Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘18 | 402’6 | +0’2 | May ‘18 | 353’0 | Unch. |
| Sep ‘18 | 411’2 | +0’2 | June ‘18 | 355’0 | Unch. |
| Dec ‘18 | 421’0 | +0’6 | July ‘18 | 355’0 | Unch. |
| Mar ‘18 | 429’2 | +1’0 | NC ‘18 | 372’0 | +1’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘18 | 1025’2 | +26’6 | May ‘18 | 950’0 | +26’0 |
| Aug ‘18 | 1029’0 | +26’4 | June ‘18 | 949’0 | +26’0 |
| Sep ‘18 | 1030’2 | +25’6 | July ‘18 | 949’0 | +26’0 |
| Nov ‘18 | 1033’6 | +25’4 | NC ‘18 | 954’0 | +26’0 |
US Ag markets shot higher last night after reports that the US/China tariff threats would be suspended
Secretary Treasury Mnuchin reported that very meaningful progress has been made on a trade deal
Mnuchin said US ag exports could be up 35-40% this year alone on the deal
No details were released but is definitely viewed as a promising move as talks progress
Corn planting pace gained 19% from last week to 81% complete; essentially even with avg and last year
Soybeans at 56% planted, up 21% from last week, up 6% from last year, and up 12% from last year
Wheat condition ratings unchanged at 36% good/excellent, vs 52% last year and 44% average
Export inspections this morning were very good for soybeans and good for corn and wheat
Midwest forecasts look to be above normal temps and below average precip for the next two weeks
Brazil’s safrinha crop continues to dry out with small rainfall amounts being reported
Trade will continue to watch the US/China trade agreement proceedings this week to find direction
