May 10, 2016

Justin Huebner, Grain Division Manager Grain Commentary

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

May 10, 2016