July 13, 2016

Corn

CBOT Prices Two Rivers Cash Bid Prices
Jul ‘16 365’6 +16’0 July ‘16 320’0 +5’0
Sep ‘16 362’0 +9’6 Aug ‘16 324’0 +10’0
Dec ‘16 369’6 +9’4      
Mar ‘17 377’2 +8’4 NC ‘16 325’0 +13’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Jul ‘16 1128’0 +20’6 July ‘16 1061’0 +19’0
Aug ‘16 1122’6 +20’4      
Sep ‘16 1112’6 +20’0      
Nov ‘16 1105’2 +18’2 NC ‘16 1034’0 +21’0

 

July futures go off the trading board tomorrow at noon. Markets added weather premium today

 

Markets looking at hot, dry weather as US weather models increased ridge intensity for the next week

 

Theresa May to become new British Prime Minister following David Cameron’s resignation today

 

Ethanol report supportive for corn with ethanol production at 1.004 mil barrel/wk & stockpiles falling 2% to 21.1 mil barrels

 

Ethanol margins at strongest levels in a year.

 

Crude oil inventories fell 2.55 mil barrels, with gasoline inventories up

 

Lebanon has imposed stricter tests for wheat imports after wheat samples tested positive for carcinogen

 

Japanese officials say government plans “bold economic stimulus” to fight deflation

 

Weaker-than-expected Chinese import/export data also suggests People’s Bank Of China likely to roll out more stimulus in coming months

 

July 13, 2016