Quote Ticker
  • CORN (Mar 17) 369'4 -0'2 1/23/17   10:32 AM CST
  • CORN (May 17) 376'4 0'2 1/23/17   10:32 AM CST
  • CORN (Jul 17) 383'2 0'2 1/23/17   10:32 AM CST
  • SOYBEANS (Mar 17) 1062'2 -5'2 1/23/17   10:32 AM CST
  • SOYBEANS (May 17) 1071'0 -5'0 1/23/17   10:32 AM CST
  • SOYBEANS (Jul 17) 1076'6 -5'2 1/23/17   10:32 AM CST
  • WHEAT (Mar 17) 431'6 3'4 1/23/17   10:32 AM CST
  • WHEAT (May 17) 445'6 2'4 1/23/17   10:32 AM CST
  • WHEAT (Jul 17) 460'0 1'4 1/23/17   10:32 AM CST
  • SOYBEAN MEAL (Mar 17) 3451 - 36 1/23/17   10:32 AM CST
  • SOYBEAN MEAL (May 17) 3479 - 31 1/23/17   10:31 AM CST
  • SOYBEAN MEAL (Jul 17) 3488 - 31 1/23/17   10:32 AM CST
  • SOYBEAN OIL (Mar 17) 35.33 0.18 1/23/17   10:32 AM CST
  • SOYBEAN OIL (May 17) 35.56 0.17 1/23/17   10:32 AM CST
  • SOYBEAN OIL (Jul 17) 35.80 0.17 1/23/17   10:32 AM CST
  • OATS (Mar 17) 267'4 4'6 1/23/17   10:27 AM CST
  • OATS (May 17) 254'0 3'0 1/23/17   10:27 AM CST
  • OATS (Jul 17) 252'0 4'6 1/23/17   10:11 AM CST
  • LEAN HOGS (Feb 17) 64.700 -0.600 1/23/17   10:32 AM CST
  • LEAN HOGS (Apr 17) 67.500 -0.975 1/23/17   10:32 AM CST
  • LEAN HOGS (May 17) 72.500 -0.775 1/23/17   9:26 AM CST
  • LIVE CATTLE (Feb 17) 119.975 - 0.275 1/23/17   10:32 AM CST
  • LIVE CATTLE (Apr 17) 118.875 - 0.100 1/23/17   10:32 AM CST
  • LIVE CATTLE (Jun 17) 108.650 - 0.050 1/23/17   10:32 AM CST
  • ETHANOL (Feb 17) 1.484 -0.006 1/23/17   10:13 AM CST
  • ETHANOL (Mar 17) 1.514 -0.004 1/23/17   9:58 AM CST
  • ETHANOL (Apr 17) 1.535 -0.007 1/23/17   9:20 AM CST
  • MILK CLASS III (Jan 17) 16.77 1/23/17   9:07 AM CST
  • MILK CLASS III (Feb 17) 16.90 -0.06 1/23/17   10:31 AM CST
  • MILK CLASS III (Mar 17) 17.37 -0.03 1/23/17   10:21 AM CST
  • 10 YR US TREASURY NOTE (Mar 17) 124'20.5 0'13.5 1/23/17   10:31 AM CST
  • 10 YR US TREASURY NOTE (Jun 17) 124'04.0 0'15.5 1/23/17   10:30 AM CST
  • 10 YR US TREASURY NOTE (Sep 17)     CST
  • S&P 500 INDEX (Mar 17) 2254.80 - 11.10 1/23/17   10:26 AM CST
  • S&P 500 INDEX (Jun 17) 2258.00     CST
  • S&P 500 INDEX (Sep 17) 2140.70     CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Jan 31, 17    
  Chart Mar 31, 17    
  Chart May 31, 17    
  Chart Nov 30, 17    
 #1 Yellow Soybeans Chart Jan 31, 17    
  Chart Mar 31, 17    
 #2 Soft Red Winter Wheat Chart Sep 30, 17    
Western PA Farm Delivery Cash   Basis    
 #2 Yellow Corn 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    
  Chart Aug 31, 17    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Jan 31, 17    
 #2 Soft Red Wheat Chart Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Jan 31, 17    
Eastern OH Delivery Cash   Basis    
 #2 Yellow Corn 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    
  Chart Aug 31, 17    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn 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 Jan 31, 17    
  Chart Feb 28, 17    
  Chart Mar 31, 17    
 #1 Yellow Soybeans Chart Jan 31, 17    
Price as of 01/23/17 10:43AM CST.
Click to view more Cash Bid Trading System

CHART OF THE DAY
Jan 20, 2017

**  USDA confirms record 2016 US Corn harvest  – 15.15 billion bushels (revised slightly lower from Nov).
** World corn carryout seen  at a  record high, but  not quite as burdensome when compared to use.
**  South American spring corn planting  complete in Brazil, over 90%  planted in Argentina.
** Ethanol margins  5-10 c/gal positive.   Livestock sector slightly profitable overall.
**  US  Corn  should see  continued  yr/yr gains in exports.   Black Sea, Arg, & US competing for  biz.
**  Funds leaning  about  60,000 contracts net short corn.

