April 2, 2019

Corn

CBOT Prices Two Rivers Cash Bid Prices
May ‘19 361’4 -0’2 Apr ‘18 326’0 +1’0
Jul ‘19 370’6 -0’2 May ‘19 327’0 +2’0
Sep ‘19 379’2 Unch. June ’19 328’0 +2’0
Dec ‘19 389’4 +0’6 NC ‘19 340’0 +1’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
May ‘19 900’0 +4’4 Apr ‘19 816’0 +4’0
July ‘19 913’4 +4’6 May ‘19 816’0 +4’0
Aug ‘19 919’4 +4’6 June ’19 821’0 +5’0
Nov ‘19 932’6 +4’4 NC ‘19 843’0 +5’0

 

Soybeans led the grain complex higher with ideas of further soybean sales possible

Optimism for sales stems from Chinese trade delegation visiting the US this week

Corn and wheat prices struggled most of the day before posting a stronger close to the day

Corn crush for ethanol numbers yesterday were weak with plants taking downtime in February

Weak ethanol crush margins also limiting corn usage, providing another hit to corn demand numbers

Soy crush was slowed for plant downtime as well

Corn and soybean planting progress in the South running ahead of normal planting pace

Midwest fieldwork has been unable to start with excessive moisture virtually everywhere

Higher temps may allow some fieldwork to begin again next week if rains hold off

Funds hold record short position in corn, will look to buy the positions back before US growing season

 

April 2, 2019