Ag Hedge Daily Newsletter

2/16/2016
- 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 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:

up 2-3

Wheat:

up 3-5

Beans:

up 3-5

Cattle:
Hogs:
US $:
Crude:

up .600
down .10

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

455-0 on
02/12/16

52 Week
Low

847-0 on
11/23/15

20 Day MA 366-5

20 Day MA 470-6

20 Day MA 875-0

50 Day MA 366-1

50 Day MA 474-5

50 Day MA 875-2

100 Day MA 375-5

100 Day MA 490-3

100 Day
MA

879-6

Corn: ---Night Session Close: March up 24 at 3612 Dec up 20 at 3836

Starting the new week at 3596, March posted the current session low at the open. Trend line support stands at 3586 with further support possible near 3570. Additional support is
possible at the 3494 double bottom before reaching the contract low. Trading to a session high of 3634, last weeks high may offer resistance at 3670 while moving average
resistance from the 20 and 50 day is at 3666 and 3660; respectively. Further resistance is likely from the Feb-02 high of 3736.
Soybeans: ---Night Session Close: March up 50 at 8776 Nov up 42 at 8902
Opening the night at 8754, March set a low at 8752. The 50 day moving average may offer support at 8752 in addition to the 20 day at 8750. Trend line support stands at 8706
while last weeks low remains at 8594. Trading to a session high of 8826, resistance along the 100 day moving average was tested at 8796. Further resistance is possible from the

Feb-02 high of 8894.

Wheat: ---Night Session Close: March up 40 at 4614 Sept up 40 at 4810
Opening the night at 4602, March posted a session low of 4600. Trend line support stands at 4576 while remaining support stands at the double bottom on the contract low of
4550. Posting a session high of 4650, resistance from the 10 day moving average stands at 4650. Last weeks high stands at 4686 while the 20 day moving average stands at
4706 and the 50 day is at 4744.
News:
--- Brazils soybean harvest is seen at 16% vers 14% last year.
--- NOPA Crush is estimated to show crushing at 155.627 million bushels in January with a range of 153.800-158.000 vers the Dec crush of 147.711 million bushels. Soyoil stocks
are seen as rising from 1.481 billion pounds to 1.540 with a range of 1.3 to 1.67 billion pounds.
--- Argentinas Rosario grain exchange raised its estimate of soybean production to 56.5 million tons from 55 million. Corn harvest is estimated at 24.2 million tons vers 23.8.
--- Brazilian ports show 163 ships waiting to load soybeans and corn vers 66 ships waiting this time last year.
--- There is increased talk that leading OPEC members may be close to an agreement on production restrictions, but likely depends on additional members joining in the restrictions.
A proposal was announced from Saudi Arabia, Russia, Qatari and Venezuela to freeze supply at January levels.
--- On Friday, the traditional funds sold 2,000 soybeans, 1,000 soymeal, 4,000 corn, and bought 3,000 soyoil. They are estimated to be net short 68,500 soybeans, 48,800 soymeal,
103,000 corn, 81,000 wheat, and are estimated net long 47,900 soyoil.
--- USDA announced sale of 190,000 tons of corn to Columbia 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

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 132.785

20 Day MA 161.093

20 Day MA 64.460

50 Day MA 131.628

50 Day MA 159.532

50 Day MA 61.282

100 Day
MA

100 Day
MA

100 Day
MA

134.502

168.726

62.496

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.