Quote Ticker
  • CORN (Dec 16) 328'4 -0'6 9/30/16   3:17 AM CST
  • CORN (Mar 17) 338'6 -0'2 9/30/16   2:35 AM CST
  • CORN (May 17) 345'4 -0'4 9/30/16   3:14 AM CST
  • SOYBEANS (Nov 16) 947'4 -2'6 9/30/16   3:16 AM CST
  • SOYBEANS (Jan 17) 953'0 -3'2 9/30/16   3:14 AM CST
  • SOYBEANS (Mar 17) 960'0 -3'0 9/30/16   2:53 AM CST
  • WHEAT (Dec 16) 398'2 -0'6 9/30/16   3:17 AM CST
  • WHEAT (Mar 17) 420'6 -1'0 9/30/16   3:16 AM CST
  • WHEAT (May 17) 434'2 -1'2 9/30/16   3:16 AM CST
  • SOYBEAN MEAL (Oct 16) 2951 - 28 9/30/16   3:14 AM CST
  • SOYBEAN MEAL (Dec 16) 2969 - 18 9/30/16   3:17 AM CST
  • SOYBEAN MEAL (Jan 17) 2979 - 19 9/30/16   3:14 AM CST
  • SOYBEAN OIL (Oct 16) 33.00 -0.09 9/30/16   2:48 AM CST
  • SOYBEAN OIL (Dec 16) 33.29 -0.05 9/30/16   3:17 AM CST
  • SOYBEAN OIL (Jan 17) 33.51 -0.07 9/30/16   3:18 AM CST
  • OATS (Dec 16) 176'4 0'4 9/30/16   12:32 AM CST
  • OATS (Mar 17) 186'2 1'0 9/29/16   10:22 PM CST
  • OATS (May 17) 193'4 3'2 9/29/16   9:05 PM CST
  • LEAN HOGS (Oct 16) 51.975 0.325 9/29/16   1:04 PM CST
  • LEAN HOGS (Dec 16) 46.900 0.275 9/29/16   1:04 PM CST
  • LEAN HOGS (Feb 17) 51.550 0.400 9/29/16   1:04 PM CST
  • LIVE CATTLE (Oct 16) 101.800 - 1.575 9/29/16   1:04 PM CST
  • LIVE CATTLE (Dec 16) 102.875 - 0.500 9/29/16   1:04 PM CST
  • LIVE CATTLE (Feb 17) 103.200 - 0.675 9/29/16   1:04 PM CST
  • ETHANOL (Oct 16) 1.540 -0.016 9/29/16   1:17 PM CST
  • ETHANOL (Nov 16) 1.470 -0.023 9/29/16   1:27 PM CST
  • ETHANOL (Dec 16) 1.416 -0.019 9/29/16   1:19 PM CST
  • MILK CLASS III (Sep 16) 16.39     CST
  • MILK CLASS III (Oct 16) 15.15 0.01 9/29/16   5:02 PM CST
  • MILK CLASS III (Nov 16) 15.52     CST
  • 10 YR US TREASURY NOTE (Dec 16) 131'22.0 0'04.5 9/30/16   3:17 AM CST
  • 10 YR US TREASURY NOTE (Mar 17) 130'26.0     CST
  • 10 YR US TREASURY NOTE (Jun 17) 130'25.0 0'04.5 9/29/16   2:01 PM CST
  • S&P 500 INDEX (Dec 16) 2149.00 - 14.70 9/29/16   3:18 PM CST
  • S&P 500 INDEX (Mar 17) 2156.00 - 14.80 9/29/16   3:18 PM CST
  • S&P 500 INDEX (Jun 17) 2063.80 - 14.80 9/29/16   3:18 PM CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Sep 30, 16    
  Chart Nov 30, 16    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Sep 30, 16    
  Chart Oct 31, 16    
 #2 Soft Red Winter Wheat Chart Sep 30, 16    
Western PA Farm Delivery Cash   Basis    
 #2 Yellow Corn Chart Oct 31, 16    
  Chart Nov 30, 16    
 #2 Soft Red Wheat Chart Sep 30, 16    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Sep 30, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
  Chart Dec 31, 16    
  Chart Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
  Chart Apr 30, 17    
  Chart May 31, 17    
  Chart Jun 30, 17    
  Chart Jul 31, 17    
 #2 Soft Red Wheat Chart Sep 30, 16    
  Chart Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Oct 31, 16    
  Chart Nov 30, 16    
Eastern OH Delivery Cash   Basis    
 #2 Yellow Corn Chart Oct 31, 16    
  Chart Nov 30, 16    
 #2 Soft Red Winter Wheat Chart Sep 30, 16    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn Chart Sep 30, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
  Chart Dec 31, 16    
  Chart Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
  Chart Apr 30, 17    
  Chart May 31, 17    
  Chart Jun 30, 17    
  Chart Jul 31, 17    
 #2 Soft Red Wheat Chart Sep 30, 16    
 #1 Yellow Soybeans Chart Oct 31, 16    
  Chart Nov 30, 16    
Price as of 09/30/16 03:28AM CDT.
Click to view more Cash Bid Trading System

CHART OF THE DAY
September 29th, 2016

**  US likely to see record corn harvest despite issues (Sept @ 174.4 bpa). US Corn 15% harvested.
** World corn carryout seen  near a  record high, but  not quite as burdensome when compared to use.
**  Brazil meeting reduced second crop production through imports. Spring corn planting underway.
** Ethanol margins  25+ c/gal positive.   Hogs flat/red. Dairy back in the black, feedlots  losing $100.
**  US  Corn  should see  continued strong shipment pace.   Black Sea, Arg, & US competing for O-N-D.
**  Funds leaning  about 175,000 contracts net short corn. May short-cover ahead of reports.

