn, if the market closes above $4.50 on November 20th you will need to deliver, if the market closes below, then do nothing and keep the premium money.

image004

Beans – Up this morning, but hoping we get the ooomf needed to push us above $9.00 again.  Definitely more concerned about the bean prices moving forward.  As long as the US Dollar remains strong and South America continues to provide less expensive beans, our exports are likely to be impacted.  Today we made a run at and bounced off $8.88 ½  if we can close above that, our next resistance line is $9.04

image005

Strategy:  With some strength in the markets, let’s not forget making offers.  Choose a profitable level for your operation and make the offer.  Either cash contract or HTA.

 

Blog:  Okay, so if you have not seen our blog page, you should!  There is a lot of good stuff on there and I have the good fortune of being the blogger for Tuesday’s post.  So if you are interested in “The Anatomy of an HTA” then go here and check it out tomorrow after lunchtime, and let me know what you think.

image006

For Fun: Remember is a kid, climbing trees, dreaming of a tree house or a fort.  Maybe you were lucky enough to have one.  I did not, but the desire to build one is still there….but life interferes and other things become more pressing, and lack of a good tree creates a small obstacle.  Though there are adults whom have bitten the bullet and in some cases went all out on their treehouses.  Some actual works of art, some probably cost more than my house.  Incredible to see what people have done.  Here is a video of several tree houses that will blow your mind.  https://www.youtube.com/watch?v=5qdhmhheJuI

image007

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under News Tagged with , ,

Market Report

September 4, 2015 Leave a comment


Informa September

Corn  168.8 bu/ac  13.688 bil bu

Soybeans  47.0 bu/ac  3.924 bil bu

 

FCStone September

Corn  Yield 165.9, Production 13457

Soybeans Yield 45.4, Production 3791

 

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under Community Tagged with , ,

Market Report

August 24, 2015 Leave a comment


Markets 9:50am

U.S. stocks are getting hammered again this morning as the Chinese market plunges another -8.5%

Dow -663.16
S&P -66.44
NASDAQ -172.90

 

Grain Markets 9:51am

Sept Corn +3 @ $3.68 1/4
Dec Corn +3 @ $3.80 ¼
Sept Beans – 7 @ $8.98 ¼
Nov Beans – 8 @ $8.81

 

Grain markets were hammered overnight on the Chinese news Shanghai index closing down 8.49%, Japans Nikkei is down 4.61%, and the German DAX down 3.73%..  Seeing a rebound at the morning open.  We once again see corn green and the beans red.  Beans taking the brunt of the punishment, now seeing new crop cash prices today with 7 in front early this am.  Closing the overnight down .31 1/4 on beans and -.10 on corn.  The U.S. Dollar index trading down 1.26% and crude down $1.57 at $38.88/barrel.

 

Weather – The National Weather Service’s outlook for September calls for below-normal temps across the Corn Belt, with above-normal precipitation expected across western Iowa and the Central Plains, including Nebraska. Equal chances of normal, below- and above-normal precip are expected in eastern Iowa to the East Coast. The forecast should increase concerns about crops that are lagging due to late planting.

image001

Corn – Really continues its range bound trade, I have mentioned verbally to many producers that I am not as negative on corn.  It just seems corn wants to stay in the $3.50-$4.00 range.  Though if oil continues it downtrend, this could negatively affect ethanol demand right here in our back yard.   On the bullish side, many including Profarmer think the USDA is overstating yields, and the unseasonably cooler temps in our area have some talking early freeze.

 

China extends corn buying spree as imports top 1 million tons, China’s corn imports rose for a fourth month to the highest in at least a decade as a slump in U.S. prices made purchases from overseas more attractive.  http://www.agweb.com/article/china-extends-corn-buying-spree-as-imports-top-1-million-tons-blmg/

 

Beans – Price just continue to fall each week, beans do not seem too afraid to head lower, losing 25 cents last week and another .32 this morning.  Chinese markets provide concerns for U.S. Beans export sales.  We could see a turnaround Tuesday type of event, but longer term I am afraid beans do not offer much for bullish news.

