September 18, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 377’2 -2’4 FH Sep ‘15 337’0 Unch.
Dec ‘15 388’4 -2’4 NC ‘15 337’0 +1’0
Mar ‘16 396’0 -2’4 Dec ‘15 347’0 +1’0
May ‘16 401’6 -2’0 Jan ‘15 348’0 -3’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 867’2 -17’2 Aug ‘15 812’0 -17’0
Nov ‘15 871’4 -17’2 NC ‘15 802’0 -16’0
Jan ‘16 874’6 -17’2 Dec ‘15 812’0 -17’0
Mar ‘16 874’6 -16’6 Jan ‘15 812’0 -17’0

 

Soybeans sharply lower, corn was slightly lower and wheat futures were a nickel firmer.

Early bean yields continue to be impressive with numerous 60-75 bpa results reported.

The dollar was higher after hitting the lowest level in 3 weeks; Equities/crude sharply lower.

USDA announced the sale of 25 kmt of US soyoil to Egypt for the current marketing year.

Brazilian ag agents announced a strike on Thursday that could disrupt their corn exports.

Brazil’s SAFRAS predicts the 15/16 soy @ 100.5 mmt (99.8 July); corn @ 88.6 (86.2 July).

Strong thunderstorms developed in Eastern NE and Northern MO and pushed into IA.

The U.S. opened up business with Cuba by easing the emabargo. Takes effect Monday September 21

Goldman Sachs on Thursday predicted low crude oil prices will last for the next 15 years.

GS has a history of changing forecasts; in 2008 predicted $200 crude but fell to $35 in less than 1 year.

Farmer’s Almanac: warm and dry summer 16’ for Iowa following a normal IA winter but frigid Northeast winter.

Commitment of Traders report showed traders shorter than anticipated in beans

 

Cattle on Feed report showed fewer cattle on feed and fewer place on feed. Supportive cattle prices

September 18, 2015