Overnight,  corn  trade  was  very  quiet, generally maintaining a slightly weaker bias in sympathy with
beans, but  ended up closing near unchanged.  Weekly Export Sales were as good as could be expected
given the recent upswing of daily sales announcements.  Net new business of 1.368 million metric tons
included a lot of the usual players  – Japan, Taiwan, Mexico, etc.  The level takes sales + ship for the year
to date to 37.7 mmt vs. 22.3 mmt this time last year.  Right on cue, shortly after the release of the
report,  the  USDA  found  another  two  cargos  of  US  corn  sold  to  “unknown”  buyers,  which  should
contribute to another good report next week.  Some of the recent US bookings may represent “hedges”
against  potential  Argentine  flood  losses? On  that  subject,  Argentina  appears  to  be  receiving  the
expected  ~ten  days of  warm/dry weather,  which  should  help  things  dry  down  and give  folks  on the
ground a chance to assess damage. Brazil conditions remain quite favorable, and we are quite frankly
running out of time to hurt the first/summer crops.  RGDS province reported 15% of the corn crop had
been  harvested,  which  compared  to  12%  average. South  Africa  gearing  up  for  a  return  to  more
“normal” production levels in corn after two years of harsh drought.

Interesting start to the week, with corn  finally breaking a two-month-long trend of “lower highs”. A
broad resistance shelf  extending up to $3.70 has stifled rallies since October, and one has to take a
slightly cautious stance at chasing rallies given that fact.  Still, there are multiple technical buy signals
flashing in corn for the moment, which hints at least at  some potential to see higher values ($3.85?).
We would expect the market to  continue to  find commercial buying  in the low $3.50’s for now, with
minor, initial, support viewed at  $3.60 CH for the moment.



The corn market featured a “start lower, end higher,” trade Thursday, but did so in rather undramatic
fashion with a penny higher close.  Futures felt heavy early in the day, managed to shake off the rust,
but  were  met  with  more  selling  near  the  prior  day’s high.  Managed Money funds were viewed net
buyers of about 5,000 corn, which would pare their net short to around 55,000.  Cash trade was mostly
steady,  with  the  exception  of  the  PNW,  which  remains  volatile  due  to  rail  freight  disruptions.
The weekly EIA report offered some surprises to ethanol traders.  Run rates were boosted another 0.5%,
marking a new record high production level for the industry.  If such rates were carried forward (and
they  almost  certainly  will  not),  it  would  imply  a  corn  ethanol  grind  of  over  5.6  billion  bushels.   
The downtrend  in  the  ethanol  crush  over  the  past  thirty  days  has  led  to  a  much  more  variable 
margin environment.  We would estimate roughly 25% of the ethanol industry is likely losing some money
today (mostly in the East).  Another 25% is close to breakeven, while the remaining 50% are earning
closer to 5c/gal (10-15 c/bu) profits.  Fortunately for corn demand, livestock producer margins have
been trending up over the past couple of months, and nearly all sectors are able to make money.


 

 


Local Conditions
Mifflintown, PA
Chg Zip Code: 
Temp: 41oF Feels Like: 34oF
Humid: 86% Dew Pt: 37oF
Barom: 29.7 Wind Dir: NE
Cond: N/A Wind Spd: 12 mph
Sunrise: 7:24 Sunset: 5:14
As reported at SELINSGROVE, PA at 11:00 AM
 
Local Radar
Mifflintown, PA
Radar
 
Local Forecast
Mifflintown, PA

Monday

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High: 49°F
Low: 37°F
Precip: 80%
High: 38°F
Low: 34°F
Precip: 80%
High: 45°F
Low: 29°F
Precip: 20%
High: 41°F
Low: 35°F
Precip: 20%
High: 36°F
Low: 30°F
Precip: 0%
View complete Local Weather



