Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 391’2 | -4’4 | NC ‘15 | 349’0 | -4’0 |
| Mar ‘16 | 401’6 | -4’4 | Dec ‘15 | 358’0 | -4’0 |
| May ‘16 | 407’6 | -4’6 | Jan ‘15 | 362’0 | -4’0 |
| Jul ‘16 | 413’0 | -4’2 | Feb ‘15 | 364’0 | -5’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 881’2 | -9’6 | NC ‘15 | 813’0 | -10’0 |
| Jan ‘16 | 886’2 | -8’6 | Dec ‘15 | 827’0 | -9’0 |
| Mar ‘16 | 890’0 | -8’6 | Jan ‘15 | 826’0 | -9’0 |
| May ‘16 | 894’4 | -8’4 | Feb ‘15 | 831’0 | -8’0 |
Lower markets ahead of tomorrow’s all-important October WASDE report.
Equities turned positive, fighting back from a moderate loss; crude oil rallied as well.
Weekly export sales were solid for beans but remain poor for corn.
Bean sales include 47 mb this year, 36.6 mb next year; corn @ 20.5 mb and wheat 10.6 mb.
Soybean sales are now 46.7% of USDA forecast with 5 yr avg @ 58.4% for this week.
Corn sales are running just 23.5% of USDA forecast with the 5 yr avg @ 41.7% for this week.
Bean spreads are weaker with SX-SF @ -4.5; corn slightly weaker with CZ-CH @ -10.75.
China has reopened for business after week-long holiday; Shanghai Index rallies 3%.
The Fed released their meeting minutes that they thought the US economy was strong enough to warrant a hike
They didn’t want to hike interest rates yet until they got evidence the slumping world economy wouldn’t hurt the US economy
USDA WASDE report will be released at 11am