April 19, 2017

Corn

CBOT Prices Two Rivers Cash Bid Prices
May ‘17 361’6 Unch. Apr ‘17 319’0 Unch.
July ‘17 368’2 Unch. May ‘17 323’0 Unch.
Sep ‘17 375’6 Unch. June ‘17 324’0 Unch.
Dec ‘17 386’4 +0’2 NC ‘17 337’0 +1’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
May ‘17 950’2 +4’2 Apr ‘17 880’0 +4’0
July ‘17 960’4 +4’2 May ‘17 870’0 +4’0
Aug ‘17 962’0 +3’6 June ‘17 876’0 +5’0
Nov ‘17 959’4 +2’4 NC ‘17 877’0 +1’0

 

Soybeans held up the corn market today, but both were unable to hold early session gains

Weather forecasts do have some windows of drier weather, thought to allow for planting progress

Corn planting is behind normal pace in the first two weeks that the USDA reports planting progress

However, today’s equipment size and technology tends to temper concerns over planting delays

Mexico continue to work with Argentina on deals to cheapen up imports of corn

So far, the announced details still have not made Argentine corn competitive with imports from the US

Wet weather for Argentina looks to end over the next 14 days, allowing harvest progress to resume

Dry weather in France and Spain wheat growing areas looks to be relieved in future forecasts

Beneficial rains look to hit Australia, allowing planting progress to occur

Weather forecasts will continue to rule market direction in the near-term

April 19, 2017