April 26, 2018

Corn

CBOT Prices Two Rivers Cash Bid Prices
May ‘18 386’0 -0’4 Apr ‘18 342’0 -1’0
Jul ‘18 395’2 -0’4 May ‘18 343’0 -1’0
Sep ‘18 402’2 -0’6 June ‘18 347’0 -1’0
Dec ‘18 411’2 -1’0 NC ‘18 362’0 -1’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
May ‘18 1028’0 +0’4 Apr ‘18 954’0 Unch.
Jul ‘18 1039’4 +0’2 May ‘18 956’0 Unch.
Aug ‘18 1041’4 Unch. June ‘18 957’0 +1’0
Nov ‘18 1033’2 -1’4 NC ‘18 953’0 -2’0

 

An uneventful finish to a session that saw some prices swings early

The market isn’t willing to rally but also isn’t willing to sell off with many question marks out there

Export sales were poor for corn and soybeans but good for wheat

However, wheat struggled when the forecasts were released with more precip chances working in

There are some freezing temps expected in Ohio Valley areas, may affect planted wheat

Planters are rolling south of highway 20 in Iowa, very little progress being made north of there

Dry weather in southern Iowa still the concern, precip chances do show up early next week

There’s more talk of tariff talk than tariff threats as both sides are trying to find common ground

Cargoes of sorghum affected by anti-dumping tariffs are being redirected to various countries

Interestingly, a news report said one cargo was redirected to the Canary Islands

US Census Bureau indicates we haven’t shipped coarse grains to the Canary Island  in the last 5 years

April 26, 2018