Quote Ticker
  • CORN (Jul 15) 416'4 -3'2 7/5/15   7:41 PM CST
  • CORN (Sep 15) 425'0 -3'4 7/5/15   7:45 PM CST
  • CORN (Dec 15) 433'4 -3'6 7/5/15   7:45 PM CST
  • SOYBEANS (Jul 15) 1033'0 -12'2 7/5/15   7:10 PM CST
  • SOYBEANS (Aug 15) 1025'6 -12'4 7/5/15   7:45 PM CST
  • SOYBEANS (Sep 15) 1019'6 -11'6 7/5/15   7:45 PM CST
  • WHEAT (Jul 15) 573'6 -12'0 7/5/15   7:30 PM CST
  • WHEAT (Sep 15) 582'0 -8'4 7/5/15   7:45 PM CST
  • WHEAT (Dec 15) 591'2 -8'0 7/5/15   7:45 PM CST
  • SOYBEAN MEAL (Jul 15) 3531 - 43 7/5/15   7:31 PM CST
  • SOYBEAN MEAL (Aug 15) 3472 - 29 7/5/15   7:45 PM CST
  • SOYBEAN MEAL (Sep 15) 3433 - 28 7/5/15   7:45 PM CST
  • SOYBEAN OIL (Jul 15) 33.07 -0.29 7/5/15   7:15 PM CST
  • SOYBEAN OIL (Aug 15) 33.15 -0.33 7/5/15   7:41 PM CST
  • SOYBEAN OIL (Sep 15) 33.24 -0.32 7/5/15   7:43 PM CST
  • OATS (Jul 15) 247'2 5'0 7/2/15   12:15 PM CST
  • OATS (Sep 15) 257'0 -3'0 7/5/15   7:17 PM CST
  • OATS (Dec 15) 271'2 -3'2 7/5/15   7:40 PM CST
  • LEAN HOGS (Jul 15) 78.900 1.675 7/2/15   12:15 PM CST
  • LEAN HOGS (Aug 15) 76.450 1.525 7/2/15   12:15 PM CST
  • LEAN HOGS (Oct 15) 66.450 0.950 7/2/15   12:15 PM CST
  • LIVE CATTLE (Aug 15) 151.050 0.150 7/2/15   12:15 PM CST
  • LIVE CATTLE (Oct 15) 154.200 0.425 7/2/15   12:15 PM CST
  • LIVE CATTLE (Dec 15) 154.650 - 0.025 7/2/15   12:15 PM CST
  • ETHANOL (Jul 15) 1.609 7/5/15   1:02 PM CST
  • ETHANOL (Aug 15) 1.655 0.007 7/5/15   7:31 PM CST
  • ETHANOL (Sep 15) 1.640 0.003 7/5/15   7:31 PM CST
  • MILK CLASS III (Jul 15) 16.11     CST
  • MILK CLASS III (Aug 15) 16.46 -0.05 7/5/15   5:02 PM CST
  • MILK CLASS III (Sep 15) 16.57     CST
  • 10 YR US TREASURY NOTE (Sep 15) 126'25.5 0'29.5 7/5/15   7:46 PM CST
  • 10 YR US TREASURY NOTE (Dec 15) 126'12.0 1'12.0 7/5/15   5:02 PM CST
  • 10 YR US TREASURY NOTE (Mar 16) 124'16.0 0'00.0 7/5/15   1:01 PM CST
  • S&P 500 INDEX (Sep 15) 2068.70 - 2.10 7/2/15   3:24 PM CST
  • S&P 500 INDEX (Dec 15) 2086.50 - 2.10 7/2/15   3:24 PM CST
  • S&P 500 INDEX (Mar 16) 2083.70 - 2.10 7/2/15   3:24 PM CST
  • DJ INDUSTRIAL AVERAGE (Sep 15) 17617.00 215.00     CST
  • DJ INDUSTRIAL AVERAGE (Dec 15) 17527.00 215.00     CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 15    
  Chart Aug 31, 15    
  Chart Nov 30, 15    
  Chart Mar 31, 16    
 #1 Yellow Soybeans Chart Jul 31, 15    
  Chart Oct 31, 15    
 #2 Soft Red Winter Wheat Chart Aug 31, 15    
Western PA Farm Delivery Cash   Basis    
 #2 Soft Red Wheat Chart Jul 31, 15    
  Chart Aug 31, 15    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 15    
  Chart Aug 31, 15    
  Chart Oct 31, 15    
  Chart Nov 30, 15    
  Chart Dec 31, 15    
 #2 Soft Red Wheat Chart Jul 31, 15    
  Chart Aug 31, 15    
  Chart Sep 30, 15    
 #1 Yellow Soybeans Chart Jul 31, 15    
  Chart Oct 31, 15    
  Chart Nov 30, 15    
Eastern OH Delivery Cash   Basis    
 #2 Soft Red Winter Wheat Chart Jul 31, 15    
  Chart Aug 31, 15    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn Chart Jul 31, 15    
  Chart Aug 31, 15    
  Chart Oct 31, 15    
  Chart Nov 30, 15    
  Chart Dec 31, 15    
 #2 Soft Red Wheat Chart Jul 31, 15    
  Chart Aug 31, 15    
  Chart Sep 30, 15    
 #1 Yellow Soybeans Chart Jul 31, 15    
  Chart Oct 31, 15    
  Chart Nov 30, 15    
Price as of 07/05/15 07:56PM CDT.
Click to view more Cash Bid Trading System

