May 10, 2016

Corn

CBOT Prices			Two Rivers Cash Bid Prices
May ‘16	378’4	+10’6	May ‘16	340’0	+13’0
Jul ‘16	381’0	+12’0	June ‘16	341’0	+14’0
Sep ‘16	382’6	+11’6	July ‘16	343’0	+12’0
Dec ‘16	387’6	+10’6	NC ‘16	340’0	+10’0

 

Soybeans

CBOT Prices			Two Rivers Cash Bid Prices
May ‘16	1076’0	+57’2	May ‘16	1004’0	+57’0
Jul ‘16	1084’0	+57’4	June ‘16	1004’0	+57’0
Aug ‘16	1085’4	+56’6	July ‘16	1009’0	+57’0
Nov ‘16	1067’4	+51’6	NC ‘16	997’0	+52’0

USDA 2015/16 ending stocks estimate (Million Bushels)

USDA        USDA         Ave Trade        Trade

Crop             2015        2016           Forecast          Range

Corn              1,862         1,803                1,841       1,762 – 1,890

Soybeans       445            400                   426           395 – 445

Wheat            976            978                    981          961 – 1,011

USDA 2016 crop estimate (Million Bushels)

USDA           USDA         Ave Trade        Trade

Crop             2015           2016           Forecast          Range

Corn              13,601       14,430            14,151       13,590-14,431

Soybeans      3,929           3,800             3,788          3,703-3,930

USDA 2016/17 ending stocks estimate (Million Bushels, Except Cotton in Million Bales)

                        USDA        USDA      Ave Trade        Trade

Crop    Feb. Outlook      May        Forecast           Range

Corn              1,977               2,153           2,294          1,950 – 2,555

Soybeans        440                  305              405              290 – 500

Wheat              989               1,029             997              820 – 1,140

USDA 2016 US winter wheat production forecast (Million Bushels)

USDA       USDA         Ave Trade        Trade

Crop             2015        2016           Forecast          Range

All winter 1,370           1,427             1,384          1,220 – 1,572