Ag Hedge Daily Newsletter

2/02/2016
- 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

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
Feb 22: Export Inspection at 10:00am
Feb 23: Cold Storage at 2:00pm
Feb 25: Export Sales at 7:30am
Feb 28: Export Inspections at 10:00am First Notice for March Chi, KC, MN wheat, corn, soybeans,
soyoil, soymeal

Corn:

down 0-2

Wheat:

down 0-2

Beans:

up 0-2

Cattle:
Hogs:
US $:

down .100

Crude:

down 1.30

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 363-2

20 Day MA 474-1

20 Day MA 874-6

50 Day MA 367-4

50 Day MA 478-1

50 Day MA 876-1

100 Day MA 378-4

100 Day MA 493-3

100 Day
MA

881-0

Corn: ---Night Session Close: March down 10 at 3702 Dec down 10 at 3910
Opening the night at 3712, March traded to a session low of 3700. Trend line support may be found near 3694 while the 50 day moving average stands at 3674 and the 20 day at
3632. Further support may be found at near 3624. Trading to a new high of 3630, initial resistance is likely from the 100 day moving average at 3784. Further resistance is
possible from the Dec-07 high of 3820.
Soybeans: ---Night Session Close: March up 10 at 8816 Nov up 20 at 8922
Starting the night at 8802, March posted a session low at 8794. A cluster of moving averages from the 10, 20, and 50 day is located at 8782, 8746, and 8762; respectively. Further
support may be found near 8670. Trading to a session high of 8850 and pushing through the 100 day moving average at 8810, initial resistance is likely from the Jan-19 high of

8880 and followed by the Dec-21 high of 8970.

Wheat: ---Night Session Close: March down 04 at 4746 Sept down 12 at 4932
Opening the night at 4756, March pushed to a session low 4740 to test the 20 day moving average. The 470 region may offer further support while trend line support stands at
4674. Trading to a session high of 4774, trend line resistance is near 4764 and the 50 day moving average can be found at 4780; in addition to the key 480 region.

News:
--- USDA reported that 444.5 million bushels of corn was used for ethanol in December vers 455.9 this time last year. 7.616 million cwt of sorghum was used for ethanol, up from
0.889 this time last year. 1.973 million tons of distillers dried grains was produced vers 1.920 this time last year.
--- Soybean processors crushed 5 million tons in December, mostly unchanged from last month. Soyoil stocks totaled near 1.58 billion pounds at the end of December vers 1.55 in
November.
--- Private estimates Brazils corn crop at 83.2 MMT with 12% harvested.
--- Brazil has announced credit subsidies for farmers in 2016/17.
--- Argentinas grain exchange estimates the soybean crop at 59 MMT and the corn crop at 23.6 MMT with roughly 8% under drought stress.
--- On Monday, the traditional funds sold 1,000 soybeans, 1,000 soymeal, 1,000 soyoil, 1,000 corn and 2,000 wheat. They are estimated to be net short 22,500 soybeans, 33,800
soymeal, 77,000 corn, 50,000 wheat and are estimated to be net long 49,900 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 132.780

20 Day MA 161.093

20 Day MA 62.518

50 Day MA 131.531

50 Day MA 159.532

50 Day MA 59.967

100 Day
MA

100 Day
MA

100 Day
MA

135.258

168.726

62.746

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.