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2/25/2016
- 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
Corn:
up 0-1
Wheat:
up 2-4
Beans:
up 2-4
Cattle:
Hogs:
US $:
Crude:
GRAINS
52 Week
High
468-4 on
07/14/15
52 Week
High
631-2 on
06/30/15
52 Week
High
1034-0 on
07/14/15
52 Week
Low
354-2 on
01/07/16
52 Week
Low
446-4 on
02/24/16
52 Week
Low
853-4 on
11/23/15
20 Day MA 369-6
20 Day MA 468-6
20 Day MA 877-2
50 Day MA 369-5
50 Day MA 476-0
50 Day MA 877-1
100 Day
MA
883-2
up .100
down .10
News:
--- Export Sales
Wheat range 200,000-400,000; actual of 387,900 for 15/16 and 98,300 for 16/17
Corn range 700,000-1,200,000; actual of 934,400 for 15/16 and 131,800 for 16/17
Soybean range 300,000-700,000; actual of 328,300 for 15/16 and 300 for 16/17
Soymeal range 100,000-250,000; actual of 171,700 for 15/16 and 900 for 16/17
Soyoil range 5,000-20,000; actual of 3,200 for 15/16
--- Ethanol Production
Average production of 994,000 barrels per day with a weekly corn consumption of 104.37 million bushels. Total ethanol production for the week stands at 6.958 million barrels with
stocks falling to 23.105 million barrels vers 23.218 last week; down 0.49% on the week and up 7% vers last year. Demand rose from 6.563 to 7.071 million barrels while average
profit margins remain negative but mostly unchanged vers last week.
--- Chinese stocks struggled through the night and finished down another 6%.
--- On Wednesday, the traditional funds bought 2,000 soybeans and 2,000 soyoil; sold 2,000 corn and 2,000 wheat. They are estimated to be net short 44,500 soybeans, 44,800
soymeal, 148,000 corn and 99,000 wheat; estimated to be net long 48,900 soyoil.
--- 2016 USDA Ag Outlook Conference Average Estimates -- Bloomberg
Corn acres 89.689; range 88.3-92.5; production 13.719; 16/17 ending stocks 1.891
Soybean acres 83.345; range 82-85; production 3.821; 16/17 ending stocks 516
Wheat acres 52.374; range 51-56; production 2.015; 16/17 ending stocks 1.005
2016 USDA Ag Outlook Conference Average Estimates -- Reuters
Corn 89.6 million
Soybeans 83.3 million
2015 Planting Acres
Corn 88 million
Soybeans 82.7 million
Wheat 54.6 million
--- USDA Projections
Farm Exports at 125 Billion
Corn price of 3.45/bu with acres are 90 million
Soybean price at 8.50/bu with acres at 82.5 million
Wheat price at 4.20/bu with acres at 51 million
--- 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
MEATS
52 Week
High
155.100 on
06/23/15
52 Week
High
213.075 on
06/01/15
52 Week
High
82.525 on
07/07/15
52 Week
Low
123.050 on
12/17/15
52 Week
Low
142.550 on
12/17/15
52 Week
Low
70.250 on
11/16/15
20 Day MA 133.595
20 Day MA 154.650
20 Day MA 80.095
50 Day MA 132.882
50 Day MA 155.546
50 Day MA 78.497
100 Day
MA
100 Day
MA
100 Day
MA
134.412
162.701
77.350
LINKS
US 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.