September 1, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 356’0 -7’6 FH Sep ‘15 334’0 -13’0
Dec ‘15 369’0 -6’2 NC ‘15 326’0 -5’0
Mar ‘16 380’2 -6’0  
May ‘16 387’0 -5’6  

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 884’6 -12’6 By Sep 10 869’0 -26’0
Nov ‘15 874’0 -13’4 NC ‘15 809’0 -13’0
Jan ‘16 878’6 -13’4  
Mar ‘16 881’0 -12’6  

 

A day of liquidation for equities and crude oil, weighing heavily on soybeans.

Crude oil falls nearly $4 after gaining $10.50 in 3 days of trading; Dow is 470 pts lower.

China dominates the headlines as their PMI reading drops to lowest level in 3 yrs.

Shanghai composite drops 5% but rallies back to finish with a 1.8% loss.

China’s SSE 50 Index has rebounded 6.4% in the final minutes of trading each of the last 4 trading days!

The market continues to find support as government-backed funds attempt to stabilize the market.

Wheat may be finding support due to the weaker dollar and thoughts US prices have reached fair value.

Corn on the Dalian Exchange falls limit lower for 2nd consecutive day on thoughts of reduced gov’t floor price.

The Dow has seen 10 of 11 sessions result in a triple digit move

Aussie weather bureau states current El Nino is the strongest since ‘97-‘98.

Ag Economic Insights reporting 2015 real net farm income (adjusted to 2009 USD) 12th lowest since 1929.

FCStone’s monthly survey results were for corn yield at 165.9 bu/ac vs. 165 last month

Survey results for soybeans were for a 45.4 bu/ac vs. 45 last month

 

September 1, 2015