Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Mar ‘17 | 356’4 | -5’4 | Dec ‘16 | 309’0 | -5’0 |
May ‘17 | 363’2 | -5’2 | Jan ‘17 | 312’0 | -6’0 |
July ‘17 | 370’6 | -4’6 | Feb ‘17 | 316’0 | -6’0 |
Sep ‘17 | 377’4 | -4’4 | Mar ‘17 | 319’0 | -6’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Jan ‘17 | 1029’0 | +5’2 | Dec ‘16 | 959’0 | Unch. |
Mar ‘17 | 1039’2 | +4’6 | Jan ‘17 | 954’0 | Unch. |
May ‘17 | 1046’4 | +4’0 | Feb ‘17 | 959’0 | Unch. |
July ‘17 | 1051’4 | +3’4 | Mar ‘17 | 959’0 | Unch. |
Corn finished lower despite the strength shown in soybeans
The export sales report showed 59.7 million bushels of corn sold vs. highest estimate of 43.3 million
Soybean export sales came in at 73.8 million bushels vs. highest estimate of 55.1 million
The USDA announced today the sale of 132,000 tonnes of soybeans to China
The surging dollar has surprisingly had little effect on the export program thus far, strong front loading
Of course, the concern would be Chinese bean cancellations if South American crop is good
Weather forecasts there have turned milder for temps & more rainfall in Argentina in 2 wk forecast
The NOPA crush report showed 160.8 million bushels crush vs. 162.6 million avg estimate
Soymeal shipments were at 804k tons vs. 562k in October and 848k in November 2015
Bean oil stocks were at 1.339 billion pounds, well below 1.477 in Nov 2015 and 1.381 avg estimate