Disclaimer This material has been prepared by a sales or trading employee or agent of Compass Hedging, LLC and/or R.J. O’Brien & Associates LLC and is, or is in the nature of, a solicitation. This material is not a research report prepared by Compass Hedging, LLC and/or R.J. O’Brien & Associates LLC. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions. DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Compass Hedging, LLC and/or R.J. O’Brien & Associates LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. NON-DISCRIMINATION STATEMENT: Compass Ag Insurance LLC is an equal opportunity provider. In accordance with Federal law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating on the basis of race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). The information contained in this brochure is for general information only and shall not represent nor modify the terms of any insurance policy. ACCURACY AND USE OF REPORTS: Compass Ag Solutions and its affiliates (“Compass”) provide reports and market information (“Reports”) to customers, subscribers, and other participants in the agricultural supply chain. Reports are intended solely for the recipient and are not to be shared without explicit written consent by Compass. While every effort is made to ensure accuracy, Compass does not warrant or guarantee the accuracy of the Reports. You are strongly recommended to compare any Reports with the official statements provided by your Futures Clearing Merchant or Insurance Provider for any discrepancies. It is your responsibility to ensure the accuracy of your official statements, as any mistakes contained in Compass Reports will not impact or alter the amounts held or due your Futures Clearing Merchants or Insurance Providers. If a discrepancy is noted, please contact Compass and we will give it our immediate attention.