Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Dec ‘15 | 373’0 | -1’4 | NC ‘15 | 344’0 | -2’0 |
Mar ‘16 | 381’6 | -1’0 | Dec ‘15 | 350’0 | -1’0 |
May ‘16 | 388’2 | -0’6 | Jan ‘15 | 346’0 | -1’0 |
Jul ‘16 | 393’6 | -0’2 | Feb ‘15 | 347’0 | -1’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Nov ‘15 | 871’2 | +3’4 | NC ‘15 | 814’0 | +5’0 |
Jan ‘16 | 867’2 | +3’2 | Dec ‘15 | 816’0 | +3’0 |
Mar ‘16 | 869’4 | +3’2 | Jan ‘15 | 812’0 | +3’0 |
May ‘16 | 874’6 | +3’4 | Feb ‘15 | 814’0 | +3’0 |
- Strong dollar and ideas next week’s USDA WASDE report will find additional supplies kept pressure on commodities early but they recovered some into the close
- Strong October jobs report sending the US dollar higher. Several economist believe the strong jobs data will allow the Feds to raise interest rates at the Dec FOMC meeting.
- US dollar traded over 1,200 points higher.
- US dollar trading at highest level since April.
- 271,000 non-farm payroll jobs added in October versus 185,000 expected.
- Unemployment rate 5.0%, down from 5.1%.
- The jobs participation rate was a 38 year low of 62.4%
- A record 94,610,000 Americans did not participate in the labor force last month
- The Commitment of Traders report showed traders reducing their net long positon to 24,765 contracts, their least long position since June 23
- Soybean net position was 25,205 positions less short than last week
November 6, 2015