CHART OF THE DAY

July 2, 2015

**  US corn  rated 68% Good-Ex. (-3%  wk/wk), vs.  75% last year. Big drops seen again in Eastern Belt.
**  World Corn Weather  generally remains favorable at this timing. S & E  US  Midwest  too  wet.
** World corn carryout seen at a multi-year high.  World  Stocks/Use at top-end of a ten year range.
** Ethanol margins  breakeven.  Livestock “okay”.  Export competitiveness mixed.
**  Corn Ethanol mandate set at 13.4 bil gal for 2015 vs. 13.25 bil in 2014. 2016 increases to 14.0 bil.
** Spec funds  built up a large net short position in corn into June; they are struggling to get out
.

Overnight, the corn market received another dose of choppy, indecisive trade, as early strength failed to
last  into  morning. Futures  finished  two  cents  lower  by  the  AM  break,  with  the  deliverable  July
continuing to lose ground in the wake of delivery notices.  Position-squaring will be the order of the day
ahead  of  a  super-charged  summer  three  day  weather  weekend.    Grain  markets  close  at  noon  today
(Thurs) and are closed all day Friday.  Export Sales were solid, yet unspectacular at 594,300 mt old crop
and 238,900 mt.  Since then, futures have rallied and CIF basis has declined only modestly, which has hit
the pause button on new tender business.  The US needs to ship about 1 mmt each week until Sept 1 to
achieve USDA export projections; as of this morning, there were 9.5 mmt of sales still outstanding with
36.2  mmt  shipped  to  date. At  this  time,  weather  appears  to  be  a  bear  element  heading  into  the
weekend, with wet areas set to dry  some over the next five days, and the rest set  to pollinate in cool weather 
with  good  subsoil  moisture.  Brazil’s  second  crop  harvest  is  seeing  some  delays  due  to  rain.
Informa will release crop production estimates later this AM, which could get the market’s attention.

Corn blew through second price counts Tuesday. If corn can hold gains together this week and next,
the market could look to the next set of counts in the $4.50-$4.60 area. Fundamentally, this should be
plenty for the market, as competition both at home and abroad will limit demand. Summer can often
be a time of exaggerated price moves,  so proper risk management is key.


Wednesday  was  “catch  your  breath”  day  in  the  corn  market,  featuring  two-sided  price  action  that
ultimately  closed  sharply  unchanged. A mid-day  10  cent  break  failed  to  carry,  and  the  market  saw plenty
of buying into the close.   Funds were estimated net buyers of 5,000 corn Wed, and are likely net short the corn
market by perhaps  50,000-75,000 contracts.  CFTC will not issue Commitment of Traders data  until  Monday 
afternoon  due   to  the  impending  holiday.    Farm  selling  was  active  on  Wed’s  early strength, but quieted
down when the  market set back.  Basis levels remain in retreat at most locations, with interior locations trading 20-30
cents/bu off recent highs.  This is good for the ethanol industry in particular,  who  are  struggling  with  “breakeven”  crush 
margins  – the  break  in  basis  is  the  only  thing keeping spot margins in the black for many! 