Overnight, the grain markets caught a rare bid, as corn finished 3 cents higher by the AM break.  A weak
export sales report threatened to rain on that parade, but traders may overlook this as “old news” given
more recent positive news on that front.  Regardless, net new sales of 575,000 metric tons fell short of
estimates for 750k-1 mil.  Most of the trade was to Mexico and Colombia.  Sales + Ship stands at 18.55
mmt vs 10.53 mmt this time last year.  Now, on to the good news  – South Korea was in overnight for
corn  – two  separate  batches  of  two  cargos  minimum  for  Jan-Feb  ship.

Yesterday,  US  PNW  corn competed  into  that origin,  and  we would  expect  the  US  to  have a  decent 
shot  at  this  business  too. Remember as well yesterday’s 1 mmt sale to Mexico.  Other than this positive
kicker, the markets will be eyeing  harvest  and  the  Quarterly  Stocks  data  tomorrow.
Midwest  weather  has  generally  been conducive to harvest  this week, and the west should continue to dry
down through the weekend.  6-10 & 8-14 day maps are wet and warm?  China struggling to sell reserve corn
even more than usual as buyers there look to receive their own domestic harvest.  Quarterly Stocks report
tomorrow expected to find 1.754 billion bushels at the end of the 15/16 crop year, which compares to 1.731
the prior year and 4.722 on June 30.  Likely difficult to get a truly bull number given 2+ bil 16/17 carryout
expectations, but the speculator is leaning short already and may look to hedge that up some.

Recent trade has effectively carved out a corn range between $3.25 and $3.45 CZ, of which we are
now approaching the bottom end. Dec Straddles ($3.30 strike) should still work as a trade vehicle,
particularly if the resulting price levels work within your position. Consider buying Nov options if a
defined risk approach is needed ahead of the Sept Quarterly or Oct WASDE reports.


Futures  finished  two  cents  lower  in  another  very  quiet  session  Wed.    Dec  volume  didn’t  even  crack
100,000,  but  still  accounted  for  at  least  75%  of  all  intraday  activity. The  Managed  Money  crowd
effectively sold back out what they bought back in Tuesday.   They are short a rough estimate of 175,000
contracts, assuming the most recent CFTC estimate is correct, heading into Friday’s report.  In the cash,
CIF values were a little firmer again today, while the interior was soft.  “Weekly EIA Day” left a lump of
coal in the stockings of ethanol traders, reporting a surprise uptick in production and an even more
surprisingly large build on stocks.  Production of 989,000 bbl/day (+0.8% wk/wk) was higher than the
slightly  lower  read  we  were  expecting.  If  carried  forward,  today’s  rate  would  consume  5.35  billion
bushels of corn over the course of a marketing year.  Despite the bear data, the ethanol futures crush
ended the day little changed, near the highest levels of the year.  Spot cash margins are close to 90
cents/bu (30 c/gal).  Both cattle and hogs continue to struggle, mustering only anemic rallies off the
prior  day’s  new  lows.    Producer  margins  there  are  breakeven  at  best  to  negative  (excluding 
dairy  & feathers).  After the close yesterday, USDA pegged egg sets up 3% & broilers placed up 1% yr/yr.

Local Conditions
Mifflintown, PA
Chg Zip Code: 
Temp: 55oF Feels Like: 55oF
Humid: 100% Dew Pt: 55oF
Barom: 30.26 Wind Dir: NNE
Cond: N/A Wind Spd: 7 mph
Sunrise: 7:03 Sunset: 6:50
As reported at SELINSGROVE, PA at 4:00 AM
 
Local Radar
Mifflintown, PA
Radar
 
Local Forecast
Mifflintown, PA

Friday

Saturday

Sunday

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Tuesday
High: 60°F
Low: 52°F
Precip: 80%
High: 68°F
Low: 56°F
Precip: 80%
High: 72°F
Low: 57°F
Precip: 80%
High: 72°F
Low: 54°F
Precip: 73%
High: 71°F
Low: 53°F
Precip: 0%
View complete Local Weather



Video Clips



And Finally some much needed water


 


Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 16 329'0 329'4 328'2 328'4 -0'6 329'2 03:17A Chart for @C6Z Options for @C6Z
Mar 17 339'0 339'2 338'0 338'6 -0'2 339'0 03:17A Chart for @C7H Options for @C7H
May 17 346'0 346'2 345'2 345'4 -0'4 346'0 03:17A Chart for @C7K Options for @C7K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 16 950'0 950'0 944'2 947'4 -2'6 950'2 03:17A Chart for @S6X Options for @S6X
Jan 17 956'0 956'0 950'2 953'0 -3'2 956'2 03:17A Chart for @S7F Options for @S7F
Mar 17 962'2 962'2 957'0 960'0 -3'0 963'0 03:17A Chart for @S7H Options for @S7H
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 16 398'4 400'0 398'0 398'2 -0'6 399'0 03:17A Chart for @W6Z Options for @W6Z
Mar 17 421'0 422'6 420'6 420'6 -1'0 421'6 03:17A Chart for @W7H Options for @W7H
May 17 435'0 436'0 434'2 434'2 -1'2 435'4 03:17A Chart for @W7K Options for @W7K
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Oct 16 2975 2975 2949 2951 - 28 2979 03:18A Chart for @SM6V Options for @SM6V
Dec 16 2984 2986 2966 2969 - 18 2987 03:18A Chart for @SM6Z Options for @SM6Z
Jan 17 2996 2997 2978 2979 - 19 2998 03:18A Chart for @SM7F Options for @SM7F
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Oct 16 33.07 33.07 32.82 33.00 -0.09 33.09 03:18A Chart for @BO6V Options for @BO6V
Dec 16 33.32 33.33 33.00 33.29 -0.05 33.34 03:18A Chart for @BO6Z Options for @BO6Z
Jan 17 33.55 33.55 33.32 33.51 -0.07 33.58 03:18A Chart for @BO7F Options for @BO7F
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Dec 16 176'2 177'0 176'0 176'4 0'4 176'0 03:16A Chart for @O6Z Options for @O6Z
Mar 17 186'2 186'6 186'2 186'2 1'0 185'2 03:16A Chart for @O7H Options for @O7H
May 17 193'4 193'4 193'4 193'4 3'2 190'2 02:40A Chart for @O7K Options for @O7K
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Oct 16 51.600 52.275 50.825 51.975 0.325 52.025s 09/29 Chart for @HE6V Options for @HE6V
Dec 16 46.650 47.225 46.200 46.900 0.275 46.975s 09/29 Chart for @HE6Z Options for @HE6Z
Feb 17 51.125 51.800 50.775 51.550 0.400 51.600s 09/29 Chart for @HE7G Options for @HE7G
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 16 103.800 104.000 101.650 101.800 - 1.575 101.900s 09/29 Chart for @LE6V Options for @LE6V
Dec 16 103.700 104.600 102.750 102.875 - 0.500 103.125s 09/29 Chart for @LE6Z Options for @LE6Z
Feb 17 104.475 104.925 103.150 103.200 - 0.675 103.425s 09/29 Chart for @LE7G Options for @LE7G
@AC - ETHANOL - CBOT
Month Open High Low Last Change Close Time More
Oct 16 1.575 1.575 1.525 1.540 -0.016 1.540s 01:28A Chart for @AC6V Options for @AC6V
Nov 16 1.490 1.490 1.461 1.470 -0.023 1.471s 02:02A Chart for @AC6X Options for @AC6X
Dec 16 1.414 1.423 1.414 1.416 -0.019 1.420s 02:02A Chart for @AC6Z Options for @AC6Z
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Sep 16 16.39 16.39 Chart for @DA6U Options for @DA6U
Oct 16 15.15 15.15 15.15 15.15 0.01 15.14 02:30A Chart for @DA6V Options for @DA6V
Nov 16 15.52 15.52 Chart for @DA6X Options for @DA6X
@TY - 10 YR US TREASURY NOTE - CBOT
Month Open High Low Last Change Close Time More
Dec 16 131'16.0 131'23.5 131'15.0 131'22.0 0'04.5 131'17.5 03:18A Chart for @TY6Z Options for @TY6Z
Mar 17 130'26.0 131'01.0 Chart for @TY7H Options for @TY7H
Jun 17 130'25.0 0'04.5 130'25.0s 09/29 Chart for @TY7M Options for @TY7M
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Oct 16 Chart for @ZG6V Options for @ZG6V
Nov 16 Chart for @ZG6X Options for @ZG6X
Dec 16 Chart for @ZG6Z Options for @ZG6Z
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Dec 16 2161.50 2165.60 2138.00 2149.00 - 14.70 2148.50s 09/29 Chart for SP6Z Options for SP6Z
Mar 17 2158.90 2133.40 2156.00 - 14.80 2142.60s 09/29 Chart for SP7H Options for SP7H
Jun 17 2153.30 2127.80 2063.80 - 14.80 2137.00s 09/29 Chart for SP7M Options for SP7M
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Disclaimer
An investment in futures contracts involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of their margin deposits.  You should carefully consider whether futures trading is appropriate for you in light of your investment experience, trading objectives, financial resources, and other relevant circumstances. Past performance is not necessarily indicative of future results.
 

 
 
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