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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.

Monday's Grain Market Recap 12-12-11

Dec 12, 2011

Grains finished mixed with March corn down ¼ of a cent, March wheat down 1 ¾ cents, and January soybeans up 5 cents.

Dryness in South America is providing some support for beans.  Corn and wheat held resistance into the close which may have been partly due to weaker outside markets as well as continued resistance from the bearish USDA report last week. The December Supply and Demand report showed increases in world carryout for both corn and wheat.  China’s increased production was the main cause for the higher world corn numbers.  For wheat the main increases in production could be found between the countries of Argentina, Australia, and Canada.  These increases only highlight the fact that the world has options for feed products, and this can continue to put downside pressure on these markets.

Factoring in the sharp decline in outside markets today I would say that grains held up pretty well. The Dow Jones futures were as much as 275 points lower on the day and the Dollar was sharply higher.  Crude oil was over $1.50 lower and gold over $55 lower.

As we get closer to January we could see some pre-positioning before the 1st quarter rebalancing by the funds.  We also have the January Supply and Demand report and Quarterly stocks data coming around the corner and will have estimates as we get closer to the report.

Please feel free to call an EHedger risk management specialist if you would like a second opinion on your marketing strategy and how we may be able to help. You may also sign up for a free trial of our research using the link below:

www.ehedger.com/signup/

Chart: March Corn

Best Regards,

EHedger

866-433-4371

www.EHedger.com

Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. 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 EHedger LLC, its affiliates, officers, directors, employees or agents.

 
 
 
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