Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘16 | 387’2 | -5’6 | June ‘16 | 342’0 | -1’0 |
| Sep ‘16 | 392’4 | -5’6 | July ‘16 | 347’0 | -1’0 |
| Dec ‘16 | 397’6 | -6’2 | Aug ‘16 | 352’0 | -1’0 |
| Mar ‘17 | 405’2 | -5’4 | NC ‘16 | 349’0 | -7’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jul ‘16 | 1124’4 | -13’0 | June ‘16 | 1041’0 | -16’0 |
| Aug ‘16 | 1123’4 | -13’6 | July ‘16 | 1041’0 | -16’0 |
| Sep ‘16 | 1109’0 | -14’6 | |||
| Nov ‘16 | 1101’4 | -15’2 | NC ‘16 | 1026’0 | -16’0 |
Corn continues to struggle due to favorable weather and anticipation of the UK vote to leave the EU
Corn found support @ the 100 day MA bu still down 50 cents on the week
Awaiting Brexit vote late tonight, overnight market reactions and strength of the British pound support staying
July options will expire tomorrow, June 24
Good numbers again for corn & soybean export sales, exceeding USDA estimates; wheat sales lack due to large world oversupply
New crop soybean sales have finally exceeded last year’s sales – YOY
China remains good buyers of beans due to Chinese crush margin improvement
US weather outlook suggests cooler than normal temps to end June & start July
Latest drought map shows some abnormal dryness in Corn Belt, but this week’s rain event not factored in
DuPont and Bayer have launched a fund that will back agricultural technology start-up companies, although farm profits are shrinking
US wheat shipment rejected by Egypt due to long-standing prosecutor order prohibiting ANY ergot in imported wheat