Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 378’2 | -2’4 | NC ‘15 | 340’0 | -1’0 |
| Mar ‘16 | 388’0 | -2’2 | Dec ‘15 | 345’0 | -2’0 |
| May ‘16 | 393’4 | -2’4 | Jan ‘15 | 348’0 | -2’0 |
| Jul ‘16 | 397’2 | -2’6 | Feb ‘15 | 351’0 | -2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 898’6 | -6’4 | NC ‘15 | 831’0 | -6’0 |
| Jan ‘16 | 901’0 | -8’4 | Dec ‘15 | 841’0 | -8’0 |
| Mar ‘16 | 902’6 | -8’6 | Jan ‘15 | 841’0 | -9’0 |
| May ‘16 | 906’2 | -8’4 | Feb ‘15 | 843’0 | -9’0 |
The grains started higher but turned lower as crude weakened and the dollar rallied.
Bean export demand improving with 463 kmt (mostly 2015/16 crop) reported today.
Weekly exports were large for beans @ 74.6 mb; wheat @ 13.1 and corn just 9.8 mb.
Corn exports year to date down 34.9% from LY with the USDA expecting just a .75% drop.
Bean exports are down 22.5% from last year with USDA forecasting a 9% drop.
The dollar was up 1.46% after Draghi states further ECB stimulus possible by Dec.
That strong of a dollar is impossible to ignore in the commodities market for any given day
Welcomed rains to move into the Midwest on Friday producing .25-1.0” across IA.
Heavy rains to move across TX, OK and AR with 3 day accumulations of 10+ inches for TX.
Those areas are in serious droughts but those will be erased if those rains materialize as expected
Average rally for March corn is $1.11 from the harvest low to the winter high; interesting to see the average rally from sub $4 corn is $1.10.