Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘16 | 337’4 | +5’6 | Dec ‘16 | 300’0 | +4’0 |
| Mar ‘17 | 347’2 | +4’6 | Jan ‘17 | 308’0 | +5’0 |
| May ‘17 | 354’2 | +4’2 | Feb ‘17 | 311’0 | +5’0 |
| July ‘17 | 361’6 | +4’0 | Mar ‘17 | 313’0 | +5’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘17 | 1027’4 | -2’2 | Dec ‘16 | 957’0 | -2’0 |
| Mar ‘17 | 1037’2 | -1’6 | Jan ‘17 | 957’0 | -2’0 |
| May ‘17 | 1044’4 | -1’0 | Feb ‘17 | 962’0 | -2’0 |
| July ‘17 | 1049’2 | -1’0 | Mar ‘17 | 962’0 | -2’0 |
Corn was buoyed by strong wheat buying today on short covering after 6 straight ugly sessions
Technical support levels also helped corn save face today
Crude oil was higher and the dollar weaker on a day commodities should have been supported
Soybeans were lower as the downtrend there continues with a lack of export sales announcements
The Commitment of Traders report showed funds selling over 19k corn futures
Funds were buyers of nearly 22k contracts of soybeans and sellers of nearly 11k Chicago wheat
Wheat was supported today on talk Russia’s swine fever outbreak would restrict wheat movement
NASS October soy crush report was 176 million bushels, beating the trade expectations
We are on 10 million bushels ahead of last year’s pace and on pace to beat USDA projections
Crop satellite readings show Brazil’s crop better than last year at this time
Argentina’s satellite readings show their conditions worse than last year