Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘16 | 429’0 | -7’4 | June ‘16 | 379’0 | -8’0 |
| Sep ‘16 | 434’0 | -7’6 | July ‘16 | 384’0 | -9’0 |
| Dec ‘16 | 439’4 | -7’0 | Aug ‘16 | 389’0 | -9’0 |
| Mar ‘17 | 444’4 | -6’4 | NC ‘16 | 391’0 | -7’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘16 | 1156’0 | -13’4 | June ‘16 | 1078’0 | -11’0 |
| Aug ‘16 | 1155’0 | -11’0 | July ‘16 | 1078’0 | -11’0 |
| Sep ‘16 | 1145’0 | -10’6 | |||
| Nov ‘16 | 1138’4 | -10’6 | NC ‘16 | 1063’0 | -11’0 |
Uncertain weather forecast continuing to create market jitters.
May NOPA soybean crush was a record 152.8 million bu, up from April’s 147.6 million bu. and well above the average trade estimate of 149.7 million bu.
Soyoil stocks were reported at 1.994 billion pounds, up from April’s 1.943 billion pounds.
Weekly ethanol production for last week was a record 1.013 mil barrels, up .70% from last week.
Weekly ethanol stocks growing to 21.2 million barrels, up 4.8% from a week ago.
Central Iowa ethanol margins are at the best levels in the past 12 months, about 35 cents
Majority of the trade is expecting 1.5 to 2.0 million additional soybean acres in the June 30th report.
The FOMC meeting released its notes on economic and interest rates this afternoon
They left rates unchanged, citing labor market concerns
They projected one to two quarter-point rate hikes this year instead of the 4 projected in December