Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘18 | 377’4 | +10’2 | June ‘18 | 329’0 | +11’0 |
| Sep ‘18 | 386’6 | +10’4 | July ‘18 | 331’0 | +11’0 |
| Dec ‘18 | 398’2 | +10’0 | Aug ‘18 | 331’0 | +11’0 |
| Mar ‘19 | 407’4 | +9’6 | NC ‘18 | 350’0 | +10’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘18 | 954’0 | +0’2 | June ‘18 | 885’0 | Unch. |
| Aug ‘18 | 959’4 | +0’4 | July ‘18 | 879’0 | Unch. |
| Sep ‘18 | 965’2 | +0’4 | Aug ‘18 | 879’0 | Unch. |
| Nov ‘18 | 974’4 | +0’6 | NC ‘18 | 901’0 | +1’0 |
Corn and wheat were the darlings of the grain markets today while soybeans lagged behind
Corn got a bump from a reduced 2017 carryout as well as a 2018 carryout
The USDA cut feed by 25 million bushels and increased ethanol by 50 million bushels
2018 carryout was reduced by 105 million bushels from last month to 1.577 billion bushels
Brazilian corn crop reduced by 2 million tons while some analysts expect further reductions to come
World carryout was increased about 500,000 tons to 154.69 million tons
Soybean 2017 carryout was reduced by 25 million bushels to 505 million
Crush was increased 5 million but that was the lone demand change in the balance table
Resulting 2019 carryout projected at 385 million, down from 415 million last month
South American carryout was increased slightly on no net change to South American crops
Wheat’s strong positive reaction is a bit confusing. Likely attributed to reductions in Black Sea wheat