BOB'S REVIEW
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Dec 23, 2015  12/23/15 1:30:08 PM

I’m glad the moisture we’ve been getting has come in the form of rain and not snow.  Otherwise, we’d have a lot of snow to move.   It looks like we will celebrate Christmas without snow this year. 
 
We will be closing at noon tomorrow and closed Friday.  The CME closes at noon Thursday and will start at 7:00 pm Sunday night.
 
We mailed out deferred patronage checks last Friday.  You have all ready paid taxes on these funds.   Thank for your support.
 
The only thing new in the grain markets over the past month is some dry areas starting to show up in part of northern Brazil.  We could see a reduction in bean yields in these areas.  The manage money players have put a little weather premium into the bean market.  It’s not much currently but just enough to keep everyone’s interest.  Basis values remain supported in the near term.  I don’t see the future markets doing much over the next several months.  We’ll continue to trade within the last 5 months price range.  The only reason we’d see higher values would be if SA does dry out or we have some issue with our planting and growth seasons. 
 
Check your grain bins. It won’t take very long for grain to go out of condition given the warm weather we have had this fall.           
 
Merry Christmas!
 
Bob     
 
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