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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 17 369'4 370'0 367'4 369'4 -0'2 369'6 10:32A Chart for @C7H Options for @C7H
May 17 376'0 376'4 374'2 376'4 0'2 376'2 10:32A Chart for @C7K Options for @C7K
Jul 17 382'6 383'2 381'0 383'2 0'2 383'0 10:32A Chart for @C7N Options for @C7N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 17 1067'4 1069'6 1056'2 1062'2 -5'2 1067'4 10:32A Chart for @S7H Options for @S7H
May 17 1076'0 1077'6 1065'2 1071'0 -5'0 1076'0 10:32A Chart for @S7K Options for @S7K
Jul 17 1082'0 1084'0 1071'4 1076'6 -5'2 1082'0 10:32A Chart for @S7N Options for @S7N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 17 429'0 432'2 427'4 431'6 3'4 428'2 10:32A Chart for @W7H Options for @W7H
May 17 443'4 446'2 442'0 445'6 2'4 443'2 10:32A Chart for @W7K Options for @W7K
Jul 17 458'2 460'6 456'4 460'0 1'4 458'4 10:32A Chart for @W7N Options for @W7N
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Mar 17 3489 3495 3415 3451 - 36 3487 10:32A Chart for @SM7H Options for @SM7H
May 17 3513 3513 3443 3479 - 31 3510 10:32A Chart for @SM7K Options for @SM7K
Jul 17 3519 3519 3456 3488 - 31 3519 10:32A Chart for @SM7N Options for @SM7N
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Mar 17 35.15 35.52 35.10 35.33 0.18 35.15 10:32A Chart for @BO7H Options for @BO7H
May 17 35.45 35.75 35.34 35.56 0.17 35.39 10:32A Chart for @BO7K Options for @BO7K
Jul 17 35.65 35.99 35.59 35.80 0.17 35.63 10:32A Chart for @BO7N Options for @BO7N
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Mar 17 264'4 268'0 262'4 267'4 4'6 262'6 10:30A Chart for @O7H Options for @O7H
May 17 251'4 254'2 250'2 254'0 3'0 251'0 10:30A Chart for @O7K Options for @O7K
Jul 17 250'0 252'0 247'2 252'0 4'6 247'2 10:29A Chart for @O7N Options for @O7N
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Feb 17 65.350 65.450 64.525 64.700 -0.600 65.300 10:32A Chart for @HE7G Options for @HE7G
Apr 17 68.500 68.575 67.325 67.500 -0.975 68.475 10:32A Chart for @HE7J Options for @HE7J
May 17 72.950 72.950 72.500 72.500 -0.775 73.275 10:32A Chart for @HE7K Options for @HE7K
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Feb 17 120.000 120.600 119.500 119.975 - 0.275 120.250 10:32A Chart for @LE7G Options for @LE7G
Apr 17 118.775 119.250 118.150 118.875 - 0.100 118.975 10:32A Chart for @LE7J Options for @LE7J
Jun 17 108.400 108.950 108.075 108.650 - 0.050 108.700 10:32A Chart for @LE7M Options for @LE7M
@AC - ETHANOL - CBOT
Month Open High Low Last Change Close Time More
Feb 17 1.478 1.487 1.478 1.484 -0.006 1.490 10:27A Chart for @AC7G Options for @AC7G
Mar 17 1.519 1.519 1.509 1.514 -0.004 1.518 10:27A Chart for @AC7H Options for @AC7H
Apr 17 1.536 1.536 1.535 1.535 -0.007 1.542 10:13A Chart for @AC7J Options for @AC7J
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Jan 17 16.76 16.77 16.76 16.77 16.77 09:48A Chart for @DA7F Options for @DA7F
Feb 17 16.90 16.94 16.86 16.90 -0.06 16.96 10:31A Chart for @DA7G Options for @DA7G
Mar 17 17.45 17.46 17.33 17.37 -0.03 17.40 10:27A Chart for @DA7H Options for @DA7H
@TY - 10 YR US TREASURY NOTE - CBOT
Month Open High Low Last Change Close Time More
Mar 17 124'05.5 124'24.0 124'05.0 124'20.5 0'13.5 124'07.0 10:32A Chart for @TY7H Options for @TY7H
Jun 17 123'28.0 124'05.0 123'21.0 124'04.0 0'15.5 123'20.5 10:31A Chart for @TY7M Options for @TY7M
Sep 17 124'07.5 Chart for @TY7U Options for @TY7U
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Jan 17 Chart for @ZG7F Options for @ZG7F
Feb 17 Chart for @ZG7G Options for @ZG7G
Mar 17 Chart for @ZG7H Options for @ZG7H
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Mar 17 2262.80 2267.00 2254.50 2254.80 - 11.10 2265.90 10:29A Chart for SP7H Options for SP7H
Jun 17 2259.30 2249.30 2258.00 2260.30 Chart for SP7M Options for SP7M
Sep 17 2254.80 2244.80 2140.70 2255.80 Chart for SP7U Options for SP7U
My Custom Markets
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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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