Tonight’s crop condition ratings showed essentially no change on average for corn and soybeans in the 18-major states. This is probably a little better than traders expected. CBOT futures fell sharply on prospects of huge crops in the U.S. this fall given the above normal crop condition and favorable weather forecasts.

Corn Sep -9 400; Dec -9 406; Dec’15 -7 438 Bean Aug -26 1273; Sep -16 1150; Nov -8 1125 Meal Aug -9 409; Oct -2 362 Oil -24 3843 Wheat Sep -23 545; Dec -23 580 (low 580) KC Sep -17 670; MGE -11 662 Oats Sep -5 346 Rice +3 1361

LC Aug -5 15495 (hi 15650); Dec -85 15520; Apr -85 15540 FC Aug +37 21800 (hi 21925); Oct +35 21920; Mar +65 21250 LH Jly +7 13180; Aug +22 13182; Dec +120 10405 Milk Jly -1 2137; Aug +8 2066

Corn Conditions – 18 States . Good/Excellent Poor/V.Poor This Week 75% 5% Last Week 75% 5% Last year 68% 8%

Silking: 15% vs 18% average

Soybean Conditions – 18 States . Good/Excellent Poor/V.Poor This Week 72% 5% Last Week 72% 5% Last year 67% 7%

Blooming: 24% vs 21% average

Winter Wheat Harvested – 18 States 57% this week versus 55% last year and 60% for 5-year average.

U.S. Pasture: 56% good/excellent vs 49% year ago. 16% poor/v.poor vs 27% year ago.

Livestock futures closed mixed but well off the highs set this morning. Profit-taking is credited for the smaller gains. Boxed beef values closed nearly unchanged from last week with Choice at 248.18. FOB Plant Pork closed only .32 higher at 134.52. Gains in loins and picnics offset losses in ribs and hams.

US$ -.05%

Dow -44 17024 SP -8 1978 NAS -34 4452 Tran -85 8209 VIX +1.01 11.33 +9.8% WTI -32 10345 Gas -3 298 NG -15 422 HO -1 290 Eth unch 209 Gold -1 1320 Slvr -12 2108

2-yr .51% 5-yr 1.73% 10yr 2.62% 30yr 3.44%

KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

Subscribe to “Between the Rows” e-newsletter from the KFB Commodity Division by Clicking Here.