Author: Justin Huebner, Grain Division Manager

Corn & beans struggled to keep the early morning rally intact despite continued export sales reported Another 530,000 metric tonnes of beans was reported sold to China and unknown this morning Another 460,000 metric tonnes of corn was reported sold

Corn CBOT Prices Two Rivers Cash Bid Prices Sep ‘20 347’2 +2’6 Sep ‘20 318’0 +5’0 Dec ‘20 358’0 +4’2 NC ‘20 313’0 +3’0 Mar ‘21 368’4 +3’6 Dec ‘20 317’0 +4’0 May ‘21 374’6 +3’2 Jan ‘21 324’0 +5’0

Corn CBOT Prices Two Rivers Cash Bid Prices Sep ‘20 346’0 +1’6 Aug ‘20 321’0 +2’0 Dec ‘20 359’2 +0’6 Sep ‘20 312’0 +7’0 Mar ‘21 369’2 -0’2 NC ‘20 313’0 Unch. May ‘21 375’6 -0’2 Dec ‘20 318’0 Unch.

Corn CBOT Prices Two Rivers Cash Bid Prices Sep ‘20 340’6 +3’6 Aug ‘20 319’0 +3’0 Dec ‘20 354’4 +4’2 Sep ‘20 305’0 +7’0 Mar ‘21 366’2 +3’4 NC ‘20 313’0 +5’0 May ‘21 372’6 +3’4 Dec ‘20 318’0 +5’0

Grains finished higher with hot, dry forecasts feared to be pushing crops and thus reducing yield I believe the August USDA production numbers are the highest we’ll see this crop year with weather stressing plants along with storm damage ravaging

Corn sold off hard and soybeans rallied on the data released by the USDA for the quarterly report

USDA put corn acres at 91.7 million acres, more than 5 million acres lower than average estimates

An interesting day in the markets today as the market shook off the cold, wet forecasts.  Instead they focused on the USDA release of the MFP 2 program. 

Markets lower today but bounced off the lows following the release of the supply & demand reportThe USDA released their first projections for 2019 crop today

Soybeans led the grain complex higher with ideas of further soybean sales possibleOptimism for sales stems from Chinese trade delegation visiting the US this week