Quote Ticker
  • CORN (Jul 16) 385'2 -2'6 6/24/16   1:19 PM CST
  • CORN (Sep 16) 390'0 -3'4 6/24/16   1:19 PM CST
  • CORN (Dec 16) 395'0 -3'4 6/24/16   1:19 PM CST
  • SOYBEANS (Jul 16) 1109'2 -21'4 6/24/16   1:19 PM CST
  • SOYBEANS (Aug 16) 1107'0 -22'0 6/24/16   1:19 PM CST
  • SOYBEANS (Sep 16) 1091'6 -22'6 6/24/16   1:19 PM CST
  • WHEAT (Jul 16) 455'0 0'4 6/24/16   1:19 PM CST
  • WHEAT (Sep 16) 465'2 -0'6 6/24/16   1:19 PM CST
  • WHEAT (Dec 16) 485'0 -1'4 6/24/16   1:19 PM CST
  • SOYBEAN MEAL (Jul 16) 3779 - 76 6/24/16   1:19 PM CST
  • SOYBEAN MEAL (Aug 16) 3790 - 74 6/24/16   1:19 PM CST
  • SOYBEAN MEAL (Sep 16) 3775 - 76 6/24/16   1:19 PM CST
  • SOYBEAN OIL (Jul 16) 31.08 -0.76 6/24/16   1:19 PM CST
  • SOYBEAN OIL (Aug 16) 31.22 -0.77 6/24/16   1:19 PM CST
  • SOYBEAN OIL (Sep 16) 31.36 -0.77 6/24/16   1:19 PM CST
  • OATS (Jul 16) 210'2 1'6 6/24/16   1:19 PM CST
  • OATS (Sep 16) 200'0 -4'6 6/24/16   1:17 PM CST
  • OATS (Dec 16) 205'6 -4'2 6/24/16   1:17 PM CST
  • LEAN HOGS (Jul 16) 83.900 -0.225 6/24/16   1:04 PM CST
  • LEAN HOGS (Aug 16) 84.800 -0.475 6/24/16   1:04 PM CST
  • LEAN HOGS (Oct 16) 71.600 -0.250 6/24/16   1:04 PM CST
  • LIVE CATTLE (Jun 16) 114.500 - 2.050 6/24/16   1:03 PM CST
  • LIVE CATTLE (Aug 16) 110.850 - 2.975 6/24/16   1:04 PM CST
  • LIVE CATTLE (Oct 16) 110.775 - 2.750 6/24/16   1:04 PM CST
  • ETHANOL (Jul 16) 1.604 0.013 6/24/16   2:20 PM CST
  • ETHANOL (Aug 16) 1.582 0.009 6/24/16   1:19 PM CST
  • ETHANOL (Sep 16) 1.559 0.002 6/24/16   1:16 PM CST
  • MILK CLASS III (Jun 16) 13.22 -0.02 6/24/16   1:12 PM CST
  • MILK CLASS III (Jul 16) 14.83 -0.17 6/24/16   1:54 PM CST
  • MILK CLASS III (Aug 16) 15.83 -0.37 6/24/16   1:53 PM CST
  • 10 YR US TREASURY NOTE (Sep 16) 132'19.0 1'18.0 6/24/16   3:59 PM CST
  • 10 YR US TREASURY NOTE (Dec 16) 131'18.0 1'18.0 6/24/16   2:02 PM CST
  • 10 YR US TREASURY NOTE (Mar 17) 130'26.0 1'18.0 6/24/16   2:02 PM CST
  • S&P 500 INDEX (Sep 16) 2019.00 - 87.20 6/24/16   3:21 PM CST
  • S&P 500 INDEX (Dec 16) 2082.00 - 87.70 6/24/16   3:21 PM CST
  • S&P 500 INDEX (Mar 17) 2067.80 - 87.80 6/24/16   3:21 PM CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Jun 30, 16    
  Chart Jul 31, 16    
  Chart Nov 30, 16    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Jun 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 Jun 30, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
 #1 Yellow Soybeans Chart Jun 30, 16    
 #2 Soft Red Wheat Chart Jul 31, 16    
  Chart Aug 31, 16    
  Chart Sep 30, 16    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Jun 30, 16    
  Chart Jul 31, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
 #2 Soft Red Wheat Chart Jul 31, 16    
  Chart Aug 31, 16    
  Chart Sep 30, 16    
  Chart Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Jun 30, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
Eastern OH Delivery Cash   Basis    
 #2 Yellow Corn Chart Jun 30, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
 #1 Yellow Soybeans Chart Jun 30, 16    
 #2 Soft Red Winter Wheat Chart Jul 31, 16    
  Chart Aug 31, 16    
  Chart Sep 30, 16    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn Chart Jun 30, 16    
  Chart Jul 31, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
 #2 Soft Red Wheat Chart Jul 31, 16    
  Chart Aug 31, 16    
  Chart Sep 30, 16    
 #1 Yellow Soybeans Chart Jun 30, 16    
  Chart Jul 31, 16    
  Chart Oct 31, 16    
  Chart Nov 30, 16    
Price as of 06/25/16 11:26PM CDT.
Click to view more Cash Bid Trading System

