Ag Hedge Daily Newsletter

1/28/2016
- 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

January 28: Export Sales at 7:30am Last Trade Day Jan Feeders
Feb 1: Export Inspections at 10:00am & Grain Crush at 2:00pm
Feb 4: Export Sales at 7:30am
Feb 8: Export Inspections at 10:00am & First Notice for Feb Live Cattle
Feb 9: Crop Production & WASDE at 11:00am
Feb 11: Export Sales at 7:30am
Feb 16: Export Inspections at 10:00am & NOPA Crush at 11:00am
Feb 19: Export Sales at 7:30am & Cattle on Feed at 2:00pm Last Trade Options for March Chi, KC, MN
wheat, corn, soybeans, soyoil, soymeal

Corn:

down 1-2

Wheat:

down 1-3

Beans:

down 2-3

Cattle:
Hogs:
US $:

down .150

Crude:

up 50

GRAINS

52 Week
High

464-0 on
07/14/15

52 Week
High

629-4 on
06/30/15

52 Week
High

1044-2 on
07/14/15

52 Week
Low

348-4 on
01/07/16

52 Week
Low

456-0 on
01/04/16

52 Week
Low

847-0 on
11/23/15

20 Day MA 361-1

20 Day MA 472-6

20 Day MA 872-5

50 Day MA 367-2

50 Day MA 478-7

50 Day MA 875-2

100 Day MA 378-5

100 Day MA 493-4

100 Day
MA

881-0

Corn: ---Night Session Close: March down 10 at 3682 Dec down 12 at 3892
Opening the night at 3686, March held a 2 cent range through the night. Posting a low at 3676, the 10 and 50 day moving averages stand at 3672 while trend line support is near
3660. Further support may be found near the gap from 3634 to 3640. Trading to a session high of 3696, trend line resistance may be found at 3702 and followed by the Jan-25
high of 3724. The 100 day moving average is at 3786.
Soybeans: ---Night Session Close: March down 24 at 8804 Nov down 24 at 8916
Starting the night at 8824, March traded to a low of 8804. Support from the 100 day moving average is stands at 8810, in addition to the supportive 880 region. Further support is
possible from the 50 day moving average at 8752 while the recent low is at 8704. Setting a session high of 8842, resistance is likely at the recent high of 8880 and followed by the

Dec-21 high of 8970.

Wheat: ---Night Session Close: March down 16 at 4746 Sept down 02 at 4962
Opening the night at 4770, March traded to a session low of 4746 with trend line support standing near 4734 and yesterdays session low of 4734 as well. Additional chart support
stands at 4722. Posting the session high on the opening, initial resistance may come from the 50 day moving average at 4790 as well as the 4800 region. The recent high stands at
4884.
News:
--- Ethanol Production Report
Average production of 961,000 barrels per day with a weekly corn consumption of 100.91 million bushels. Total ethanol production for the week stands at 6.727 million barrels and
stocks fell to 21.436 million barrels vers 21.940 last week; down 2.3% vers last week and up 3.9% vers last year. Demand rose from 6.286 to 7.231 million barrels.
--- Talk that irreversible drought damage in Argentina may cover up to 20-25% of the major growing regions.
--- Debate continues over what crops, including wheat, may be affected by a Russian export restrictions.
--- USDA announces sale of 395,000 MT of soybeans to China has been CANCELED for 15/16
--- On Wednesday, the traditional funds bought 5,000 soybeans, 3,000 soymeal, and 2,000 soyoil and sold 5,000 wheat. They are estimated to be net short 23,500 soybeans, 49,800
soymeal, 150,000 corn, 68,000 wheat, and net long 50,900 soyoil.
--- 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

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MEATS

52 Week
High

156.300 on
06/10/15

52 Week
High

214.150 on
06/11/15

52 Week
High

72.975 on
05/12/15

52 Week
Low

121.975 on
12/17/15

52 Week
Low

143.200 on
12/17/15

52 Week
Low

53.975 on
11/17/15

20 Day MA 132.910

20 Day MA 161.387

20 Day MA 61.631

50 Day MA 131.260

50 Day MA 159.574

50 Day MA 59.388

100 Day
MA

100 Day
MA

100 Day
MA

135.514

169.251

62.822

LINKS

Cash Grain Bids

US Weather

South American 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.