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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 Afternoon Grain Commentary 1-30-2012

Jan 30, 2012

 Overall it was a "bearish" trading session with soybeans having the largest drop.  March beans fell 33 ¾ cents to $11.85 ¼.  March corn fell 10 cents to $6.31 ¾ and March wheat was only down 2 ½ cents at $6.44 ¾.

Overall the weather forecast for South America has more favorable rains expected for the next two weeks. Southern Brazil is still expecting net drying this week but next week they have adequate rains forecasted.

Wheat has once again gained on corn and is now trading at 13 cent premium to corn.  This is significant since it has been trading in and out of a discount to corn since June which has surely affected the amount of corn being fed in the world.  If wheat is no longer cheap enough to be a feed substitute the corn market may have to rally to ration demand.  Much of this depends on the South American crop as the market has already priced in a high risk premium for crop damage.  Obviously there has been some damage from the heat stress; the question still remains how much.

Tomorrow is the last day of the month and could be choppy.  We like the current EHedger recommendations which allow for much price fluctuation while still protecting a lot of your downside price risk. Please signup using the link below if you would like a free email trial of our research.

www.ehedger.com/signup/


 

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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