CHART OF THE DAY

June 23, 2016

**  US corn planting  effectively complete. Condition report  found corn 75% G-E & 4% P-VP.
**  Brazil  second crop corn  has seen some losses due to drought. Harvest about 10% complete.
** World corn carryout seen  near a  record high, but  significant dislocations noted.
** Ethanol margins  10 c/gal positive.   Hogs  profitable. Feedlots/Dairy  generally losing money.
**  US  Corn  should see active exports  into early summer.   Black Sea feed wheat main competitor.
**  Funds now net long  corn after being short 250k+ in Mar/Apr. Fund buying in commodities noted.

Overnight, the  corn market maintained its sudden tilt to the bear side, as rains continued to roll across
the Midwest.  Good rains were seen across Northern IL, streaks of Indiana, and a solid 75% of Ohio crop
areas (WC missed out).  There are still a few problem spots  – East KS, parts of Iowa, southern half of
Illinois  – but all in all, billion dollar rains for the Belt.  Outlook maps have also taken on a less threatening
vibe;  yes,  they  are  favoring  some  net  drying,  but  heat  has  been  toned  down  significantly  for  the
Midwest.  The end result?  A quick, sharp, 50 cent break off the highs in corn.  Export sales this morning
were good, but was in-line with expectations and perhaps more heavily-weighted toward the new crop
than many thought.  Net old crop sales of 870,700 MT  are 32% below the 4 week average, with at least
half of that going to traditional buyers such as Japan and Mexico.  Net new crop sales were 550,300 mt.
Sales + Ship in old crop currently stand above year ago levels, and are right at the USDA’s sales goal.
There was a little export business overnight, but it tended to tilt away from the US.  Taiwan bought a
cargo of optional origin corn for Sept, while South Korea was in for two cargos of Black Sea corn for Nov.
Look for volatility in currency today with  the Brexit vote results due out overnight.

Corn appears to have found an interim high  – still  plenty of summer left, but would need to see some
awfully  threatening  weather  to  erase  $4.40. Corn  is  approaching  some  important  support  levels,
namely  the  $3.80-$3.85 level in Sept. We would expect aggressive  “second chance selling” on a rally
back up near $4.15-$4.20 in CZ. We still like using Sept options to manage risk.

Corn tried to bounce a bit Wednesday after a sharp Mon-Tues break, but proved unable to fight off the
turn toward much more favorable weather prospects for late June & early July.  Funds were estimated
net sellers of about 10,000 corn today; when including option deltas, some speculate they may have
chopped their previous net length in half to about 120,000 contracts.  CFTC report tomorrow night will
be well-watched, as it should include much of action off the break?  Weekly EIA ethanol data remains
highly  volatile, this time removing much of the recent surge in production, though stocks did not draw
down much.  Production fell a whopping 5% this week; run rates of 962,000 bbl/day would consume 101
million  bushels  of  grain  on  the  week,  and  5.1  billion  bushels  of  “just  corn”  (ie:  excl.  milo  and  other
alternative feedstuffs) over the course of a marketing year.  YTD average running behind levels needed
to meet USDA grind projections?  USDA estimated egg sets were off 1% on a yr/yr basis, while broilers
placed were up 1%.  Meat traders gearing up for the “Super Bowl” Friday; a number of big reports, chief
among  them  Quarterly  Hogs  &  Pigs  data  and  Cattle  on  Feed.    Some  chatter  around  of  more  acres
breaking in favor of corn than soybeans in South America next year? Harvest ongoing?

 


Local Conditions
Mifflintown, PA
Chg Zip Code: 
Temp: 65oF Feels Like: 65oF
Humid: 84% Dew Pt: 60oF
Barom: 30.17 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 5:37 Sunset: 8:43
As reported at SELINSGROVE, PA at 12:00 AM
 
Local Radar
Mifflintown, PA
Radar
 
Local Forecast
Mifflintown, PA

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Thursday
High: 87°F
Low: 62°F
Precip: 0%
High: 83°F
Low: 63°F
Precip: 30%
High: 85°F
Low: 67°F
Precip: 58%
High: 79°F
Low: 62°F
Precip: 79%
High: 82°F
Low: 57°F
Precip: 0%
View complete Local Weather



