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Ag Hedge Daily Newsletter

2/29/2016
- 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 29: Export Inspections at 10:00am – First Notice for March Chi, KC, MN wheat, corn, soybeans, soyoil, soymeal
March 1: Grain Crushing at 2:00pm
March 9: Crop Production/WASDE

Corn:

up 1-2

Wheat:

up 2-4

Beans:

down 1-3

Cattle:
Hogs:
US $:
Crude:

up .150
up .40

GRAINS

52 Week
High

468-4 on
07/14/15

52 Week
High

631-2 on
06/30/15

52 Week
High

1034-0 on
07/14/15

52 Week
Low

354-2 on
01/07/16

52 Week
Low

446-4 on
02/24/16

52 Week
Low

853-4 on
11/23/15

20 Day MA 368-1

20 Day MA 466-0

20 Day MA 875-2

50 Day MA 368-5

50 Day MA 474-1

50 Day MA 876-2

100 Day MA 377-7

100 Day MA 490-0

100 Day
MA

882-5

Corn: ---Night Session Close: May up 1’6 at 361’2 – Dec up 1’2 at 379’4
May opened the week on support at 360’0 and traded to a low of 359’2. Support from last week’s low stands at 357’4 while down trend line support is located near 356’4 and the Jan07 contract low is at 354’2. Posting a session high at 361’6, May over took the previous session high while trend line resistance is likely near 361’2. The 20 and 50 day moving
averages stand at 368’2 and 268’4; respectively.
Soybeans: ---Night Session Close: May down 2’2 at 861’2 – Nov down 2’6 at 873’2
May started the night at 862’6 and posted a session low at 860’2. Falling past the previous session low, support in the 360 region is likely with further support coming from the Jan-06
low of 856’0 and followed by the Nov-23 contract low of 853’4. Trading to a session high of 865’0, resistance from Friday’s session high at 869’0 is possible as is further resistance in
the 870 region. Moving average resistance is from the 10, 20, and 50 day is clustered from 875 to 877.

Wheat: ---Night Session Close: May up 3’6 at 456’0 – Sept up 2’0 at 471’6
Opening the new week at 455’2, May traded to a low of 453’2. Support stands in the 450 region as the previous session low stands at 449’0 and the Feb-24 contract low is at 446’4.
Further support is possible in the 440 region. Trading to a session high of 456’4, the recent double top at 456’2 was over taken this morning while the 10 day moving average stands
at 461’2 and the 20 day is at 466’0.

News:
--- China plants to release the new state corn price policy to help reduce the cost of domestic corn and reduce foreign imports. Some see China cutting the corn price by roughly
25%.
--- On Friday, the traditional funds sold 5,000 soybeans, 3,000 soymeal, and 3,000 wheat and bought 4,000 soyoil. They are estimated to be net short 27,500 soybeans, 49,800
soymeal, 142,000 corn, 94,000 wheat, and estimated to be net long 54,900 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

155.100 on
06/23/15

52 Week
High

213.075 on
06/01/15

52 Week
High

82.525 on
07/07/15

52 Week
Low

123.050 on
12/17/15

52 Week
Low

142.550 on
12/17/15

52 Week
Low

70.250 on
11/16/15

20 Day MA 133.824

20 Day MA 154.629

20 Day MA 80.177

50 Day MA 133.316

50 Day MA 155.941

50 Day MA 78.682

100 Day
MA

100 Day
MA

100 Day
MA

134.496

LINKS

Cash Grain Bids

US Weather

South American Weather

162.527

77.366

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.