Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘18 | 374’0 | Unch. | Mar ‘18 | 323’0 | Unch. |
| May ‘18 | 382’4 | Unch. | Apr ‘18 | 329’0 | Unch. |
| Jul ‘18 | 389’0 | Unch. | May ‘18 | 331’0 | Unch. |
| Dec ‘18 | 397’0 | +0’2 | NC ‘18 | 347’0 | Unch. |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘18 | 1019’4 | -6’0 | Mar ‘18 | 936’0 | -6’0 |
| May ‘18 | 1030’2 | -6’2 | Apr ‘18 | 943’0 | -8’0 |
| Jul ‘18 | 1032’4 | -6’4 | May ‘18 | 947’0 | -9’0 |
| Nov ‘18 | 1020’4 | -5’0 | NC ‘18 | 942’0 | -5’0 |
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Another quiet day in the commodity market circles as the market awaits Thursday’s report
The USDA will report their first initial estimates for acreage for 2018 on Thursday
Average estimates expect more soybean acres than corn acres for the first time ever
They will also release updated stocks for both but that’s expected to be largely disregarded
Weather models show some rain for Argentina in the 6-10 day models but may be too late to help
China looks willing to come to the table to discuss trade. Maybe the tariffs imposed on them worked?
Recent rains in the Plains areas appeared to improve some wheat condition ratings in those states
They still have a long ways to go but at least the decline has stopped for now
La Nina conditions remain intact for now, which is still in line with most previous estimates
La Nina was predicted to disappear by May/June, not expected to hurt US production