Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 363’2 | +5’2 | Jan ‘16 | 334’0 | +5’0 |
| May ‘16 | 367’4 | +4’6 | Feb ‘16 | 336’0 | +5’0 |
| Jul ‘16 | 372’6 | +4’4 | Mar ‘16 | 336’0 | +5’0 |
| Sep ‘16 | 377’4 | +3’4 | Apr ‘16 | 339’0 | +5’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘16 | 879’0 | -3’2 | Jan ‘16 | 828’0 | -3’0 |
| Mar ‘16 | 878’6 | -4’2 | Feb ‘16 | 823’0 | -3’0 |
| May ‘16 | 883’6 | -4’4 | Mar ‘16 | 823’0 | -3’0 |
| Jul ‘16 | 885’4 | -4’2 | |||
Corn and wheat holding very well considering the negative outside news; beans were 3 cents lower
March corn is back above the 20 day MA while SX falls below all major moving averages but held 8.80 support.
Corn and wheat finding some short-covering ahead of today’s COT report; also, sharp losses in the dollar.
Another bearish day for the financials as both China and now Europe have entered into a bear market.
The Dow was down another 390 points today, having over 1900 points since Dec 1 or 11% of its value.
Crude oil continues to erode, down another 5% and closed @ a fresh, 12 year low.
Dec NOPA crush came in @ 157.7 mb, very near the average estimate of 157.8 mb and 156.1 in Nov.
BA Exch increases Arg’s corn plantings from 2.85 mln ha to 3.1 mln ha; likely due to relaxed export policy.
SA weather is turning a tad friendly as a drier trend is now in store for Paraguay and S Brazil.
A turkey farm in Indiana has been infected with the H7N8 strain of Bird Flu; flock to be destroyed.
This is the first US report of Bird Flu since last June when a different strain destroyed 48 mln birds.
We are hosting a crop insurance and grain marketing meeting with Eric Sorensen and Alan Brugler on Wednesday, January 20th at 11:30am in the Pella office. Please RSVP so we can plan food accordingly
