Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘16 | 357’0 | +4’6 | July ‘16 | 316’0 | +5’0 |
| Dec ‘16 | 363’2 | +5’0 | Aug ‘16 | 319’0 | +5’0 |
| Mar ‘17 | 371’6 | +5’4 | |||
| May ‘17 | 376’4 | +6’0 | NC ‘16 | 318’0 | +5’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Aug ‘16 | 1078’2 | +5’6 | July ‘16 | 1021’0 | +9’0 |
| Sep ‘16 | 1075’0 | +9’4 | |||
| Nov ‘16 | 1066’2 | +9’0 | |||
| Jan ‘17 | 1065’0 | +9’2 | NC ‘16 | 995’0 | +9’0 |
Grains rebounded with the hottest temps of the season expected this week.
Markets really turned after midday weather maps showed hotter, drier forecast. Got to love weather markets!
NOAA 6-10 & 8-14 maps show above temps and below precip for IA, MN, MO, KS and Dakotas.
Still, recent rains have gone a long ways in replenishing soil moisture and holding crop ratings.
Argentine truckers to begin an indefinite nationwide strike regarding freight rates.
Weekly inspections were solid @ 52.3 mb corn, 13.5 beans and 16.1 mb wheat.
Brazil’s export commitments are down 34% versus last year, USDA projects a 46% drop.
China’s COFCO & Chinatex announced plans to merge, positioning to compete with multi-nationals
Crop condition report for corn came in at 76% good/excellent, unchanged from last week & above 69% last year
Soybean condition ratings came in at 71% good/excellent, the same as last week but above 62% last year
Weather markets continue to dominate direction on an hourly basis