Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Sep ‘15 | 371’0 | -2’2 | July ‘15 | 347’0 | +4’0 |
| Dec ‘15 | 381’2 | -2’4 | Aug ‘15 | 347’0 | +4’0 |
| Mar ‘16 | 392’0 | -2’6 | FH Sep ‘15 | 347’0 | +4’0 |
| May ‘16 | 398’2 | -2’6 | NC ‘15 | 336’0 | -2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Aug ‘15 | 980’6 | -9’4 | July ‘15 | 946’0 | -13’0 |
| Sep ‘15 | 953’2 | -11’2 | Aug ‘15 | 942’0 | -4’0 |
| Nov ‘15 | 940’2 | -9’6 | |||
| Jan ‘16 | 945’6 | -9’4 | NC ‘15 | 870’0 | -10’0 |
- Markets finished lower today with selling prevalent in the late morning hours
- Beans weaker following export cancellations announced this morning
- USDA announced the cancellation of 200 kmt of old-crop US beans to China.
- USDA also announced the sale of 72 kmt of new-crop US corn to Mexico.
- USDA announced the sale of 67 kmt HRW, 37k white and 22 kmt of HRS wheat to unknown.
- Wheat Quality Tour pegged US HRS @ 49.9 bpa vs 48.6 LY and 5yr average of 45.2 bpa.
- The commitment of traders report showed managed money selling 17,417 contracts
- Managed funds were sellers of 11,679 contracts of beans and 12,998 contracts of wheat
- Funds were not as aggressive of sellers as the trade had anticipated
- New month next week will bring new positions and likely show traders’ mentality on direction
- Crude oil continues to grind lower, down another 2% as stocks continue to build.
- Iran announces they will not allow US or CA inspectors to inspect nuclear sites.
July 31, 2015
