Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘15 | 365’4 | -3’2 | Aug ‘15 | 334’0 | -4’0 |
| Dec ‘15 | 377’0 | -3’4 | FH Sep ‘15 | 336’0 | -4’0 |
| Mar ‘16 | 388’0 | -3’6 | |||
| May ‘16 | 394’2 | -3’6 | NC ‘15 | 333’0 | -4’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘15 | 894’2 | +1’4 | Aug ‘15 | 894’0 | +3’0 |
| Nov ‘15 | 877’6 | +3’6 | |||
| Jan ‘16 | 881’0 | +3’4 | |||
| Mar ‘16 | 881’2. | +5’0 | NC ‘15 | 811’0 | +3’0 |
The grains were mixed while equities sold off late despite being higher, closing down 205 points in the Dow
China cuts interest rates & lending reserve requirements today following more losses.
The move came after the Shanghai Composite fell another 7.6% today, 27% in 7 days.
Soybeans firmer today on news out of China along with much-needed new crop export news.
USDA announced 210 kmt of US beans sold to unknown for 2015/16; 120 kmt announced yest.
USDA expects 2015 farm income to drop 36% in 2015, largest year-on-year drop since 1983.
Net farm income is now project to total $58.3 bln, down from $91.1 bln in 2014.
Extended weather models suggests a rain event for the WCB Thur-Fri with .5-1.50” possible.
Rainfall totals diminish as the system pushes into the ECB; NOAA maps relatively dry next week.
There are some moisture shortages in parts of IL, IN, MO, and OH; also eyeing Plains.
Some early harvest noted in central Illinois. Corn reported at 26% moisture