Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Sep ‘15 | 373’2 | +5’4 | July ‘15 | 343’0 | +7’0 |
Dec ‘15 | 383’6 | +5’4 | Aug ‘15 | 343’0 | +7’0 |
Mar ‘16 | 394’6 | +5’6 | FH Sep ‘15 | 343’0 | +7’0 |
May ‘16 | 401’0 | +5’4 | NC ‘15 | 338’0 | +6’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Aug ‘15 | 990’2 | +7’2 | July ‘15 | 959’0 | +10’0 |
Sep ‘15 | 964’4 | +7’4 | Aug ‘15 | 946’0 | +7’0 |
Nov ‘15 | 950’0 | +6’6 |  | ||
Jan ‘16 | 955’2 | +6’4 | NC ‘15 | 880’0 | +7’0 |
- Higher markets with beans leading the way early on solid export sales.
- Exports were supportive for beans with 15.3 mb old and 33 mb new crop; China main buyer.
- Corn sales disappointing @ 14.4 mb and new crop @ 17.5 mb; wheat @ 25.7 mb.
- Soybean sales exceed last year’s pace by 186 mb vs USDA forecasting a final gain of 178 mb.
- Corn sales trail last year’s pace by 59 mb vs the USDA forecasting a final decline of 67 mb.
- Soybeans looking better technically as 50 day crosses above the 100 day ma this week.
- USDA announced the sale of 140,000 mt of new crop US beans to unknown buyer.
- Cash markets continue to firm on the lack of cash selling; bean spread continue firming.
- Crude has turned higher; Saudi Arabia noting lower production because of slowing demand.
- Fed comments yesterday were bullish the job market but slow inflation worrisome.
- Aussie weather bureau sees unseasonably dry conditions in the SE, risk for winter crops.
- First Notice Day for August beans is tomorrow with longs reported today after the close.
July 30, 2015