Quote Ticker
  • CORN (Sep 17) 388'2 -2'6 7/21/17   3:13 AM CST
  • CORN (Dec 17) 401'4 -3'2 7/21/17   3:14 AM CST
  • CORN (Mar 18) 412'4 -2'6 7/21/17   3:13 AM CST
  • SOYBEANS (Aug 17) 1006'4 -6'6 7/21/17   3:12 AM CST
  • SOYBEANS (Sep 17) 1011'4 -6'6 7/21/17   3:10 AM CST
  • SOYBEANS (Nov 17) 1020'4 -6'4 7/21/17   3:13 AM CST
  • WHEAT (Sep 17) 506'2 0'4 7/21/17   3:13 AM CST
  • WHEAT (Dec 17) 529'0 -0'2 7/21/17   3:11 AM CST
  • WHEAT (Mar 18) 549'2 -0'2 7/21/17   3:07 AM CST
  • SOYBEAN MEAL (Aug 17) 3290 - 15 7/21/17   3:06 AM CST
  • SOYBEAN MEAL (Sep 17) 3309 - 16 7/21/17   3:10 AM CST
  • SOYBEAN MEAL (Oct 17) 3329 - 16 7/21/17   3:05 AM CST
  • SOYBEAN OIL (Aug 17) 33.73 -0.24 7/21/17   3:09 AM CST
  • SOYBEAN OIL (Sep 17) 33.87 -0.24 7/21/17   3:07 AM CST
  • SOYBEAN OIL (Oct 17) 34.01 -0.21 7/21/17   3:02 AM CST
  • OATS (Sep 17) 295'2 -0'4 7/21/17   2:30 AM CST
  • OATS (Dec 17) 296'2 -1'2 7/21/17   2:20 AM CST
  • OATS (Mar 18) 296'2 3'2 7/20/17   1:17 PM CST
  • LEAN HOGS (Aug 17) 81.225 -1.475 7/20/17   1:04 PM CST
  • LEAN HOGS (Oct 17) 68.000 -0.950 7/20/17   1:04 PM CST
  • LEAN HOGS (Dec 17) 63.100 7/20/17   1:04 PM CST
  • LIVE CATTLE (Aug 17) 115.725 - 1.400 7/20/17   1:04 PM CST
  • LIVE CATTLE (Oct 17) 117.025 - 1.800 7/20/17   1:04 PM CST
  • LIVE CATTLE (Dec 17) 117.925 - 1.575 7/20/17   1:04 PM CST
  • ETHANOL (Aug 17) 1.531 -0.002 7/20/17   3:09 PM CST
  • ETHANOL (Sep 17) 1.547 0.010 7/20/17   2:10 PM CST
  • ETHANOL (Oct 17) 1.540 0.009 7/20/17   1:16 PM CST
  • MILK CLASS III (Jul 17) 15.50 -0.01 7/20/17   6:49 PM CST
  • MILK CLASS III (Aug 17) 16.26 -0.04 7/20/17   7:29 PM CST
  • MILK CLASS III (Sep 17) 16.61 -0.02 7/20/17   11:10 PM CST
  • 10 YR US TREASURY NOTE (Sep 17) 126'07.0 0'05.0 7/21/17   3:13 AM CST
  • 10 YR US TREASURY NOTE (Dec 17) 125'22.0     CST
  • 10 YR US TREASURY NOTE (Mar 18)     CST
  • S&P 500 INDEX (Sep 17) 2471.50 - 0.20 7/20/17   3:17 PM CST
  • S&P 500 INDEX (Dec 17) 2456.40 - 0.20 7/20/17   3:17 PM CST
  • S&P 500 INDEX (Mar 18) 2454.70 - 0.20 7/20/17   3:17 PM CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 17    
  Chart Nov 30, 17    
 #1 Yellow Soybeans Chart Jul 31, 17    
  Chart Nov 30, 17    
 #2 Soft Red Winter Wheat Chart Jul 31, 17    
  Chart Sep 30, 17    
Western PA Farm Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
  Chart Oct 31, 17    
  Chart Nov 30, 17    
  Chart Dec 31, 17    
  Chart Jan 31, 18    
  Chart Feb 28, 18    
  Chart Mar 31, 18    
 #2 Soft Red Wheat Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
  Chart Oct 31, 17    
  Chart Nov 30, 17    
  Chart Dec 31, 17    
  Chart Jan 31, 18    
  Chart Feb 28, 18    
  Chart Mar 31, 18    
 #2 Soft Red Wheat Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
 #1 Yellow Soybeans Chart Oct 31, 17    
  Chart Nov 30, 17    
Eastern OH Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
  Chart Oct 31, 17    
  Chart Nov 30, 17    
  Chart Dec 31, 17    
  Chart Jan 31, 18    
  Chart Feb 28, 18    
  Chart Mar 31, 18    
 #2 Soft Red Winter Wheat Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
  Chart Oct 31, 17    
  Chart Nov 30, 17    
  Chart Dec 31, 17    
  Chart Jan 31, 18    
  Chart Feb 28, 18    
  Chart Mar 31, 18    
 #2 Soft Red Wheat Chart Jul 31, 17    
  Chart Aug 31, 17    
  Chart Sep 30, 17    
 #1 Yellow Soybeans Chart Oct 31, 17    
  Chart Nov 30, 17    
Price as of 07/21/17 03:25AM CDT.
Click to view more Cash Bid Trading System

