July 31, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 371’0 -2’2 July ‘15 347’0 +4’0
Dec ‘15 381’2 -2’4 Aug ‘15 347’0 +4’0
Mar ‘16 392’0 -2’6 FH Sep ‘15 347’0 +4’0
May ‘16 398’2 -2’6 NC ‘15 336’0 -2’0

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Aug ‘15 980’6 -9’4 July ‘15 946’0 -13’0
Sep ‘15 953’2 -11’2 Aug ‘15 942’0 -4’0
Nov ‘15 940’2 -9’6      
Jan ‘16 945’6 -9’4 NC ‘15 870’0 -10’0
  • Markets finished lower today with selling prevalent in the late morning hours
  • Beans weaker following export cancellations announced this morning
  • USDA announced the cancellation of 200 kmt of old-crop US beans to China.
  • USDA also announced the sale of 72 kmt of new-crop US corn to Mexico.
  • USDA announced the sale of 67 kmt HRW, 37k white and 22 kmt of HRS wheat to unknown.
  • Wheat Quality Tour pegged US HRS @ 49.9 bpa vs 48.6 LY and 5yr average of 45.2 bpa.
  • The commitment of traders report showed managed money selling 17,417 contracts
  • Managed funds were sellers of 11,679 contracts of beans and 12,998 contracts of wheat
  • Funds were not as aggressive of sellers as the trade had anticipated
  • New month next week will bring new positions and likely show traders’ mentality on direction
  • Crude oil continues to grind lower, down another 2% as stocks continue to build.
  • Iran announces they will not allow US or CA inspectors to inspect nuclear sites.
July 31, 2015