The weekly EIA report found the expected dip in weekly ethanol production, which fell 3% to 968,000 bbl/day. 
Such a rate would consume just under 5.3 billion bushels annualized over a marketing year, though the MYTD average
grind (Sept-June) is averaging just below 5.2 billion. In a separate report, the USDA pegged egg sets up 2% & broilers
placed up 3% yr/yr, as the poultry industry recovers from bird flu.

 

 


Local Conditions
Mifflintown, PA
Chg Zip Code: 
Temp: 73oF Feels Like: 77oF
Humid: 79% Dew Pt: 66oF
Barom: 30.12 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 5:42 Sunset: 8:42
As reported at SELINSGROVE, PA at 8:00 PM
 
Local Radar
Mifflintown, PA
Radar
 
Local Forecast
Mifflintown, PA

Monday

Tuesday

Wednesday

Thursday

Friday
High: 82°F
Low: 65°F
Precip: 50%
High: 86°F
Low: 70°F
Precip: 80%
High: 78°F
Low: 69°F
Precip: 66%
High: 81°F
Low: 64°F
Precip: 73%
High: 83°F
Low: 66°F
Precip: 30%
View complete Local Weather

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the potential to increase overall production, enhance fertilizer efficacy,
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We offer MICRO-CAL+ NUTRIENT RICH SOLUBLE CALCIUM of the highest-quality 
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Our success is built upon research and development, using sound scientific principles
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Video Clips
Thoughts for the DAY

Often related to the notion of reasonable or affordable prices is the idea of keeping “costs”
down by various government devices. But prices are not costs. Prices are what pay for costs.
Where the costs are not covered by the prices that are legally allowed to be charged, the supply
of the goods or services simply tends to decline in quantity or quality, whether those goods are
apartments, medicines, or other things.

The cost of medical care is not reduced in the slightest when the government imposes lower rates
of pay for doctors or hospitals. There are still just as many resources required as before to build and
equip a hospital or to train a medical student to become a doctor. Countries which impose lower
prices on medical treatment have ended up with longer waiting lists to see doctors, less modern
equipment in their hospitals and, in the case of Britain, a substantial proportion of their doctors have
come from Third World countries with lower quality medical training, because of an inadequate supply
of British doctors willing to practice medicine in Britain. Costs have not been lowered for the same
medical care. Lower prices have been paid for lower quality treatment.

“There is enormous pressure for climate scientists to conform to the so-called consensus. This
pressure comes not only from politicians,
but form federal funding agencies, universities, and
professional
societies and scientists themselves who are green activists and
advocates. Reinforcing
this consensus are strong monetary,
reputational and authority interests. The closing of the minds on
the
climate change issue is a tragedy for both science and society.”

Dr. Judith Curry, formerly the Chair of Georgia Tech’s School
of Earth and Atmospheric Sciences. Dr. Curry serves on
NASA’s Advisory Council on Earth Sciences.




 

