Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘18 | 356’4 | +1’2 | Jan ‘18 | 314’0 | +2’0 |
| May ‘18 | 365’0 | +1’2 | Feb ‘18 | 316’0 | +2’0 |
| Jul ‘18 | 373’2 | +1’4 | Mar ‘18 | 319’0 | +2’0 |
| Dec ‘18 | 389’4 | +1’0 | NC ‘18 | 340’0 | +1’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘18 | 985’4 | -6’6 | Jan ‘18 | 909’0 | -6’0 |
| May ‘18 | 997’0 | -6’6 | Feb ‘18 | 909’0 | -6’0 |
| Jul ‘18 | 1006’4 | -6’6 | Mar ‘18 | 909’0 | -6’0 |
| Nov ‘18 | 1002’6 | -4’2 | NC ‘18 | 917’0 | -4’0 |
Corn finished the day higher, following wheat’s strength and a weaker dollar
Soybeans saw some profit taking after a strong rally the past 9 sessions
Weather forecasts in Argentina increased rainfall coverage and accumulations in the 5-day forecasts
The 6-15 day forecasts remain dry but if rain falls nearby it lessens the threat in the 6-15 day
Export sales were strong for corn but soybean sales were disappointing
An unidentified buyer of corn accounted for a large portion of the export sales for the week
Some speculation that Mexico continues to buy despite ongoing NAFTA negotiations
Brazil soybean prices are $3-7/ton cheaper than US offers through April into China
The USDA announced the sale of 125,000 tons of corn to an unknown destination
The market is trying to entice US producers to plant more soybeans vs corn
The current soy:corn price ratio is 2.57. Historically, a 2.5 ratio results in more soy acres that year