September 4, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 349’4 +1’6 FH Sep ‘15 327’0 +1’0
Dec ‘15 363’0 +1’4 NC ‘15 320’0 +2’0
Mar ‘16 374’4 +1’4 Dec ‘15 333’0 +1’0
May ‘16 381’4 +1’4 Jan ‘15 339’0 +1’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Sep ‘15 877’2 -2’4 Aug ‘15 851’0 -10’0
Nov ‘15 866’4 -3’0 NC ‘15 800’0 -3’0
Jan ‘16 869’6 -3’6 Dec ‘15 810’0 -4’0
Mar ‘16 871’0 -3’4 Jan ‘15 810’0 -4’0

 

A quiet day of trading to finish off a mostly bearish week.

In the overnight, wheat formed new contract low, corn to a new low for the move.

US Midwest looks hot this weekend ahead of a front Sun/Mon producing cooler temps/rain .

2” rains possible from Kansas City to Green Bay; much lighter rains for S portion of ECB.

Dry conditions in western India gaining attention; crush group sees record palm oil imports.

The Dow is down 272 pts today, down over 550 points (3.3%) for the week.

China remains on holiday; US markets closed Monday; Tue could be volatile for financials.

Next week the trade will begin focusing on expectations for the Sep 11th Supply / Demand report.

The monthly unemployment report showed 173k new jobs vs 217k expected.

Unemployment rate drops to 5.1%, the lowest level since March 2008.

Today’s data may suggest the Fed is not in position to raise rates this month. Time will tell

 

September 4, 2015