Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 368’4 | -1’4 | Mar ‘16 | 337’0 | -1’0 |
| May ‘16 | 373’2 | -1’4 | Apr ‘16 | 339’0 | -4’0 |
| Jul ‘16 | 377’6 | -2’0 | May ‘16 | 341’0 | -3’0 |
| Dec ‘16 | 386’0 | -1’6 | NC ‘16 | 338’0 | -1’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 905’2 | -5’0 | Mar ‘16 | 842’0 | -7’0 |
| May ‘16 | 912’2 | -4’6 | Apr ‘16 | 842’0 | -12’0 |
| Jul ‘16 | 914’2 | -4’6 | May ‘16 | 842’0 | -12’0 |
| Nov ‘16 | 917’2 | -4’6 | NC ‘16 | 847’0 | -5’0 |
Lower markets today as the recent fund buying seems to be drying up; soybeans down a nickel.
Malaysian palm oil lower, first time in over a week; also, talk of Chinese cancellations of SA beans. Funds were active buyers of 10k beans & 4-5k contracts of corn and wheat on Tuesday.
A better chance of moisture for the central Plains weighing on wheat; active Midwest pattern begins.
Heavy snowfall for northern IA and S MN and eastward through Maine with 6” to as much as 18” poss.
NOAA’s 6-10 and 8-14 day maps are telling us the groundhog was wrong: colder than normal & wet.
Blizzard warnings in effect for E CO and S WY while winter storm warnings are extending NE from there.
Weekly ethanol report showed production down .4% from LW, up 4.4% from a year ago.
Ethanol stocks dropped 1.46% from a week ago, up 5.6% from a year ago; C IA eth margins near 8 cent loss.
Corn consumption estimated @ 104.4 mb, needing to average 97.7 mb to reach USDA objective.
Crude oil under pressure following weekly EIA report showed a 9.3 mb build vs 3.9 exp.
Crude was lower prior EIA, thoughts the April 17 OPEC meeting to freeze output is meaningless.
France has a suspected case of mad cow disease; if confirmed would be the first case since 2004.