Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘18 | 399’4 | +3’4 | May ‘18 | 358’0 | +4’0 |
| Jul ‘18 | 408’0 | +3’0 | June ‘18 | 360’0 | +3’0 |
| Sep ‘18 | 415’4 | +2’6 | July ‘18 | 360’0 | +3’0 |
| Dec ‘18 | 422’2 | +2’4 | NC ‘18 | 373’0 | +2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘18 | 1043’2 | +10’4 | May ‘18 | 975’0 | +14’0 |
| Jul ‘18 | 1053’2 | +10’2 | June ‘18 | 970’0 | +10’0 |
| Aug ‘18 | 1056’2 | +10’4 | July ‘18 | 970’0 | +10’0 |
| Nov ‘18 | 1049’4 | +8’6 | NC ‘18 | 970’0 | +9’0 |
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Grain finished higher again today with a late surge from soybeans helping out
Soybeans surged about 17 cents in just a few minutes with reports of a China-US trade agreement
The agreement is expected to be announced during Beijing’s trading session (our overnight session)
Again, this doesn’t help corn or wheat, as we don’t sell China much of either commodity
Wheat continues to find strength with poor wheat conditions found on the wheat tour
Corn is getting support from wheat, dry safrinha crop in Brazil, and delayed planting in the US
Nearby corn prices are the highest they’ve been on a nearby futures chart since June 2016
Dec corn is trading at the highest level since July 2017 before the rains showed up in the drought
The market is trying to encourage every acre of corn be planted that was intended to be planted
The market is also trying to convince wheat growers to not tear up wheat and plant soybeans instead
Corn & new crop soybean export sales were reported this morning above expectations