Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘16 | 321’0 | -1’4 | Aug ‘16 | 281’0 | -1’0 |
| Dec ‘16 | 331’6 | -1’2 | NC ‘16 | 287’0 | -1’0 |
| Mar ‘17 | 342’0 | -1’2 | |||
| May ‘17 | 349’0 | -1’0 | |||
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Aug ‘16 | 1022’2 | +5’2 | Aug ‘16 | 939’0 | +2’0 |
| Sep ‘16 | 1001’6 | +3’2 | |||
| Nov ‘16 | 984’0 | +1’6 | NC ‘16 | 913’0 | +2’0 |
| Jan ‘17 | 983’4 | +1’4 | |||
Soybean futures rallied following big weekly new crop export sales; corn & wheat lower.
Outside markets now friendly: crude oil rallying $1.80, the dollar now mixed, & the Dow up 118 pts.
IEA cut global oil growth next year by 100,000 barrels; Saudi / OPEC to meet on production concerns.
Weekly exports were 11.3 mb old crop & 102.6 mb new crop beans; 23.4 old & 40 mb new crop corn.
USDA also announced the sale of 120 kmt new beans to China & 129 kmt new crop to unknown.
USDA also announced the sale of 100,460 mt of meal to Mexico for the 2016/17 & 2017/18 crop.
Brazilian real @ highest level since July 2015 as Senate pushes forward with impeachment process.
Saudi Arabia seeking 600 kmt of hard wheat for Oct-Nov shipment, Friday deadline for offers.
Weekly Drought Monitor shows drought alleviating thru Midwest, growing throughout the High Plains.
Survey shows a 71% chance of fed rate hike in Dec while responders give an 11% chance of a Sep hike.
Kansas City fed says non-irrigated land fell 3%, irrigated fell 5% versus last year (for their district).