Video Clips



Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 16 387'4 390'0 373'4 385'2 -2'6 384'4s 06/24 Chart for @C6N Options for @C6N
Sep 16 392'4 395'0 378'0 390'0 -3'4 389'0s 06/24 Chart for @C6U Options for @C6U
Dec 16 398'0 400'4 382'4 395'0 -3'4 394'2s 06/24 Chart for @C6Z Options for @C6Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 16 1124'6 1132'0 1099'2 1109'2 -21'4 1103'0s 06/24 Chart for @S6N Options for @S6N
Aug 16 1123'2 1131'0 1097'4 1107'0 -22'0 1101'4s 06/24 Chart for @S6Q Options for @S6Q
Sep 16 1110'2 1116'6 1082'0 1091'6 -22'6 1086'2s 06/24 Chart for @S6U Options for @S6U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 16 454'4 456'0 441'6 455'0 0'4 454'6s 06/24 Chart for @W6N Options for @W6N
Sep 16 465'4 466'2 453'2 465'2 -0'6 465'0s 06/24 Chart for @W6U Options for @W6U
Dec 16 485'0 486'2 473'2 485'0 -1'4 484'6s 06/24 Chart for @W6Z Options for @W6Z
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Jul 16 3832 3869 3717 3779 - 76 3756s 06/24 Chart for @SM6N Options for @SM6N
Aug 16 3840 3880 3725 3790 - 74 3766s 06/24 Chart for @SM6Q Options for @SM6Q
Sep 16 3830 3867 3716 3775 - 76 3754s 06/24 Chart for @SM6U Options for @SM6U
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Jul 16 31.74 31.75 30.93 31.08 -0.76 30.99s 06/24 Chart for @BO6N Options for @BO6N
Aug 16 31.90 31.90 31.07 31.22 -0.77 31.13s 06/24 Chart for @BO6Q Options for @BO6Q
Sep 16 32.02 32.02 31.20 31.36 -0.77 31.27s 06/24 Chart for @BO6U Options for @BO6U
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Jul 16 206'4 210'4 201'2 210'2 1'6 209'0s 06/24 Chart for @O6N Options for @O6N
Sep 16 206'0 206'0 199'0 200'0 -4'6 201'0s 06/24 Chart for @O6U Options for @O6U
Dec 16 210'0 210'0 202'0 205'6 -4'2 205'6s 06/24 Chart for @O6Z Options for @O6Z
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Jul 16 83.975 84.475 83.675 83.900 -0.225 84.050s 06/24 Chart for @HE6N Options for @HE6N
Aug 16 84.450 85.425 84.200 84.800 -0.475 84.975s 06/24 Chart for @HE6Q Options for @HE6Q
Oct 16 71.200 72.100 71.000 71.600 -0.250 71.950s 06/24 Chart for @HE6V Options for @HE6V
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Jun 16 115.200 116.450 114.100 114.500 - 2.050 114.700s 06/24 Chart for @LE6M Options for @LE6M
Aug 16 112.275 113.275 110.850 110.850 - 2.975 110.875s 06/24 Chart for @LE6Q Options for @LE6Q
Oct 16 112.000 112.775 110.750 110.775 - 2.750 110.875s 06/24 Chart for @LE6V Options for @LE6V
@AC - ETHANOL - CBOT
Month Open High Low Last Change Close Time More
Jul 16 1.581 1.604 1.555 1.604 0.013 1.595s 06/24 Chart for @AC6N Options for @AC6N
Aug 16 1.571 1.582 1.545 1.582 0.009 1.579s 06/24 Chart for @AC6Q Options for @AC6Q
Sep 16 1.555 1.565 1.535 1.559 0.002 1.559s 06/24 Chart for @AC6U Options for @AC6U
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Jun 16 13.23 13.24 13.22 13.22 -0.02 13.22s 06/24 Chart for @DA6M Options for @DA6M
Jul 16 15.01 15.01 14.80 14.83 -0.17 14.84s 06/24 Chart for @DA6N Options for @DA6N
Aug 16 16.23 16.23 15.77 15.83 -0.37 15.91s 06/24 Chart for @DA6Q Options for @DA6Q
@TY - 10 YR US TREASURY NOTE - CBOT
Month Open High Low Last Change Close Time More
Sep 16 130'22.5 134'07.0 130'21.5 132'19.0 1'18.0 132'12.0s 06/24 Chart for @TY6U Options for @TY6U
Dec 16 130'05.5 133'06.0 130'05.5 131'18.0 1'18.0 131'20.0s 06/24 Chart for @TY6Z Options for @TY6Z
Mar 17 130'26.0 1'18.0 130'26.0s 06/24 Chart for @TY7H Options for @TY7H
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Jun 16 Chart for @ZG6M Options for @ZG6M
Jul 16 Chart for @ZG6N Options for @ZG6N
Aug 16 Chart for @ZG6Q Options for @ZG6Q
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Sep 16 2030.00 2063.00 2019.00 2019.00 - 87.20 2018.60s 06/24 Chart for SP6U Options for SP6U
Dec 16 2052.00 2014.00 2082.00 - 87.70 2010.30s 06/24 Chart for SP6Z Options for SP6Z
Mar 17 2045.30 2007.30 2067.80 - 87.80 2003.50s 06/24 Chart for SP7H Options for SP7H
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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