Sep 16, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin


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 9/02/09

Sep 02, 2009
 
SETTLEMENTS 9/02
         
 
Sep 09 Corn
313 ¼    
+ 1
Dec 09 Corn
319 ¼ 
unch
Sep 09 Beans
1009 ¼
- 4 ¾
Nov 09 Beans
951
- 4 ½
Sep 09 Wheat
485 ¾ 
- 1 ½
Sep 09 KC Wheat
507
- 3 ¼
Sep 09 Min Wheat
515  
- 6 ¾
Dec 09 Meal
292.5
+ 3.8
Dec 09 Oil
34.70
- 0.40
 
 
 
 
 
 
 
 
 
 
 
 
 
 




        Corn, soybeans and wheat all had a fairly quiet day. The market did not see the strong selling it has seen the last two sessions. However, the buying interest still remained soft. After last weekend’s failed frost the market quickly took some of the risk premium out of the market. At this point the forecast does not see any major chances for frost during the next two weeks. If we can continue to get favorable weather for a bit longer the market should continue to take risk premium out of the price. We realize it is natural to want to wait until you are positive there will not be a frost before you price any more grain. However, the problem is that if you wait until you "know" that you are going to have a good crop before you sell, it will likely be too late. I understand that there is still time to hurt the crop, but that time is quickly eroding away. I just feel like most farmers are going to be "heading for the doors" at the same time this fall. If you are unsold and still convinced that the market is going higher, at least look at getting some downside protection. This is a good article that I found that talks about soybean yields with cool and wet August weather.
http://www.iowafarmertoday.com/blog/?p=568 This goes along with what I was talking about on Monday. If we are both right, soybeans have a lot of downside potential this fall.
 
Get More From EHedger.
 
Our commentaries are just one part of our whole risk management service. Please go to http://www.ehedger.com/sign-up/ for a free two-week trial of our full member website that gives you access to all our hedge and marketing recommendations, educational tools, market snapshots and much more.
Also learn about our acclaimed AMMO Program that helps producers optimize their marketing strategies using the premier tools and insights in the industry.
 
Get Organized. Get Ahead. Get EHedger
 
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.
Log In or Sign Up to comment

COMMENTS (2 Comments)

Anonymous
How's that workin' for ya?
11:44 AM Sep 3rd
 
Anonymous
Hey EHedger, Have you looked at the GDU's to date?? The cornbelt is WAY BEHIND if you don't know,it will take more than what you say "favorable weather for a bit longer"...Its all to close to call!! GDU's are hard to come by in September.
1:10 AM Sep 3rd
 

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions