Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 380’6 | +4’0 | NC ‘15 | 341’0 | +4’0 |
| Mar ‘16 | 390’2 | +3’0 | Dec ‘15 | 347’0 | +4’0 |
| May ‘16 | 396’0 | +2’4 | Jan ‘15 | 350’0 | +3’0 |
| Jul ‘16 | 400’0 | +2’0 | Feb ‘15 | 353’0 | +3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 905’2 | +9’2 | NC ‘15 | 837’0 | +9’0 |
| Jan ‘16 | 909’4 | +8’4 | Dec ‘15 | 849’0 | +8’0 |
| Mar ‘16 | 911’4 | +7’4 | Jan ‘15 | 850’0 | +9’0 |
| May ‘16 | 914’6 | +6’6 | Feb ‘15 | 852’0 | +7’0 |
Firmer markets with beans and wheat higher; corn reluctant to follow.
Beans technically turning bullish as 20 day moving average crosses above the 50 day.
Bean oil continues to lead the complex higher, up 2% today and making a new 2-mo high.
USDA announced the sale of 40 kmt of US soyoil for 2015/16 (China and an unknown buyer).
China imported 933 kmt of DDG’s in Sep, up 73% from last year and 3rd highest ever.
China bean imports in Sep increased 44% YOY, wheat +55%, barley +71% (record).
Impeachment process in place to rid Brazil’s Pres: real drops another .5%, down 32% TY.
Weekly ethanol production increased .2% from LW and up 6.1% from a year ago.
Ethanol stocks fell .44% from a week ago, up 5.2% from a year ago.
Corn usage for ethanol estimated @ 99.86 mb, needs to avg 100.5 to reach goal.
Ukraine’s ag ministry says wheat plantings may drop 10% but recent rainfall helps.