CHART OF THE DAY

July 17, 2017



: Today and following 4 days


Local Conditions
Mifflintown, PA
Chg Zip Code: 
Temp: 69oF Feels Like: 69oF
Humid: 100% Dew Pt: 69oF
Barom: 29.92 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 5:54 Sunset: 8:33
As reported at SELINSGROVE, PA at 4:00 AM
 
Local Radar
Mifflintown, PA
Radar
 
Local Forecast
Mifflintown, PA

Friday

Saturday

Sunday

Monday

Tuesday
High: 87°F
Low: 69°F
Precip: 0%
High: 85°F
Low: 67°F
Precip: 74%
High: 81°F
Low: 71°F
Precip: 80%
High: 80°F
Low: 68°F
Precip: 80%
High: 78°F
Low: 65°F
Precip: 0%
View complete Local Weather



Video Clips

** USDA  pegged 2017 corn acres at 90.9 mil, off over  -3 mil yr/yr. Some prevent plant/failed acres likely.
** World 16/17 corn carryout at a record high, but not quite as burdensome  when  compared to use.
** Argentina  & Brazil safrinha  corn harvest on-going into July.   Record crop(s).
** Ethanol margins slightly profitable.  Livestock volatile, but hogs/cattle viewed profitable.
** Corn importers shifting their business to South America, particularly deeper into summer/autumn.
** Fund net  position  close to net even to start the week.

Overnight,  the  corn  market  started  weaker,  initially  extending  those losses to trade as much as 5-6
lower, though traders pared it back into the AM break to just 2 cents lower.  Without a doubt, Mother
Nature  remains  in  the  driver’s  seat  from  a  price  discovery  standpoint.    U.S.  crop  weather  during  the
weekend was tranquil across most of the Corn Belt, with few showers/precip to speak of.  Temps were
mostly  in the 70’s  and  80’s  during  the  day  and 50’s and  60’s  at  night (with  a  few venturing  closer  to
70’s).  One notable exception to this was North Dakota, where the center part of the state received very
welcome  rains. Such  areas  could  receive  a  bit  more  of  a  respite,  with the  five  day  precip  maps
suggesting ~1 inch rain coverage for the Dakotas into Wisconsin, with a band of 3-4 inch totals possible
along the IA/MN border.  Million dollar rains should they verify?  The SW quadrant of the Belt will likely
go  without,  however  – welcome  in  soggy  MO,  but  not  so  much  in  dry/drying  Kansas  and  SW  Iowa.
Condition  reports  tonight  are  expected  to  show  mixed  feature;  further  deterioration  in  the  West  is
likely, while the East could improve on the recent rains there.  On the world scene, portions of Europe
and East Ukraine remain too dry, while South America benefits from good harvest weather and West
Ukraine  gets  welcome  rain. Brazil  safrinha  corn  in  major  state  Mato  Grosso  reported  62%  cut.
Argentina still slogging along at ~2-3% per week and is closing in on 60% harvested of first/only crop.

Wild and violent summer weather swings continue.  At current levels, we  would rather be long than
short from a fundamental standpoint, though tech momentum is  currently swinging in favor of the
bear. Defined risk strategies should be the order of the day.  Aggressive traders can scale-down buy
futures and  own puts to hedge it up.  Cautious traders should consider buying $5 CZ Calls for  ~2 cents.

The corn market managed to find its footing Friday after a knee buckling Wed-Thurs break, closing six
cents higher.  Corn managed to stay in the green all day; the markets featured a noticeable “wobble”
mid-day, but found some short-covering to lift values back near the days’ highs into the close.  For the
week, corn still closed 17 cents lower despite the Friday bump.  Cash corn trade was quiet to end the
week, as all participants involved likely just wanted to go home after an exhausting week.  CFTC data  Fri
PM found larger-than-expected fund buying in corn in the sessions leading up to the July crop report.
Managed  Money  traders  purchased  a  net  148,000  contracts;  38,000  were  new  longs  in  the  market,
while 110,000 was covering existing shorts.  Even when  including the post-report sell-off Wed-Thurs,
this should leave funds dangerously close to flat the market heading into the weekend.  Clearly, the turn
in the forecast and the absence of bullishness in the July report made some fund managers change their
tune yet again?  Ultimately, the ethanol industry was the “big winner” from this week’s negative price
action in corn.  Solid physical ethanol trade implied most of those corn price declines went straight to
the bottom-line.  We would estimate average Midwest ethanol margin at about 25-35 c/bu, or 10-12
c/gal, including all costs and cash inputs, which is a one month high.


Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 17 390'4 391'0 387'6 388'2 -2'6 391'0 03:14A Chart for @C7U Options for @C7U
Dec 17 404'4 404'6 401'2 401'4 -3'2 404'6 03:14A Chart for @C7Z Options for @C7Z
Mar 18 415'0 415'4 412'2 412'4 -2'6 415'2 03:14A Chart for @C8H Options for @C8H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 17 1011'2 1013'2 1005'6 1006'4 -6'6 1013'2 03:13A Chart for @S7Q Options for @S7Q
Sep 17 1016'0 1018'2 1010'6 1011'4 -6'6 1018'2 03:13A Chart for @S7U Options for @S7U
Nov 17 1025'0 1027'2 1019'6 1020'4 -6'4 1027'0 03:13A Chart for @S7X Options for @S7X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 17 506'4 510'2 504'4 506'2 0'4 505'6 03:13A Chart for @W7U Options for @W7U
Dec 17 530'4 533'4 528'0 529'0 -0'2 529'2 03:13A Chart for @W7Z Options for @W7Z
Mar 18 550'4 553'6 548'2 549'2 -0'2 549'4 03:13A Chart for @W8H Options for @W8H
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Aug 17 3306 3311 3287 3290 - 15 3305 03:13A Chart for @SM7Q Options for @SM7Q
Sep 17 3323 3331 3307 3309 - 16 3325 03:13A Chart for @SM7U Options for @SM7U
Oct 17 3342 3350 3327 3329 - 16 3345 03:13A Chart for @SM7V Options for @SM7V
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Aug 17 33.89 33.96 33.64 33.73 -0.24 33.97 03:13A Chart for @BO7Q Options for @BO7Q
Sep 17 34.06 34.06 33.77 33.87 -0.24 34.11 03:13A Chart for @BO7U Options for @BO7U
Oct 17 34.10 34.14 33.91 34.01 -0.21 34.22 03:13A Chart for @BO7V Options for @BO7V
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Sep 17 295'2 295'2 295'2 295'2 -0'4 295'6 02:45A Chart for @O7U Options for @O7U
Dec 17 298'2 298'2 294'0 296'2 -1'2 297'4 02:45A Chart for @O7Z Options for @O7Z
Mar 18 296'0 296'2 296'0 296'2 3'2 295'4s 02:45A Chart for @O8H Options for @O8H
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Aug 17 82.650 82.800 81.050 81.225 -1.475 81.100s 07/20 Chart for @HE7Q Options for @HE7Q
Oct 17 68.700 69.075 67.775 68.000 -0.950 67.850s 07/20 Chart for @HE7V Options for @HE7V
Dec 17 63.100 63.900 62.850 63.100 62.950s 07/20 Chart for @HE7Z Options for @HE7Z
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 17 117.475 118.200 115.700 115.725 - 1.400 115.875s 07/20 Chart for @LE7Q Options for @LE7Q
Oct 17 118.875 119.100 116.975 117.025 - 1.800 117.075s 07/20 Chart for @LE7V Options for @LE7V
Dec 17 119.500 119.850 117.850 117.925 - 1.575 118.100s 07/20 Chart for @LE7Z Options for @LE7Z
@AC - ETHANOL - CBOT
Month Open High Low Last Change Close Time More
Aug 17 1.531 1.560 1.531 1.531 -0.002 1.538s 01:50A Chart for @AC7Q Options for @AC7Q
Sep 17 1.544 1.564 1.544 1.547 0.010 1.547s 01:50A Chart for @AC7U Options for @AC7U
Oct 17 1.555 1.555 1.536 1.540 0.009 1.541s 07/20 Chart for @AC7V Options for @AC7V
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Jul 17 15.52 15.52 15.50 15.50 -0.01 15.51 07/20 Chart for @DA7N Options for @DA7N
Aug 17 16.26 16.26 16.26 16.26 -0.04 16.30 01:45A Chart for @DA7Q Options for @DA7Q
Sep 17 16.61 16.63 16.61 16.61 -0.02 16.63 07/20 Chart for @DA7U Options for @DA7U
@TY - 10 YR US TREASURY NOTE - CBOT
Month Open High Low Last Change Close Time More
Sep 17 126'02.5 126'08.0 126'01.0 126'07.0 0'05.0 126'02.0 03:13A Chart for @TY7U Options for @TY7U
Dec 17 125'22.0 125'23.0 Chart for @TY7Z Options for @TY7Z
Mar 18 125'11.0 Chart for @TY8H Options for @TY8H
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Jul 17 Chart for @ZG7N Options for @ZG7N
Aug 17 Chart for @ZG7Q Options for @ZG7Q
Sep 17 Chart for @ZG7U Options for @ZG7U
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Sep 17 2474.20 2475.00 2466.00 2471.50 - 0.20 2471.20s 07/20 Chart for SP7U Options for SP7U
Dec 17 2471.80 2463.70 2456.40 - 0.20 2469.00s 07/20 Chart for SP7Z Options for SP7Z
Mar 18 2470.10 2462.00 2454.70 - 0.20 2467.30s 07/20 Chart for SP8H Options for SP8H
My Custom Markets
Symbol Open High Low Last Change Close Time More

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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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