Quote Ticker
  • CORN (Sep 16) 316'6 -7'2 8/26/16   1:19 PM CST
  • CORN (Dec 16) 325'2 -7'0 8/26/16   1:19 PM CST
  • CORN (Mar 17) 335'0 -7'4 8/26/16   1:19 PM CST
  • SOYBEANS (Sep 16) 989'6 -7'4 8/26/16   1:19 PM CST
  • SOYBEANS (Nov 16) 967'0 -8'2 8/26/16   1:19 PM CST
  • SOYBEANS (Jan 17) 969'4 -7'6 8/26/16   1:19 PM CST
  • WHEAT (Sep 16) 382'2 -17'6 8/26/16   1:19 PM CST
  • WHEAT (Dec 16) 406'2 -16'2 8/26/16   1:19 PM CST
  • WHEAT (Mar 17) 431'0 -14'6 8/26/16   1:19 PM CST
  • SOYBEAN MEAL (Sep 16) 3207 - 31 8/26/16   1:19 PM CST
  • SOYBEAN MEAL (Oct 16) 3180 - 31 8/26/16   1:19 PM CST
  • SOYBEAN MEAL (Dec 16) 3153 - 33 8/26/16   1:19 PM CST
  • SOYBEAN OIL (Sep 16) 32.94 0.04 8/26/16   1:19 PM CST
  • SOYBEAN OIL (Oct 16) 33.05 0.02 8/26/16   1:19 PM CST
  • SOYBEAN OIL (Dec 16) 33.34 0.03 8/26/16   1:19 PM CST
  • OATS (Sep 16) 169'0 -3'6 8/26/16   1:19 PM CST
  • OATS (Dec 16) 183'0 -3'6 8/26/16   1:19 PM CST
  • OATS (Mar 17) 198'4 -4'2 8/26/16   1:16 PM CST
  • LEAN HOGS (Oct 16) 61.325 2.625 8/26/16   1:04 PM CST
  • LEAN HOGS (Dec 16) 56.600 2.150 8/26/16   1:04 PM CST
  • LEAN HOGS (Feb 17) 60.900 1.600 8/26/16   1:04 PM CST
  • LIVE CATTLE (Aug 16) 110.025 - 2.125 8/26/16   1:04 PM CST
  • LIVE CATTLE (Oct 16) 106.200 - 2.175 8/26/16   1:04 PM CST
  • LIVE CATTLE (Dec 16) 108.100 - 1.850 8/26/16   1:04 PM CST
  • ETHANOL (Sep 16) 1.465 -0.006 8/26/16   3:47 PM CST
  • ETHANOL (Oct 16) 1.439 -0.008 8/26/16   3:53 PM CST
  • ETHANOL (Nov 16) 1.405 -0.014 8/26/16   2:40 PM CST
  • MILK CLASS III (Aug 16) 16.91 8/26/16   1:10 PM CST
  • MILK CLASS III (Sep 16) 16.63 -0.50 8/26/16   1:54 PM CST
  • MILK CLASS III (Oct 16) 16.63 -0.44 8/26/16   1:25 PM CST
  • 10 YR US TREASURY NOTE (Sep 16) 131'12.0 -0'22.0 8/26/16   3:59 PM CST
  • 10 YR US TREASURY NOTE (Dec 16) 130'13.5 -0'22.0 8/26/16   3:59 PM CST
  • 10 YR US TREASURY NOTE (Mar 17) 129'19.0 -0'22.0 8/26/16   2:04 PM CST
  • S&P 500 INDEX (Sep 16) 2168.50 - 5.20 8/26/16   3:19 PM CST
  • S&P 500 INDEX (Dec 16) 2159.30 - 5.30 8/26/16   3:19 PM CST
  • S&P 500 INDEX (Mar 17) 2067.80 - 5.10 8/26/16   3:19 PM CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Aug 31, 16    
  Chart Nov 30, 16    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Aug 31, 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 Aug 31, 16    
  Chart Sep 30, 16    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Aug 31, 16    
  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 Aug 31, 16    
  Chart Sep 30, 16    
  Chart Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Aug 31, 16    
  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 Aug 31, 16    
  Chart Sep 30, 16    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn Chart Aug 31, 16    
  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 Aug 31, 16    
  Chart Sep 30, 16    
 #1 Yellow Soybeans Chart Oct 31, 16    
  Chart Nov 30, 16    
Price as of 08/28/16 08:57AM CDT.
Click to view more Cash Bid Trading System

