Ag Hedge Daily Newsletter

1/12/2016
- 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.
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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 12: WASDE, Grain Stocks, Crop Production, and Winter Wheat Seeding at 11:00am
January 14: Export sales at 7:30am Last Trade Day Jan soybeans, soyoil, soymeal Ted live at the CME and
RFD TV at 9:45am
January 15: NOPA Crush at 11:00am Ted speaking on US Farm Report
January 19: Export Inspections at 10:00am
January 21: Ted live at the CME and RFD TV at 9:45am
January 22: Export Sales at 7:30am Cattle on Feed & Cold Storage at 2:00pm
January 25: Export Inspections at 10:00am
January 26: FOMC Meeting
January 27: FOMC Meeting
January 28: Export Sales at 7:30am Last Trade Day Jan Feeders

Corn:

down 0-1

Wheat:

down 0-2

Beans:

down 0-3

Cattle:
Hogs:
US $:

up .250

Crude:

up .20

GRAINS

52 Week High 464-0 on 07/14/15

52 Week High 629-4 on 06/30/15

52 Week Low 348-4 on 01/07/16

52 Week Low 456-0 on 01/04/16

52 Week
High

20 Day MA

362-6

20 Day MA

473-7

52 Week Low 847-0 on 11/23/15

50 Day MA

370-0

50 Day MA

486-5

20 Day MA

870-0

100 Day MA 495-6

50 Day MA

873-0

100 Day MA 380-6

1044-2 on
07/14/15

100 Day MA 881-4

Corn: ---Night Session Close: March down 02 at 3514 Dec down 06 at 3776
Opening the night session at 3520, March traded to a session low of 3510. Down trend line support comes in at 3504 while the contract low stands at 3484 and spot lows at
3464. Hitting a session high at 3524, resistance starts with the 10 day moving average at 3552. The 5 day high at 3576 may offer additional resistance along with the 362364 region. The 50 day moving average stands at 3700.
Soybeans: ---Night Session Close: March up 02 at 8614 Nov unchanged at 8736
Opening the night session at 8612, March traded to a session low of 8592. Up trend line support drawn from the Nov and Dec lows stands at 8610. The 5 day low stands at
8520 and followed by the contract low at 8470. Hitting a session high of 8644, resistance from the 10 day moving average comes in at 8630 while the 20 and 50 day moving
averages stand at 8700 and 8730; respectively.
Wheat: ---Night Session Close: March down 06 at 4682 Sept down 14 at 4890
Opening the night session at 4702, March traded to a session low of 4670. Initial support comes from the 10 day at 4682 and followed by the 5 day low and contract low at
4562 and 4560, respectively. Hitting a session high at 4704, the 20 day offers initial resistance at 4740 and followed by the key 480 region and the 5 day high at 4814.

News:
--- Jan 12 Report Estimates
Wheat
All Winter average est of 39.320 vs 39.461 last year
Hard Red winter average est of 28.810 vs 28.978 last year
Soft Red winter average est of 7.144 vs 7.087 last year
White winter average est of 3.366 vs 3.396 last year
All Wheat End Stocks average est 919 vs 911 in Dec
Global End Stocks average est 229.60mmt vs 229.86 in Dec
Dec 1 Quarterly Stocks average est 1.698 vs 1.530 last year
Corn
Production average est 13.646 vs 13.654 in Nov
Yield average est 169.2 vs 169.3 in Nov
Harvest Acres average est 80.634 vs80.664 in Nov
End Stocks average est 1.785 vs 1.785 in Dec
Global End Stocks average est 212.51mmt vs 211.85 in Dec
Dec 1 Quarterly Stocks average est 11.237 vs 11.211 last year
Brazil Production average est 81.330 vs 81.500
Argentina Production average est 25.640 vs 25.600
Soybean
Production average est 3.981 vs 3.981 in Nov
Yield average est 48.3 vs 48.3 in Nov
Harvest Acres average est 82.404 vs 82.429 in Nov
End Stocks average est 468 vs 465 in Dec
Global End Stocks average est 82.57mmt vs 82.58 in Dec
Dec 1 Quarterly Stocks average est 2.720 vs 2.528 last year
Brazil Production average est 99.290 vs 100.000
Argentina Production average est 57.280 vs 82.580
--- Traditional funds on Monday sold 3,000 soybeans, 4,000 soyoil, 7,000 corn, 6,000 wheat, and they bought 2,000 soymeal. They are estimated net short 82,500 soybeans,
47,800 soymeal, 160,000 corn and 96,000 wheat. They are estimated net long 43,900 soyoil.
--- USDA reports sale of 140,000mt of soybeans to Unknown for 15/16
--- 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

74.250 on
01/15/15

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 131.811

20 Day MA 158.730

20 Day MA

58.879

50 Day MA 132.859

50 Day MA 163.001

50 Day MA

58.572

100 Day MA 137.051

100 Day MA 172.656

100 Day MA 63.229

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.