August 25, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 365’4 -3’2 Aug ‘15 334’0 -4’0
Dec ‘15 377’0 -3’4 FH Sep ‘15 336’0 -4’0
Mar ‘16 388’0 -3’6  
May ‘16 394’2 -3’6 NC ‘15 333’0 -4’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 894’2 +1’4 Aug ‘15 894’0 +3’0
Nov ‘15 877’6 +3’6  
Jan ‘16 881’0 +3’4  
Mar ‘16 881’2. +5’0 NC ‘15 811’0 +3’0

 

The grains were mixed while equities sold off late despite being higher, closing down 205 points in the Dow

China cuts interest rates & lending reserve requirements today following more losses.

The move came after the Shanghai Composite fell another 7.6% today, 27% in 7 days.

Soybeans firmer today on news out of China along with much-needed new crop export news.

USDA announced 210 kmt of US beans sold to unknown for 2015/16; 120 kmt announced yest.

USDA expects 2015 farm income to drop 36% in 2015, largest year-on-year drop since 1983.

Net farm income is now project to total $58.3 bln, down from $91.1 bln in 2014.

Extended weather models suggests a rain event for the WCB Thur-Fri with .5-1.50” possible.

Rainfall totals diminish as the system pushes into the ECB; NOAA maps relatively dry next week.

There are some moisture shortages in parts of IL, IN, MO, and OH; also eyeing Plains.

Some early harvest noted in central Illinois. Corn reported at 26% moisture

 

August 25, 2015