Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 362’0 | +2’0 | NC ‘15 | 341’0 | -4’0 |
| Mar ‘16 | 368’0 | +1’2 | Dec ‘15 | 336’0 | -1’0 |
| May ‘16 | 373’4 | +0’6 | Jan ‘15 | 342’0 | -2’0 |
| Jul ‘16 | 378’4 | +0’2 | Feb ‘15 | 342’0 | -2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 864’0 | +4’4 | NC ‘15 | 816’0 | +4’0 |
| Jan ‘16 | 865’0 | +4’2 | Dec ‘15 | 811’0 | +5’0 |
| Mar ‘16 | 870’4 | +4’0 | Jan ‘15 | 809’0 | +4’0 |
| May ‘16 | 876’4 | +3’6 | Feb ‘15 | 810’0 | +5’0 |
Higher markets today with corn and beans trading higher and wheat lower.
Wheat pressured on poor world demand; corn & beans supported on huge fund shorts.
Midday maps appear a little drier for parts of La Pampa, Cordoba and Southern BA.
Equities closed near unchanged after trading higher most of the day; crude oil pressured and gold sharply lower.
Funds are now short 58k corn, 52k beans, 21k wheat, 5k meal contract; net long 615 in soyoil.
A 3rd French delivery location has stopped accepting delivery of wheat due storage concerns.
US dollar rallied to a 7-mo high vrs the euro; Goldman Sachs sees parity by year end.
Interesting to see grain under government loan (as of Nov 17) is double from a year ago.
11/17/2014 11/17/2015
| Corn | 114.2 million bushels | 209.4 million bushels |
| Soybeans | 28.0 | 53.7 |
| Wheat | 25.7 | 48.1 |