Ag Hedge Daily Newsletter

1/25/2016
- Good morning from Chicago Get expert perspective on today's Ag markets from some of the most respected names in the industry. Zaner experts have been quoted in Dow Jones Newswires, AgWeb.com, Top
Producer, CME, CBOT & MGEX exchange publications, Futures Magazine, Stocks and Commodities Magazine, Forbes, BarChart.com, Tradingmarkets.com, CommodityTrader.com,
Financial Engineering News, Risk Controlled Investing and many other publications. Feel free to call us at: 312-277-0113 for more information.
Learn more about our Ag Hedge services
Note: Futures, options and forex trading is speculative in nature and involves substantial risk of loss. This material is conveyed as a solicitation for entering into a derivatives
transaction.

IMPORTANT NOTICES

OPENING CALLS

January 25:
January 26:
January 27:
January 28:

Corn:

down 0-2

Wheat:

up 2-4

Beans:

down 0-2

Cattle:

N/A

Hogs:

N/A

US $:

down .250

Export Inspections at 10:00am

FOMC Meeting
FOMC Meeting
Export Sales at 7:30am Last Trade Day Jan Feeders

Crude:

down 1.00

GRAINS

52 Week
High

464-0 on
07/14/15

52 Week
High

629-4 on
06/30/15

52 Week
High

1044-2 on
07/14/15

52 Week
Low

348-4 on
01/07/16

52 Week
Low

456-0 on
01/04/16

52 Week
Low

847-0 on
11/23/15

20 Day MA 360-2

20 Day MA 471-2

20 Day MA 870-3

50 Day MA 367-2

50 Day MA 480-0

50 Day MA 873-7

100 Day MA 378-7

100 Day MA 493-5

100 Day
MA

880-7

Corn: ---Night Session Close: March down 10 at 3692 Dec down 10 at 3910
Opening the night session at 3700, March traded to a session low of 3690. Moving average support starts with the 50 day at 3672 while trend line support stands at 3656.
Additional support remains in the 360 region and is joined by the 20 day moving average at 3602. Trading to a session high of 3710, trend line resistance stands at 3712 while last
weeks high remains at 3720.
Soybeans: ---Night Session Close: March down 14 at 8750 Nov down 06 at 8830
Opening the night session at 8764, March traded to a session low of 8740 which also holds the 50 day moving average. Trend line support stands at 8696 with additional support in

the 865 region. Trading to a session high of 8790, the 100 day moving average stands at 881 with last weeks high at 8880 as additional resistance.
Wheat: ---Night Session Close: March up 32 at 4786 Sept unchanged at 4936
Holding gains through the night, March opened at 4760 and traded to a session low of 4754. Trend line support comes in at 4740 while the 10 day moving average stands at 4744
while recent lows stand at 4672. Trading to a session high of 4796, resistance in the 480 region is joined by the 50 day moving average at 4800 while the 100 day stands at 4934.

News:
---Year to date soybean sales are running 9% behind a year ago and shipments are 9% behind with the USDA currently forecasting an 8% yearly decline.
--- Year to date soymeal sales are running 17% behind a year ago and shipments are 14% behind with the USDA currently forecasting an 11% yearly decline.

--- Year to date soyoil sales are running 21% ahead of a year ago and shipments are 27% ahead with the USDA currently forecasting a 14% yearly increase.

--- Year to date corn sales are running 27% behind a year ago and shipments are 23% behind with the USDA currently forecasting a 9% yearly decline.

--- Year to date wheat sales are running 15% behind a year ago and shipments are 15% behind with the USDA currently forecasting a 6% yearly decline.

--- By class, SRW Wheat sales are 12% behind, shipments 9% behind with a 2% yearly decrease being forecasted; HRW Wheat sales are 22% behind, shipments 22% behind with a
16% yearly decrease seen, and; HRS Wheat sales are 17% behind, shipments 15% behind with a 2% yearly decrease seen.
--- After a collapse in the Brazilian Real, Brazil plans to auction off 500,000MT of government owned corn in an attempt to cool off soaring domestic prices.
--- China intends to allow the market to determine the price of state owned corn as a way to help reduce the growing state inventory.
--- Traditional funds sold 4,000 soybeans, 5,000 soymeal and bought 8,000 corn and 5,000 soyoil. They are estimated to be net short 29,500 soybeans, 52,800 soymeal, 150,000
corn, 70,000 wheat and are estimated net long 44,900 soyoil.
--- Brian

For more information, questions, or comments feel free to contact us or follow our team on Twitter:
Ted Seifried -- (312) 277-0113 -- tseifried@zaner.com -- @TheTedSpread
Tim Hackbarth -- (312) 277-0110 -- thackbarth@zaner.com -- @AgHedgingone
Brian Grossman -- (312) 277-0119 -- bgrossman@zaner.com -- @AgHedgeGrossman

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MEATS

52 Week
High

156.300 on
06/10/15

52 Week
High

214.150 on
06/11/15

52 Week
High

72.975 on
05/12/15

52 Week
Low

121.975 on
12/17/15

52 Week
Low

143.200 on
12/17/15

52 Week
Low

53.975 on
11/17/15

20 Day MA 133.294

20 Day MA 161.735

20 Day MA 60.730

50 Day MA 131.234

50 Day MA 159.820

50 Day MA 58.932

100 Day
MA

100 Day
MA

100 Day
MA

135.829

170.058

62.921

LINKS

Cash Grain Bids

US Weather

South American Weather

In this newsletter we do not email specific trade recommendations. As each client's situation is unique, we craft strategies to fit our individual client's needs. Please feel free to call us
at 312-277-0113 for a personalized recommendation.