September 22, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 380’4 -4’0 By Sep 25 336’0 -9’0
Mar ‘16 392’2 -3’6 NC ‘15 338’0 -7’0
May ‘16 399’4 -4’0 Dec ‘15 347’0 -5’0
Jul ‘16 404’6 -4’2 Jan ‘15 352’0 -4’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 861’6 -12’4 By Sep 23 807’0 -12’0
Jan ‘16 866’4 -12’2 NC ‘15 796’0 -13’0
Mar ‘16 871’0 -11’2 Dec ‘15 807’0 -12’0
May ‘16 874’2 -10’6 Jan ‘15 807’0 -12’0

 

Risk-off type mentality with most commodities as well as equities significantly lower.

The dollar jumped another .4% and approaching a 2-week high; the Dow falls 180 points.

Interesting to see bean ratings jump 2% despite 56% of the crop dropping leaves.

Perhaps bean ratings improving just to keep in tandem with excellent Western Corn Belt yield reports?

Beans are now rated 63% G/E, corn is rated 68% G/E; winter wheat is 19% planted.

Ukraine’s ag ministry lowered their 2015 grain harvest by 1% to 59.5 mmt.

One weather group estimates Ukraine saw just 50% of normal rainfall since Aug 1.

U.S. weather looks ideal for harvest progress in the 8-14 day timeframe

Brazilian real hits an all-time record low versus the dollar, which has sparked farmer selling.

China’s trade delegation trip to the US underway, purchase announcements possible on Thur.

A Reuters poll: 72 out of 93 economists expect the Fed to raise rates in Dec.

Volkswagen is crashing on emissions scandal, down 20% today and 35% in 2 days.

 

September 22, 2015