Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 361’6 | -0’2 | NC ‘15 | 340’0 | -1’0 |
| Mar ‘16 | 368’2 | +0’2 | Dec ‘15 | 336’0 | Unch. |
| May ‘16 | 373’4 | Unch. | Jan ‘15 | 341’0 | -1’0 |
| Jul ‘16 | 378’6 | +0’2 | Feb ‘15 | 341’0 | -1’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 857’6 | -6’2 | NC ‘15 | 810’0 | -6’0 |
| Jan ‘16 | 860’6 | -4’2 | Dec ‘15 | 804’0 | -7’0 |
| Mar ‘16 | 866’4 | -4’0 | Jan ‘15 | 803’0 | -6’0 |
| May ‘16 | 872’6 | -3’6 | Feb ‘15 | 805’0 | -5’0 |
The grain markets were mostly negative with beans seeing the most selling.
An outside day for soybeans with January beans nearing the contract lows of $8.50.
Bean basis has trended weaker @ some of the Iowa processors the last 24 hours.
Bean crush margins have softened with IA margins estimated near 60 cents.
Safras estimates Brazil’s bean plantings @ 56% vs 68% on avg., slowed by heavy S rains.
Weekly ethanol production dropped 0.7% from last week, up .5% from last year.
Ethanol stocks rose 2.1% from the previous week, up 11% from last year.
Corn usage estimated @ 102.4 million bushels, needing to average 98.9 million bushels to reach goal.
NOAA 8-14 day outlook: below normal temperatures, above normal precipitation
Estimates for Friday’s Cattle on Feed report: On feed 102.2%, Placements 96%, marketing @ 96%.
Saudi Arabia is actively recruiting US personnel to help develop their fracking industry.
Saudi has large shale reserves but one of the major issues is water reserves in the desert.