Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Jul ‘16 | 358’6 | -14’0 | June ‘16 | 315’0 | -13’0 |
Sep ‘16 | 365’4 | -12’2 | July ‘16 | 315’0 | -18’0 |
Dec ‘16 | 371’2 | -11’6 | Aug ‘16 | 319’0 | -21’0 |
Mar ‘17 | 379’4 | -10’6 | NC ‘16 | 323’0 | -12’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Jul ‘16 | 1175’0 | +30’4 | June ‘16 | 1103’0 | +41’0 |
Aug ‘16 | 1174’2 | +33’6 | July ‘16 | 1103’0 | +41’0 |
Sep ‘16 | 1162’2 | +39’2 |  | ||
Nov ‘16 | 1153’2 | +40’6 | NC ‘16 | 1078’0 | +41’0 |
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USDA est US 2016 soybean acres less than the ave guess. Nov beans were up 40 cents. USDA
also est June 1 soybean stocks more than expected. Soybean market may need to
add a weather and demand premium given fact acres are less than hoped
USDA est US 2016 corn acres more than expected and stocks higher than expected.
December corn was down 12 cents. Corn prices could take some supply premium out of prices given higher June 1 stocks and higher acre.
USDA 2016 US planted acreage  (Mil Acres)
                                           USDA      June      Ave Trade      Trade
Crop                 2015   March    USDA      Estimate        Range
Corn                  88.00       93.60      94.1           92.90      92.00 – 94.00
Soybeans        82.65       82.24       83.7          83.83        82.10 – 85.70
All Wheat      54.64       49.56       50.8           49.87        48.80 – 53.92
Other Spring 13.25       11.35       12.1          11.71        11.00 – 13.35
Durum              1.94         2.00          2.1            1.98           1.80 – 2.10
All Cotton        8.58         9.56        10.2            9.54           9.30 – 9.75
USDA June 1, 2016, Grain & Soybean stocks (Mil Bu)
                                   June       Ave Trade      Trade
Crop           2015   USDA     Estimate           Range
Corn            4,453      4,722        4,528         4,437 – 4,650
Soybeans    627          870           829             775 – 862
Wheat          752           981           982             953 – 1,000