CHART OF THE DAY
**  US corn  in good shape coming out of pollination. First “real” USDA yield estimate at 175.1 bpa.
**  Brazil  second crop  harvest  near complete. Exports cancelled on record  high  domestic prices.
** World corn carryout seen  near a  record high, but significant dislocations noted.
** Ethanol margins  10-15 c/gal positive.   Hogs losing ground. Feedlots/Dairy  back in the black.
**  US  Corn  should see active exports  through the summer.   Black Sea  & US competing for O-N-D.
**  Funds leaning  about 125,000 contracts net short corn.

Overnight,  corn  was  weaker,  likely  reflecting  the  unexpected  improvement  in  crop  conditions  Mon
afternoon, and finished 3 cents lower by the AM break.  Though in truth the report is a waning influence
at  best  at  this  late  juncture  of  the  growing  season,  the  USDA  posted  a  contra-seasonal  +1% 
Good- Excellent uptick in corn ratings.  At 75% G-E,  ratings  remain  safely  ahead  of  last  year’s  69%.   
Crop  is roughly a week ahead of normal with 85% in dough stage and 40% dented.  6-10 & 8-14 day maps
have shifted from a cooler bias in last week’s runs to the same “warm and wet” pattern seen through much of
the summer.  Looks like pretty good finishing weather for the crop, though it likely won’t improve yields
for most spots given the advanced maturity?  Annual ProFarmer Crop Tour generated the usual buzz,
though much like the crop progress report, the importance can be questioned.  They pegged Ohio yields
at 148.9 bpa vs. 148.3 bpa last year on the tour and the USDA estimate this year at 163 bpa (vs. 153 last
year).  South Dakota was estimated at 149.7 bpa vs. 165.9 bpa on last year’s tour and the current USDA
at 147 (vs. 159 last year).  As for the latter, yields tended to improve as they rumbled into Nebraska?
Stats Canada this morning offered no surprises on the feed grain side; corn pegged at 12.35 mmt vs.
12.4 mmt, though this is down over 1 mmt from last year.

The  post-report spike  low  should  offer  the  corn  market  some  stability. The  only  question  now
becomes just how much we can rally, and we would still lean toward major resistance in the $3.50
area, basis CZ, though we look for a battle every nickel higher  starting already at $3.40 CZ. Today feels
ripe for a  “Turnaround Tuesday” rally; consider picking up some cheap calls on the early dip.   Monday,
players traded Dec $3.50-$3.80 1x2 Call Spreads for 2  ½ cents, which is fairly inexpensive.

Quietly lower start to the week in the corn market, finishing a penny lower by Monday’s end.  Volume
was  extremely light,  barely topping 200,000 contracts,  including spreads.  Funds were estimated net
sellers of about 5,000 contracts, which, if CFTC data is to be believed, would put them net short over
120,000  contracts. CIF  bids  are  firm  to  start  Tuesday,  while  the  interior  is  more  mixed.
Grain Inspections Mon were surprisingly robust given flood disruptions over the reporting week. 
Exporters shipped 1.25 million metric tons of corn for the week ended Aug 18th, or almost 50 mil bu,
which was more than the 1.0-1.1 mmt the market was expecting.  This takes the YTD export tally to
44.1  mmt vs. 43.7 mmt this time  last  year, with two weeks left  in the 15/16 marketing year.  Roughly 
half of the week’s  shipments  came  out  of  the  Gulf,  and  the  other  half  out  of  the  PNW.   
Latin  &  Asian  interest continues to show for US corn.  Some talk of a little demand out of North Africa,
too?  Ethanol held itself together to start the week, effectively holding onto last week’s gains in the crush. 
We see cash margin at a three week high of roughly 35-45 cents/bu, including all costs, or <15 c/gal. 
USDA estimated Texas corn at 47% harvested, close to normal, while Louisiana was  35% harvested vs.
65% normal.

