Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘16 | 334’2 | -3’2 | July ‘16 | 293’0 | -4’0 |
| Dec ‘16 | 340’6 | -3’4 | Aug ‘16 | 297’0 | -3’0 |
| Mar ‘17 | 350’2 | -3’0 | |||
| May ‘17 | 356’0 | -3’0 | NC ‘16 | 296’0 | -3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Aug ‘16 | 1032’4 | +5’4 | July ‘16 | 967’0 | +3’0 |
| Sep ‘16 | 1025’4 | +5’2 | |||
| Nov ‘16 | 1012’4 | +3’4 | |||
| Jan ‘17 | 1012’6 | +3’4 | NC ‘16 | 942’0 | +4’0 |
Another quiet day as corn makes new lows while beans & wheat were a touch higher.
Soybeans attempted to rebound but slipped back below the 100 day moving average at $10.16
US Gulf corn values are now trading at a 20 cent discount to Argentine corn.
Weekly exports were supportive for beans and wheat but below estimates for corn.
Old crop bean sales were 11.9 mb, wheat sales @ 11.9 mb and corn sales just 13.6 mb.
New crop sales include an additional 36.8 mb of beans and 19.9 mb of corn.
Weekly Drought Report showed just 5% of US corn & 6% of bean areas under drought.
IA’s heat index to reach 115 today; NWS 20 year record for DM @ 118 degrees on 7/26/98.
The last maker of the VCR will cut production at the end of July. Amazon still has them for $50.