October 1, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 388’6 +1’0 NC ‘15 346’0 +1’0
Mar ‘16 399’6 +1’0 Dec ‘15 355’0 +1’0
May ‘16 406’2 +0’6 Jan ‘15 360’0 +1’0
Jul ‘16 410’6 Unch. Feb ‘15 362’0 +1’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 877’2 -14’6 NC ‘15 814’0 -15’0
Jan ‘16 880’6 -13’2 Dec ‘15 821’0 -14’0
Mar ‘16 884’6 -12’4 Jan ‘15 822’0 -13’0
May ‘16 888’2 -11’4 Feb ‘15 825’0 -13’0

 

Corn futures higher, spillover support as wheat trades @ 7 week high; beans were lower.

A poor start to a new quarter with the Dow down 115 points, erasing yesterday’s gain.

Really good exports for beans @ 92 mb, corn low @ 29.5, wheat poor @ just 2.8 mb.

Deliveries included 110 lots of soymeal and 797 lots of soy oil; no bean deliveries.

USDA released the Oilseed Crushings report; first release in 4 years.

August soybean crush at 4.38 million short tons, or 146.1 million bushels – well above 142.0 mbu average estimate. JJA numbers all come in 6-8% over NOPA equivalent months, compared to a historical census/NOPA ratio with about a 5% difference…

Not a good start for Ukraine WW plantings due to drought; continued concerns in Russia.

Agra (ConAgra) announced they are cutting 1,500 jobs and relocating to Chicago.

Lower corn basis being reported in Eastern IA, ADM CR dropped 3 cents on spot bid.

Another quiet day, looks like beans are back to the old trick of selling off after big exports.

Traders remain confident to sell bean rallies, yield reports are fantastic

October 1, 2015