Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Dec ‘15 | 384’4 | +4’6 | NC ‘15 | 348’0 | -4’0 |
Mar ‘16 | 393’4 | +4’6 | Dec ‘15 | 353’0 | +7’0 |
May ‘16 | 399’4 | +4’6 | Jan ‘15 | 357’0 | +2’0 |
Jul ‘16 | 403’6 | +4’6 | Feb ‘15 | 359’0 | +2’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Nov ‘15 | 885’0 | -10’4 | NC ‘15 | 817’0 | -11’0 |
Jan ‘16 | 884’4 | -11’4 | Dec ‘15 | 821’0 | -15’0 |
Mar ‘16 | 886’6 | -11’4 | Jan ‘15 | 824’0 | -12’0 |
May ‘16 | 891’2 | -11’0 | Feb ‘15 | 827’0 | -12’0 |
Stronger values for corn led by wheat while soybeans struggle on favorable South American weather
Funds carry significant wheat short positions as indicated in Friday Commitment of Traders report
Incredible rainfall totals reported in Southern states over the weekend possibly hurting wheat areas
The dollar pulled back a few hundred ticks, pausing from last week’s selloff
USDA announced the sale of 120,000 tons of beans to China
Weekly export inspections report showed corn disappointing at 16.3 million bushels
Soybean inspections very strong at 98.2 million bushels
Soybean sales may be running a bit slow but inspections have been incredible so far
Wheat inspections on the low end of estimates at 11.7 million bushels
Forecasts continue to run above normal temps but rainfall is mixed and varies often it seems
Technicals turn positive for corn but damage was done to the soybean charts