3-22-15

Yearly Changes

Corn - 12 cents Beans - 49.75 Meal - $23.60 Oil - 146

Wheat - 59.75 Crude oil - $6.70 US Dollar + 753

Weekly Changes

CK + 4.50 cents SK - .25 cents

CN + 4.75 SN - unchanged

CZ + 4.50 SX + 3 cents

WK + 28 cents WN + 32.50 cents

Nice technical lows in Corn and November beans held with

more short covering rally after the Fed minutes and Yellen

address. Dollar broke, crude oil rallied off there lows and with the

funds building a short position it was a good time for some covering

positions.

The trendline that corn broke thru is now being retested.

This week shakers

April options come off the board Friday for grains (short term)

26th this week Brazil and truck drivers talk more about negotiations

Drought monitor map

NOAA 3 month forecast (can they even get a 6-10 right)

Week looks cold Eastern corn belt and warm Western

Precep looks as we go to drier conditions in the Delta

March 31st is next Tuesday BIG report

Still long corn and long corn short beans. Looking to take profits

on long corn positions the next 5-9 cents higher .

Be carefull this week with options coming off. Strange things can happen.