Last week’s markets were SHARPLY lower for wheat, steady-higher for corn and soybeans. The energy markets were lower, financial markets lower and the Dollar Index was lower, closing the week at $95.52. The US bond market continued to rally with the 10 Year Bond yielding 1.53% and the 30-year bond closed at 2.26%. For the week, SEP Corn was 0.5 cents lower, closing at $3.345, AUG Soybeans gained 26 cents, closing at $10.325 and SEP wheat was 17.5 cents lower, closing at $4.0775. For the week, Crude Oil lost $2.76, closing at $41.43. The DOW lost 138 points, closing at 18,429 and the US Dollar Index closed at $95.52, down $1.94. August Heating Oil futures closed at $1.3054, down $0.0514 for the week. CBOT closes in the NOV-DEC contracts were $3.4275, $10.03 and $4.3575 for 2016 DEC Corn, 2016 NOV Soybeans and 2016 DEC Wheat, respectively. SEPTEMBER 2016 soybeans traded 21.25 cents higher for the week and settled at $10.20. MARCH 2017 corn closed at $3.515, unchanged for the week, MAY 2017 corn closed at $3.5725. MARCH 2017 wheat lost 15 cents, closing at $4.6025, MAY 2017 wheat closed at $4.7375, JULY 2017 wheat closed at $4.805. The Baltic Dry Index closed at 665, down 61 points from last week’s 726, a new all-time low for the index was set on 2-12-16 when the index hit 290, establishing a new low for the index stretching back thirty plus years. The Baltic Dry Index is up 41.20% YTD.
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Blog Post
Morning Comments-Monday August 1, 2016
Be sure to check out our website at: www.buchheitagri.com and see the marketing information available. If you scroll down on the front page you will find our market info page supported by AgriCharts. If you examine the left hand side of that page you will discover the options that allow you to create price graphs or charts and also to check on historical spread information.
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