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Bergman Grains Midday 7.22.13

Doug Bergman 07/22/2013 @ 11:32am Originally from a grain and livestock farm in central Illinois, Doug Bergman began his brokerage career at Iowa Grain Company before moving on to a broker/analyst role at MF Global. Doug currently runs the agricultural trading desk at RCM Asset Management, providing trading and hedging solutions to commercial grain and livestock customers as well as speculative traders. Doug provides his customers with timely research and analysis, producing three daily research reports. Doug still takes an active role in the family farm.

DOUG, BERGMAN +1 312-870-1503

VP - Agricultural Derivatives



Market Commentary | US

7/22/2013, 11:00 CST


Bergman Grains Midday


The ag markets are trading mixed with old crop beans and meal trading to new highs while corn and wheat work lower.  Sep. corn is down 5, Dec. down 6, August beans up 24, Nov. up 11, Chicago wheat down 7, KC down 6, and MW down 2.


Corn traded its highest price on the open last night, but has spent much of the morning trading in the mid-4.90’s.  There was big volume put selling on the open this morning of the Dec. 4.50’s, but the trade has been pretty quiet other than that.  Ratings are expected to be supportive this afternoon, but the cool forecast is keeping buyers away this morning.

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