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WORTHINGTON
74
Sunny
Feels Like
75 F
Humidity
76 %
Dew Point
66 F
Barometer
30.03 inHg
Winds
N 10 mph
Sunrise
05:55:00
Sunset
21:01:00

Mon 7/16

Tue 7/17

Wed 7/18

Thu 7/19

Fri 7/20

High

81 F

77 F

76 F

74 F

79 F

Low

59 F

58 F

61 F

66 F

62 F

Percip

0%

0%

0%

0%

0%

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CFE Grain Comments

7/13/2018

Good Morning!

The trade continues to be dominated by yesterday’s July WASDE crop report numbers. Soybeans are testing yesterday’s lows. Corn is down 3 to 4 cents despite friendly fundamentals. Wheat is up slightly amid falling world supplies and the tightest world wheat stocks to use ratio in many years. For the week winter wheat prices are down roughly 25 cents for SRW, down 24 in the HRW, and down 25 for HRS. Corn is down roughly 17 cents and soybeans are down 50 cents. Chinese Ag futures settled down 45 yuan in Soybeans, up 4 in Corn, down 30 in Soymeal, down 20 in Soyoil, and down 20 in Palm Oil. Crude oil is trading slightly higher. Equity futures are up slightly following yesterday’s triple digit gains.

The Buenos Aires Grains Exchange reported the country’s drought stricken corn crop could be cut further from its current estimate of 32 MMTs. The USDA has pegged the Argentina corn crop at 33.0 MMTs.

Rosario Exchange estimating Argentina’s 2018/19 wheat harvest to be a record 20 MMTs due to increased seeding. Producers are expected to plant 6.18 million hectares, up from the Exchange’s previous estimate of 6.0 million hectares.

China has released a statement reaffirming their commitment on working with the U.S. and North Korea on denuclearizing North Korea.

A cold front will move across the Midwest this weekend bringing cooler temps and rains of .25-1.5 inches for a large portion of the Midwest. The extended forecast is calling for more seasonal temps and near normal rainfall for the last half of July.

Have a great weekend and be safe out there!

This Marketing Information provided by

Wayne Kollis - Melissa Peters - Mike Rosenberg
Matt Zeman - Austin Behrendsen
 

@CU8
@CU8
CORN
Last High Low Change Last Updated  
Sep '18 3.4000 3.4050 3.3925 -0.0125 7/15/18 7:16 PM
Dec '18 3.5325 3.5375 3.5275 -0.0150 7/15/18 7:16 PM
Mar '19 3.6500 3.6550 3.6450 -0.0150 7/15/18 7:16 PM
May '19 3.7175 3.7200 3.7150 -0.0150 7/15/18 7:16 PM
Jul '19 3.7750 3.7775 3.7750 -0.0175 7/15/18 7:16 PM
SOYBEANS
Last High Low Change Last Updated  
Aug '18 8.1975 8.2100 8.1750 0.0100 7/15/18 7:16 PM
Sep '18 8.2550 8.2675 8.2300 0.0100 7/15/18 7:16 PM
Nov '18 8.3450 8.3700 8.3275 0.0025 7/15/18 7:16 PM
Jan '19 8.4550 8.4650 8.4325 0.0125 7/15/18 7:16 PM
Mar '19 8.5475 8.5550 8.5275 0.0125 7/15/18 7:16 PM
SOYBEAN MEAL
Last High Low Change Last Updated  
Aug '18 326.3 327.0 325.9 0.3 7/15/18 7:16 PM
Sep '18 325.5 326.2 325.3 0.1 7/15/18 7:16 PM
Oct '18 324.9 325.3 324.5 0.4 7/15/18 7:16 PM
Dec '18 323.2 323.9 323.0 0.2 7/15/18 7:16 PM
Jan '19 320.7 321.3 320.3 0.5 7/15/18 7:16 PM
LEAN HOGS
Last High Low Change Last Updated  
Jul '18 79.950 80.025 79.850 0.000 7/13/18 4:09 PM
Aug '18 70.150 71.200 70.075 -0.275 7/13/18 3:18 PM
Oct '18 55.300 55.675 53.750 1.350 7/13/18 4:09 PM
FEEDER CATTLE
Last High Low Change Last Updated  
Aug '18 150.725 151.500 150.050 -0.300 7/13/18 1:05 PM
Sep '18 151.075 151.375 150.075 0.100 7/13/18 4:08 PM
Oct '18 151.350 151.675 150.450 0.075 7/13/18 1:05 PM
LIVE CATTLE
Last High Low Change Last Updated  
Aug '18 104.550 105.300 103.950 -0.475 7/13/18 2:30 PM
Oct '18 107.375 107.975 106.750 -0.225 7/13/18 4:09 PM
Dec '18 111.400 111.800 110.925 -0.175 7/13/18 2:30 PM
DTN Click here for info on Exchange delays.

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