Ag Hedge Daily Newsletter

1/29/2016
- 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

Jan 29: Ted speaking on Market Rally Radio

Corn:

up 0-1

Wheat:

unchanged

Beans:

up 2-4

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

Cattle:
Hogs:
US $:
Crude:

up .900
up .70

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 361-3

20 Day MA 472-6

20 Day MA 872-0

50 Day MA 367-2

50 Day MA 478-3

50 Day MA 875-1

100 Day MA 378-5

100 Day MA 493-3

100 Day
MA

880-7

Corn: ---Night Session Close: March up 04 at 3660 Dec up 02 at 3876

Opening the night session at 3652, March posted a session low at 3650. The chart gap from 3634 to 3640 may offer support while trend line support stands at 3632 and again at
3596. Moving average support comes from the 20 day at 3614. Current session low matches yesterdays session low and may offer initial support. Trading to a session high of
3666, the 50 day moving average may be initial resistance at 3672 while trend line resistance stands at 3700. The Jan-25 session high of 3724 may offer additional resistance while
the 100 day moving average is at 3784.
Soybeans: ---Night Session Close: March up 24 at 8702 Nov up 30 at 8830
Falling through a cluster of moving averages yesterday, March opened the night at 8686 and set a session low at 8670. Trend line support may be found near 864 to 866 while the

Jan-06 low of 8520 is holding as further support, above the contract low of 8470. Trading to a session high of 8710, the cluster of moving averages consist of the 20, 50 and 100 day
at 8720, 8752, and 8806; respectively. Further resistance is likely from the Jan-19 high of 8880.
Wheat: ---Night Session Close: March up 02 at 4724 Sept down 04 at 4922
Opening the night at 4722, March posted a session low at 4706 with a near test of trend line support 4696. Further support is possible near 465 while the contract low stands at
4560. Posting a session high of 4740, trend line resistance may be found at 4744. The 50 day moving average may provide further resistance, currently at 4784 and in addition to
the key 480 region.
News:
--- Export Sales
Wheat estimated range 250,000-400,000; actual of 294,200 for 15/16 and 52,800 for 16/17
Corn estimated range 800,000-1,000,000; actual of 817,000 for 15/16 and 38,400 for 16/17
Soybean estimated range 500,000-800,000; actual of 647,800 for 15/16
Soymeal estimated range 100,000-250,000; actual of 200,800 for 15/16
Soyoil estimated range 5,000-35,000; actual of 9,100 for 15/16
--- High temps and low soil moisture reserves in India has resulted in a 2.9% drop of total planted acres; mostly wheat, pulses and oilseeds.
--- Rumors are circulating that Mexico has purchased soybeans from Brazil while additional sale cancelations from China may be coming.
--- Bank of Japan slashed interest rates below zero on Friday.
--- On Thursday the traditional funds sold 11,000 soybeans, 7,000 soymeal, 2,000 soyoil, 7,000 corn and 3,000 wheat. They are estimated to be net short 34,500 soybeans, 56,800
soymeal, 157,000 corn and 71,000 wheat. They are estimated net long 48,900 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 132.906

20 Day MA 161.329

20 Day MA 61.939

50 Day MA 131.316

50 Day MA 159.510

50 Day MA 59.553

100 Day
MA

135.431

100 Day
MA

168.982

100 Day
MA

62.795

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.