Local Conditions
Mifflintown, PA
Chg Zip Code: 
Temp: 73oF Feels Like: 77oF
Humid: 87% Dew Pt: 69oF
Barom: 30.25 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 6:31 Sunset: 7:45
As reported at SELINSGROVE, PA at 9:00 AM
 
Local Radar
Mifflintown, PA
Radar
 
Local Forecast
Mifflintown, PA

Sunday

Monday

Tuesday

Wednesday

Thursday
High: 89°F
Low: 62°F
Precip: 0%
High: 89°F
Low: 66°F
Precip: 32%
High: 85°F
Low: 61°F
Precip: 0%
High: 89°F
Low: 64°F
Precip: 20%
High: 79°F
Low: 61°F
Precip: 20%
View complete Local Weather



Video Clips



Pro farmer tour started today in So Dak and the far western Corn Belt and in the far eastern
Corn Belt in Ohio. Plan is to meet in the center of the Corn Belt late in the week. This means a
lot of lower yields to start and better yields to end the tour? The Ohio side of the tour found
yields in southern and central Ohio acres not far from normal with 150 to 206 bpa. But things
deteriorated in the NW Ohio with corn yields much more variable at 75 to 150 bpa. The western
leg found some real issues on So Dak that magically got better across the southern border into
Neb. So Dak at 125 to 150 bpa but irrigated corn in Neb showed 200 to 235 BPA on irrigated
ground with 120 to 150 bpa on non-irrigated. More to come tomorrow.

Informa over the weekend added 1.0 mil acres to 95.1 mil acres of corn ground based on FSA
data released the previous week. They added only 322 thou acres to the bean area to 84 mil
acres. This is backwards from what the Linn estimates show. Linn bean acres have been 800
thou over the USDA since spring at 84.7 mil. With the new FSA data, would not be surprised to
see this move to higher at 84.9 mil. Linn had assumed the USDA corn acres at 94.1 mil, but
would not be surprised to see this go up 400 to 94.5 mil.


Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 16 323'4 325'2 315'6 316'6 -7'2 316'2s 08/26 Chart for @C6U Options for @C6U
Dec 16 332'0 334'0 324'4 325'2 -7'0 325'0s 08/26 Chart for @C6Z Options for @C6Z
Mar 17 342'0 343'4 334'2 335'0 -7'4 334'4s 08/26 Chart for @C7H Options for @C7H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 16 996'4 1002'2 982'4 989'6 -7'4 990'6s 08/26 Chart for @S6U Options for @S6U
Nov 16 974'2 980'2 960'4 967'0 -8'2 967'2s 08/26 Chart for @S6X Options for @S6X
Jan 17 976'2 982'0 963'0 969'4 -7'6 969'6s 08/26 Chart for @S7F Options for @S7F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 16 401'2 402'2 381'0 382'2 -17'6 383'4s 08/26 Chart for @W6U Options for @W6U
Dec 16 422'2 424'4 405'0 406'2 -16'2 407'4s 08/26 Chart for @W6Z Options for @W6Z
Mar 17 446'4 447'4 429'2 431'0 -14'6 432'0s 08/26 Chart for @W7H Options for @W7H
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Sep 16 3245 3260 3198 3207 - 31 3212s 08/26 Chart for @SM6U Options for @SM6U
Oct 16 3212 3230 3168 3180 - 31 3182s 08/26 Chart for @SM6V Options for @SM6V
Dec 16 3183 3204 3142 3153 - 33 3155s 08/26 Chart for @SM6Z Options for @SM6Z
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Sep 16 32.93 33.18 32.58 32.94 0.04 32.95s 08/26 Chart for @BO6U Options for @BO6U
Oct 16 33.08 33.30 32.70 33.05 0.02 33.06s 08/26 Chart for @BO6V Options for @BO6V
Dec 16 33.37 33.59 32.98 33.34 0.03 33.35s 08/26 Chart for @BO6Z Options for @BO6Z
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Sep 16 172'6 173'2 165'2 169'0 -3'6 169'0s 08/26 Chart for @O6U Options for @O6U
Dec 16 188'6 188'6 182'0 183'0 -3'6 185'2s 08/26 Chart for @O6Z Options for @O6Z
Mar 17 199'4 199'4 195'6 198'4 -4'2 197'6s 08/26 Chart for @O7H Options for @O7H
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Oct 16 59.325 61.700 59.325 61.325 2.625 61.325s 08/26 Chart for @HE6V Options for @HE6V
Dec 16 55.000 57.350 55.000 56.600 2.150 56.625s 08/26 Chart for @HE6Z Options for @HE6Z
Feb 17 59.800 62.000 59.750 60.900 1.600 60.950s 08/26 Chart for @HE7G Options for @HE7G
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 16 112.250 112.750 110.025 110.025 - 2.125 110.350s 08/26 Chart for @LE6Q Options for @LE6Q
Oct 16 108.450 109.425 106.200 106.200 - 2.175 106.350s 08/26 Chart for @LE6V Options for @LE6V
Dec 16 109.825 110.850 107.950 108.100 - 1.850 108.100s 08/26 Chart for @LE6Z Options for @LE6Z
@AC - ETHANOL - CBOT
Month Open High Low Last Change Close Time More
Sep 16 1.443 1.465 1.442 1.465 -0.006 1.442s 08/26 Chart for @AC6U Options for @AC6U
Oct 16 1.435 1.450 1.423 1.439 -0.008 1.427s 08/26 Chart for @AC6V Options for @AC6V
Nov 16 1.422 1.422 1.400 1.405 -0.014 1.403s 08/26 Chart for @AC6X Options for @AC6X
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Aug 16 16.91 16.92 16.91 16.91 16.91s 08/26 Chart for @DA6Q Options for @DA6Q
Sep 16 17.11 17.13 16.43 16.63 -0.50 16.60s 08/26 Chart for @DA6U Options for @DA6U
Oct 16 17.00 17.14 16.52 16.63 -0.44 16.57s 08/26 Chart for @DA6V Options for @DA6V
@TY - 10 YR US TREASURY NOTE - CBOT
Month Open High Low Last Change Close Time More
Sep 16 132'01.5 132'14.0 131'11.5 131'12.0 -0'22.0 131'12.0s 08/26 Chart for @TY6U Options for @TY6U
Dec 16 131'02.5 131'14.5 130'12.5 130'13.5 -0'22.0 130'13.0s 08/26 Chart for @TY6Z Options for @TY6Z
Mar 17 129'19.0 -0'22.0 129'19.0s 08/26 Chart for @TY7H Options for @TY7H
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Aug 16 Chart for @ZG6Q Options for @ZG6Q
Sep 16 Chart for @ZG6U Options for @ZG6U
Oct 16 Chart for @ZG6V Options for @ZG6V
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Sep 16 2174.70 2186.50 2157.50 2168.50 - 5.20 2168.40s 08/26 Chart for SP6U Options for SP6U
Dec 16 2178.50 2178.50 2152.50 2159.30 - 5.30 2161.20s 08/26 Chart for SP6Z Options for SP6Z
Mar 17 2171.70 2145.70 2067.80 - 5.10 2154.60s 08/26 Chart for SP7H Options for SP7H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Google Search
Google

DTN Daily Video

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.
 

 
 
Copyright DTN. All rights reserved. Disclaimer.
Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed.....
Powered By DTN