Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘15 | 366’4 | -4’4 | Aug ‘15 | 344’0 | -3’0 |
| Dec ‘15 | 376’4 | -4’6 | FH Sep ‘15 | 344’0 | -3’0 |
| Mar ‘16 | 387’2 | -4’6 | |||
| May ‘16 | 393’4 | -4’6 | NC ‘15 | 332’0 | -4’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Aug ‘15 | 977’4 | -3’2 | Aug ‘15 | 937’0 | -5’0 |
| Sep ‘15 | 945’0 | -8’2 | |||
| Nov ‘15 | 935’4 | -4’6 | |||
| Jan ‘16 | 941’0 | -4’6 | NC ‘15 | 865’0 | -5’0 |
- Grains gaining back some of the early losses, but closing lower after trading near unchanged
- Slow news day today and pretty quiet considering it’s a new month with traders typically putting on new positions in the new months
- Trade will receive a slew of private crop estimates this week.
- Informa to release updated production numbers on Wednesday.
- Crude oil continuing to make new lows for the move.
- Doane Advisory Service estimating U.S. corn yield at 163.3bu/acre soy yield estimated at 44.2 bu./acre Corn production estimated at 13.204 billion bu. Bean production estimated at 3.675 billion bu.
- Informa July production estimate had U.S. corn yield at 165.4 Bu/Acre production at 13.412 billion bu.
- Informa July production estimate had soybean yield at 45.1 Bu/Acre production at 3.808 billion bu.
- Weekly export inspections for week ending 7-30-2015 were 4.46 million bu soybeans and 36.25 million bu. Corn
- These were a little disappointing when looking at the past few weeks and lower prices
- Crop conditions report showed corn unchanged at 70% good/excellent vs. 73% last year and 58.2% on average. Iowa was unchanged at 83%
- Bean conditions were up 1 point to 63% good/excellent vs. 71% last year and 58.2% on average. Iowa was up 3 points to 79%
August 3, 2015