September 16, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 386’0 -4’4 FH Sep ‘15 341’0 -4’0
Dec ‘15 397’2 -4’4 NC ‘15 341’0 -4’0
Mar ‘16 404’4 -4’4 Dec ‘15 357’0 -4’0
May ‘16 409’2 -4’2 Jan ‘15 362’0 -4’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 887’2 -1’6 Aug ‘15 842’0 -12’0
Nov ‘15 891’0 -1’2 NC ‘15 821’0 -2’0
Jan ‘16 893’2 -0’2 Dec ‘15 831’0 -1’0
Mar ‘16 895’0 +0’2 Jan ‘15 832’0 -1’0

 

Corn, beans and wheat turned lower; favorable US weather and improving yields.

Equities are higher as traders anticipate the Fed rate decision on Thursday.

Oil is sharply higher, up nearly 6% as weekly crude supplies show a draw.

Chinese equities had a huge rally today on expected government intervention.

AccuWeather forecast shows continued heavy rains in RGDS to hamper crop conditions.

USDA announced the sale of 184,500 tonnes of US beans sold to China.

Weekly ethanol production rose .3% from LW and 3.2% above LY.

Ethanol stocks dropped 1.88% versus LW and down 2.7% versus LY.

Corn usage for ethanol estimated @ 100.9 mb, needs to avg 100.7 mb.

FSA acreage data showed 84.29 mln corn acres which compares to USDA @ 88.9 ma.

FSA data indicates 80.69 ma of soybeans signed up for gov’t programs versus USDA @ 84.34.

FSA data indicates 52.22 ma of wheat which compares to the USDA @ 56.10 ma.

FSA data also indicates 2.35 ma of corn, 2.22 beans and .69 wheat acres signed up for prevent plant.

September 16, 2015