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 15 417'6 419'0 414'6 416'4 -3'2 419'6 07:45P Chart for @C5N Options for @C5N
Sep 15 427'0 428'0 422'6 425'0 -3'4 428'4 07:44P Chart for @C5U Options for @C5U
Dec 15 434'6 437'0 431'2 433'4 -3'6 437'2 07:44P Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 15 1037'0 1038'0 1033'0 1033'0 -12'2 1045'2 07:44P Chart for @S5N Options for @S5N
Aug 15 1032'0 1032'0 1022'6 1025'4 -12'6 1038'2 07:44P Chart for @S5Q Options for @S5Q
Sep 15 1025'4 1025'4 1016'2 1019'6 -11'6 1031'4 07:44P Chart for @S5U Options for @S5U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 15 580'0 580'0 572'2 573'6 -12'0 585'6 07:44P Chart for @W5N Options for @W5N
Sep 15 584'4 586'2 576'6 581'6 -8'6 590'4 07:44P Chart for @W5U Options for @W5U
Dec 15 594'0 594'4 586'0 591'0 -8'2 599'2 07:44P Chart for @W5Z Options for @W5Z
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Jul 15 3567 3567 3525 3531 - 43 3574 07:44P Chart for @SM5N Options for @SM5N
Aug 15 3481 3482 3457 3472 - 29 3501 07:44P Chart for @SM5Q Options for @SM5Q
Sep 15 3438 3439 3419 3432 - 29 3461 07:44P Chart for @SM5U Options for @SM5U
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Jul 15 33.30 33.32 32.98 33.07 -0.29 33.36 07:45P Chart for @BO5N Options for @BO5N
Aug 15 33.45 33.48 33.10 33.15 -0.33 33.48 07:45P Chart for @BO5Q Options for @BO5Q
Sep 15 33.54 33.54 33.19 33.24 -0.32 33.56 07:45P Chart for @BO5U Options for @BO5U
@O - OATS - CBOT
Month Open High Low Last Change Close Time More
Jul 15 244'0 247'2 244'0 247'2 5'0 250'0s 07:40P Chart for @O5N Options for @O5N
Sep 15 260'0 260'0 257'0 257'0 -3'0 260'0 07:40P Chart for @O5U Options for @O5U
Dec 15 272'0 272'0 270'4 271'2 -3'2 274'4 07:40P Chart for @O5Z Options for @O5Z
LH - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Jul 15 77.700 78.900 77.550 78.900 1.675 78.775s 07/02 Chart for LH5N Options for LH5N
Aug 15 75.500 76.500 75.200 76.450 1.525 76.375s 07/02 Chart for LH5Q Options for LH5Q
Oct 15 66.450 66.450 66.450 66.450 0.950 66.275s 07/02 Chart for LH5V Options for LH5V
LC - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 15 150.950 151.600 150.850 151.050 0.150 151.225s 07/02 Chart for LC5Q Options for LC5Q
Oct 15 153.700 154.200 153.600 154.200 0.425 154.125s 07/02 Chart for LC5V Options for LC5V
Dec 15 155.100 155.100 154.650 154.650 - 0.025 154.725s 07/02 Chart for LC5Z Options for LC5Z
@AC - ETHANOL - CBOT
Month Open High Low Last Change Close Time More
Jul 15 1.609 1.628s 07:39P Chart for @AC5N Options for @AC5N
Aug 15 1.664 1.664 1.655 1.655 0.007 1.648 07:37P Chart for @AC5Q Options for @AC5Q
Sep 15 1.652 1.652 1.640 1.640 0.003 1.637 07:37P Chart for @AC5U Options for @AC5U
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Jul 15 16.11 16.11 Chart for @DA5N Options for @DA5N
Aug 15 16.62 16.62 16.46 16.46 -0.05 16.51 05:26P Chart for @DA5Q Options for @DA5Q
Sep 15 16.57 16.57 Chart for @DA5U Options for @DA5U
@TY - 10 YR US TREASURY NOTE - CBOT
Month Open High Low Last Change Close Time More
Sep 15 127'00.0 127'06.5 126'23.5 126'24.5 0'28.5 125'28.0 07:44P Chart for @TY5U Options for @TY5U
Dec 15 126'12.0 126'12.0 125'30.0 126'12.0 1'12.0 125'00.0 07:44P Chart for @TY5Z Options for @TY5Z
Mar 16 124'16.0 0'00.0 124'16.0s 01:01P Chart for @TY6H Options for @TY6H
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Jul 15 Chart for @ZG5N Options for @ZG5N
Aug 15 Chart for @ZG5Q Options for @ZG5Q
Sep 15 Chart for @ZG5U Options for @ZG5U
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Sep 15 2075.00 2076.80 2062.80 2068.70 - 2.10 2068.80s 07/02 Chart for SP5U Options for SP5U
Dec 15 2065.70 2056.20 2086.50 - 2.10 2061.10s 07/02 Chart for SP5Z Options for SP5Z
Mar 16 2060.30 2050.80 2083.70 - 2.10 2055.70s 07/02 Chart for SP6H Options for SP6H
DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Sep 15 17617.00 215.00 17617.00s Chart for DJ5U Options for DJ5U
Dec 15 17527.00 215.00 17527.00s Chart for DJ5Z Options for DJ5Z
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Fertilizer
Please give us a call for current and in season
prices for all of your fertilizer needs. We have very
competitive prices on 30% UAN, Starter, MAP,
DAP, AMS, and Potash.  We also offer custom
dry and liquid blends.

(877) 343-4278 or email us @
jon@keystonecommodities.com
 

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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