Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘16 | 343’6 | -6’0 | July ‘16 | 311’0 | -1’0 |
| Sep ‘16 | 348’2 | -6’6 | Aug ‘16 | 310’0 | -1’0 |
| Dec ‘16 | 355’4 | -7’0 | |||
| Mar ‘17 | 364’0 | -6’4 | NC ‘16 | 308’0 | -7’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘16 | 1082’6 | -7’0 | July ‘16 | 1008’0 | -3’0 |
| Aug ‘16 | 1077’0 | -6’2 | |||
| Sep ‘16 | 1063’4 | -5’0 | |||
| Nov ‘16 | 1055’0 | -2’6 | NC ‘16 | 984’0 | -3’0 |
Fresh news was limited today, focusing primarily on the weather forecasts
Soybean market added weather premium as forecasts predicting ridge moving into W/SW corn belt at end of this week, bringing very high temps and dry conditions
This forecast added more moisture in the midday models, but afternoon models still look hot, dry
Russia is expected to ship large wheat supplies into China during the Fall as new crop is harvested
Citigroup is bullish for commodities in 16/17, as shock from Brexit disappears
USDA Export Inspection numbers corn 53.46 mb, soybeans 13.74 mb, & wheat 13.79 mb, with soybeans well on track to meet USDA estimate
Crop conditions gained 1% in corn to 76% good/excellent vs. 69% last year and 64.2% on average
Soybean conditions gained 1% to 71% good/excellent vs. 63% last year and 61.6% on average
USDA reports that in last 25 yrs. US grain & feed exports to free trade agreement countries have grown by 15%