Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘18 | 365’0 | -7’2 | Aug ‘18 | 319’0 | -7’0 |
| Dec ‘18 | 379’4 | -7’0 | |||
| Mar ‘19 | 390’2 | -6’6 | NC ‘18 | 331’0 | -7’0 |
| May ‘19 | 396’0 | -6’2 | Dec ‘18 | 336’0 | -7’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Aug ‘18 | 886’6 | -17’0 | Aug ‘18 | 821’0 | -17’0 |
| Sep ‘18 | 891’4 | -17’2 | |||
| Nov ‘18 | 901’6 | -17’2 | NC ‘18 | 821’0 | -17’0 |
| Jan ‘19 | 912’6 | -16’6 | Dec ‘18 | 838’0 | -17’0 |
Grain finished lower today after a strong session yesterday led by talk of trade talks resuming
President Trump yesterday considered increasing tariff from 10% to 25% according to some news
Nothing definitive was announced from the White House, however
Action led by being unhappy about trade talk progression between China and US
Yesterday’s rally also fueled by hot and dry forecasts; forecasts cooled some in today’s models
Majority of corn belt received 1.5-3” less than average rainfall in July
Ethanol production last week fell from week prior but production remains quite good still
FCStone rolled out their yield survey results this afternoon after the close
Corn yield estimated at 178.1 bu/ac; much higher than 162.8 bu/ac
Soybean yield estimated at 51.5 bu/ac; much higher than 47.7 bu/ac last year
Iowa yields put at 198 bu/ac and 59 bu/ac, blowing away last year at 180 and 55 respectively