Central Valley Cooperative

The energy complex is trading mixed as the dollar gains value. The market passes deadline after deadline in regards to Greece and energy trade trust is fading on the EU’s ability to agree on a rescue package. The currency impact gives a stronger dollar and weaker global currencies. Therefore we have weaker commodity values except for refined fuels. On the other side, we have geopolitical concerns. New Iranian sanctions were imposed by Presidents Obama Executive Order yesterday. The freezing all property of the Central Bank of Iran in designed to intensify the current sanctions. Iran defaults on rice payments to India. Russian is talking to Syria, but Syrian army actions continue to create unrest. Brent Crude oil is at 6 month highs on Iran and colder temperatures