Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 366’0 | +1’6 | NC ‘15 | 343’0 | +4’0 |
| Mar ‘16 | 372’6 | +3’2 | Dec ‘15 | 344’0 | +3’0 |
| May ‘16 | 378’2 | +3’4 | Jan ‘15 | 345’0 | +3’0 |
| Jul ‘16 | 383’4 | +3’2 | Feb ‘15 | 345’0 | Unch. |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 875’2 | +11’4 | NC ‘15 | 827’0 | +11’0 |
| Jan ‘16 | 877’6 | +11’4 | Dec ‘15 | 827’0 | +11’0 |
| Mar ‘16 | 884’0 | +11’6 | Jan ‘15 | 820’0 | +11’0 |
| May ‘16 | 890’0 | +11’6 | Feb ‘15 | 823’0 | +12’0 |
The seasonal pattern for beans to rally before and after Thanksgiving got off to a good start.
Early calls were mixed as the dollar scores a new high, pressuring most commodities.
Beans look positive after posting bullish daily reversal Monday; weekly reversal to follow?
Egypt announces tender to buy 240 kmt of French, Russian and Romanian wheat.
Weekly ethanol production jumped 3.4% to an all-time record of 1.008 mb per day.
Ethanol stocks increased 1.96% versus last week and up 14.97% versus a year ago.
Corn usage for ethanol production estimated @ 105.84 mb, needs to average 98.78 mb.
Moderate to heavy rains forecasted into the Midwest & S Plains, freezing rain to the north.
Rainfall totals of 2-4” are possible with the heaviest rains to occur from C OK thru MO and into S IA.
Meanwhile, improved rain chances for parts of Central Brazil, some dryness issues to prevail in NE Brazil.
Happy Thanksgiving! Markets resume Friday AM for a short day of trading.