 

Pro-Farmer – On Friday, Pro Farmer announced its national corn and soybean forecasts after touring the U.S. from Ohio to South Dakota last week. Pro Farmer sees 2015 corn yield at 164.3 bushels per acre compared to the current USDA’s August forecast of 168.8 bushels per acre. Pro Farmer’s soybean forecast was lower than the USDA by .4 bushels per acre at 46.5 bushels per acre. Pro Farmer pegged 2015 corn production 363 bushels below the current USDA projection at 13.323 billion bushels. Soybean production is estimated at 3.887 billion bushels.

 

For Fun – With Football season just starting, I realize a diet is not in the future, but rather wings and beer.  Who doesn’t love getting together for the occasional game with friends and enjoy the great game of football.  To start off the season here are 10 facts about the NFL you may not know:

  1. The New England Patriots were almost named the Bay State Patriots.
  2. If you signed up for the Green Bay Packers season ticket waiting list today, you’d have to wait almost 1,000 years to get your tickets.
  3. Wilson, which has been the exclusive maker of NFL footballs since 1941, produces 4,000 balls per day, or one for every Eli Manning interception.
  4. Only the Green Bay Packers has ever won 3 NFL championships in a row (thus disappointing Pat Riley) and never once in the Super Bowl era.
  5. Despite the misnomer that the NFL can only play Sunday, Monday and Thursday, the league has actually played games on every day of the week.
  6. The Super Bowl trophy costs $25,000.
  7. The oldest record in the NFL record book is one of the most famous: Ernie Nevers scored 40 points in a 1929 game, getting six touchdowns and four extra points.
  8. Fred Dryer is the only player with two safeties in one game.
  9. The total audience for the first televised football game in 1939 was 500, about 112,200,500 less than watched last year’s Super Bowl.
  10. In the modern NFL draft, there’s only been one year in which a quarterback hasn’t been selected in the first two rounds.

 

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under News Tagged with , ,

Market Report

August 11, 2015 Leave a comment


Sept Corn +16 ½ @ $3.89 ¼ 

Dec Corn +16 ¼ @ $4.00

Aug Beans +29 ¼ @$10.38 ¼ 

Nov Beans +23 ¾ @ $9.87

 

Today’s report will be to the point, as I plan to release more information following the USDA report this Weds.  I will also add you can watch for my blog entry tomorrow on CVA’s blog page.  You can read mine along with weekly entries from our very own grain and agronomy teams.  Found here:http://www.cvacoop.com/blog/

 

USDA Report: Report is Weds at 11am.  Corn is currently estimated at 166 bushel yield estimate for corn, and 46 for beans.  The trade is expecting to see a bit of a reduction around -1.0 to -1.5 bushels for both corn and beans.  A reduction more than 1.5 bushels would likely provide a bullish response.  Keep in mind the funds continue to remain long despite the downturn in the market.

 

Corn/Beans Strategy – Consider placing offers pre-report to capitalize on any report volatility.  Something like a $4.25 Dec ’15 Corn, or $4.35 Dec ’16 Corn.  Look at limit up type orders for beans $10.50-$10.60 for Nov ’15 Beans.

 

Basis – Be looking at basis opportunities, if the board continues to rally, basis may weaken (go down).

 

For Fun – Everyone that has had lunch with me will hear me order a Diet Pepsi….and when the waitress says “Diet Coke okay?”  I quickly say no thank you, Ice tea please.  I think my manager chuckles each time.  To me they are so different, and this coming from a guy that eats everything……

 

Pepsico Inc recently announced it is going to change its recipe for Diet Pepsi, to exclude aspartame.  Pointing out public concern over this specific type of artificial sweetener.  They are looking to go to more diet friendly sweeteners such as sucralose and acesulfame potassium.  The new Diet Pepsi will be out next week.  So go stock up on the original if you like it.

 

You have to listen to your customers, and you have to try it, but….but remember in 1985 when Coca-Cola rolled out New Coke….I remember how bad it was, and switching to Pepsi.  After receiving thousands of complaints Coca-Cola switched back to the classic on just  79 days!  So I guess we will all await “New Diet Pepsi” and see how it goes……

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Filed under News Tagged with , ,

← Older posts

Newer posts →