Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘16 | 340’4 | -7’2 | NC ‘16 | 294’0 | -7’0 |
| Mar ‘17 | 350’2 | -7’2 | Dec ‘16 | 304’0 | -9’0 |
| May ‘17 | 357’4 | -7’0 | Jan ‘17 | 309’0 | -13’0 |
| July ‘17 | 364’4 | -7’0 | Feb ‘17 | 311’0 | -14’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘16 | 958’4 | +1’6 | NC ‘16 | 889’0 | +2’0 |
| Jan ‘17 | 964’6 | +1’2 | Dec ‘16 | 900’0 | +1’0 |
| Mar ‘17 | 971’0 | +0’6 | Jan ‘17 | 900’0 | +1’0 |
| May ‘17 | 976’6 | +0’2 | Feb ‘17 | 905’0 | +11’0 |
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Corn and wheat struggle today as soybeans were able to mount a late-session comeback
Strong export sales outweighed the big yields being reported for soybeans
The USDA announced the sale of 258,000 tons to China despite their week-long autumn holiday
Export commitments are running 6.46 million tons ahead of last year
USDA projects exports to be only 1.2 million tons over last year
Corn export commitments are running 9.57 million tons ahead of last year’s pace
This far better than the USDA’s annual estimate of 6.6 million tons over last year
Brazil announced that they would allow the import of GMO corn from the US
They are in need of corn imports to fill their country’s feed needs, even if it means accepting GMOs
Brazil is expected to get rain in the next 5 days whereas Argentina will get rain in the 6-10 day models