Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 361’0 | -3’4 | Dec ‘15 | 330’0 | -3’0 |
| May ‘16 | 367’6 | -3’0 | Jan ‘16 | 330’0 | -3’0 |
| Jul ‘16 | 373’6 | -3’0 | Feb ‘16 | 333’0 | -3’0 |
| Sep ‘16 | 378’2 | -3’0 | Mar ‘16 | 334’0 | -3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘16 | 865’0 | -10’2 | Dec ‘15 | 810’0 | -10’0 |
| Mar ‘16 | 861’2 | -11’6 | Jan ‘16 | 810’0 | -10’0 |
| May ‘16 | 866’4 | -11’0 | Feb ‘16 | 806’0 | -10’0 |
| Jul ‘16 | 873’2 | -11’2 | Mar ‘16 | 805’0 | -10’0 |
Beans gap lower as weather models agree on improved rain chances for northern Brazil.
Wheat mildly supported on fears of winterkill; corn trades to a new contract low.
Other bearish news includes a pick-up in Argentine selling, southeast US hog producer importing SA meal.
Chinese corn futures lower on talk gov’t reserves will be available 2-3 months earlier than normal.
A Reuter’s report suggests Beijing will offer reserves below fair-market value sometime in February.
Mostly dry/hot weather to dominate northern Brazil thru the week but rains to return Sun-Tuesday.
Export inspections were solid beans @ 53.8 mb, corn @ 22.5 mb and wheat @11.2 mb.
NOAA’s extended outlook is calling for below normal temperatures throughout the Midwest.
COT report showed funds adding shorts in beans and wheat; substantial short additions in corn
CME announces margin increases for feeder cattle