September 27, 2016

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘16 331’6 +2’6 NC ‘16 283’0 +3’0
Mar ‘17 341’6 +2’6 Dec ‘16 297’0 +2’0
May ‘17 348’6 +2’6 Jan ‘17 306’0 +3’0
July ‘17 355’6 +3’0 Feb ‘17 309’0 +3’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘16 952’4 +7’2 NC ‘16 883’0 +8’0
Jan ‘17 958’6 +7’2 Dec ‘16 894’0 +7’0
Mar ‘17 965’2 +8’0 Jan ‘17 894’0 +7’0
May ‘17 971’0 +8’0 Feb ‘17 889’0 +7’0

 

Corn values led around by the soybean and wheat markets, which sparked a late rally

Corn condition ratings resisted the tendency for crop ratings to fall late in the growing season

China tried selling corn out of their reserves again but were unsuccessful

That’s likely their last attempt at sales for now during their harvest season

The government doesn’t want to push down domestic prices artificially with these reserve auctions

The USDA announced the sale of 120,000 tons of beans sold to China

Certain locks on the Mississippi River that were expected to be closed this week may not close now

Northern Brazilian dry areas received some rain relief in parts of that region

West Southern Brazil is drying a bit and allowing some planting to occur

 

September 27, 2016