Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Sep ‘15 | 406’4 | +1’4 | July ‘15 | 367’0 | +5’0 |
Dec ‘15 | 417’4 | +1’4 | Aug ‘15 | 367’0 | +5’0 |
Mar ‘16 | 427’6 | +1’4 | FH Sep ‘15 | 368’0 | +2’0 |
May ‘16 | 433’6 | +1’4 | NC ‘15 | 371’0 | +1’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Aug ‘15 | 1018’6 | +11’0 | July ‘15 | 979’0 | +11’0 |
Sep ‘15 | 1006’4 | +8’2 | Aug ‘15 | 973’0 | +11’0 |
Nov ‘15 | 1004’6 | +5’2 |  | ||
Jan ‘16 | 1010’6 | +5’2 | NC ‘15 | 935’0 | +5’0 |
- Corn and beans are higher as weekly crop ratings remain unchanged.
- Nice to see corn find some strength after hitting a fresh, 3-week low this AM.
- Meanwhile, wheat continues lower due to large global supply and demand uncertainties.
- Corn and bean basis firming again this morning as farmer selling reenters hibernation.
- USDA announced the sale of 110 kmt of new crop beans sold to unknown destination.
- 6-10 day forecast shows more precip for the WCB; above normal temps but cooler.
- 8-14 day forecast shows more precip for IL and WI while heat remains normal.
- Crude oil found support near $50 with some analysts predicting crude stocks to fall.
- El Nino strengthening and will most likely persist into the next year.
- For ARG and S Brazil, this means more rain and warm temps; drought in N Brazil.
- NOAA states Jan-June 2015 the warmest land/sea surface temps on record.
July 21, 2015