June 14, 2016

Corn

CBOT Prices Two Rivers Cash Bid Prices
Jul ‘16 436’4 +6’4 June ‘16 387’0 +7’0
Sep ‘16 441’6 +6’2 July ‘16 393’0 +6’0
Dec ‘16 446’4 +6’4 Aug ‘16 398’0 +7’0
Mar ‘17 451’0 +5’6 NC ‘16 398’0 +6’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Jul ‘16 1169’4 +0’4 June ‘16 1089’0 -10’0
Aug ‘16 1166’0 -3’0 July ‘16 1089’0 -10’0
Sep ‘16 1155’6 -7’0      
Nov ‘16 1149’2 -9’6 NC ‘16 1074’0 -10’0

 

Grains trading lower as trade awaits to see how much precipitation and coverage the forecasted rains will bring to the Midwest over the next 48 hours.

Corn futures ripped higher towards the close to close near the day’s highs

Soybeans bounced towards the end of the session to finish well off the day’s lows

Timely rains are expected over much of the Midwest by Wednesday evening.

Some weather forecasters adding more rains for the Midwest in the 11-15 day period.

Local Des Moines forecast has temps in the 90’s for the next 8 days.

USDA announcing the sale of 110,000 metric tons of soybeans sold to unknown for 2016/17.

USDA announcing the sale of 136,000 metric tons of corn to Japan, 60,000 MT’s is for 2015/16.

August hog futures rally to new contract high of 88.125

A lot of chatter about investors fleeing to safety with the uncertainty of the US FED meeting and Brexit.

German bond yield goes negative on Brexit Fears (the UK exit from the EU).

 

June 14, 2016