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EHedger Report

RSS By: Dustin Johnson

Dustin works with a wide net of large producers throughout the Midwest. His analytical market approach and objective hedge strategy development is specific to the needs of every individual.

EHedger Closing Grain Commentary 2/28/11

Feb 28, 2011

Monday was the last day of the month and first notice day for grains as they settle mixed.  March corn finished 10 ½ cents higher at $7.225.  For the month of February, March corn was up 63 cents.  March soybeans finished down 8 ¼ at $13.57 ¼.  For February, March beans finished 55 ¾ cents lower.  March wheat finished 6 cents higher at $7.82 ½.  March wheat finished 58 ¼ cents lower for the month of February.
 
The latest Commitment of Traders report shows the funds reducing their net long grain positions, especially in soybeans.  Fund liquidation is still seen as one of the major risks we are watching.  Also, the March 31st report is just around the corner.  From this point on, we may be nearing highs UNLESS we see a true weather problem erupt.  We feel these are great levels to be very aggressive with sales (on Guaranteed bushels) and keep your upside in the call spreads in case of unforeseen events that push us higher. Especially since today was the last day for Spring Federal Crop Insurance Prices to be set.  It looks like corn will be approximately $6.02 and beans approximately $13.49.  The bottom line, there is a lot of uncertainty premium that is built into these markets, and we want to take advantage while we are at these prices.
 
Before making any decision producers should get in touch with their broker to go through the strategy in the AMMO Program to see how it will benefit their farm operation.
 
Next Thursday thru Saturday EHedger will have representatives at the Commodity Classic in Tampa Florida. Please feel free to stop by the booth to learn more about the AMMO Program and to discuss your individual farming operation. Hope to see you there!

 

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Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. The market information contained in this message has been obtained from sources believed to be reliable, but is not guaranteed as to its accuracy or completeness. Market information may not be consistent with current or future market positions of E Hedger, its affiliates, officers, directors, employees, or agents. Recipients assume the risk of reliance on and indemnify and hold E Hedger harmless for any and all losses, costs, or tax consequences incurred as a result of their use of market information.

 

 
 
 
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