Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 382’6 | -8’4 | NC ‘15 | 341’0 | -8’0 |
| Mar ‘16 | 393’4 | -8’2 | Dec ‘15 | 349’0 | -9’0 |
| May ‘16 | 400’0 | -7’6 | Jan ‘15 | 354’0 | -8’0 |
| Jul ‘16 | 405’2 | -7’6 | Feb ‘15 | 356’0 | -8’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 885’6 | +4’4 | NC ‘15 | 818’0 | +5’0 |
| Jan ‘16 | 890’4 | +4’2 | Dec ‘15 | 831’0 | +4’0 |
| Mar ‘16 | 894’2 | +4’2 | Jan ‘15 | 831’0 | +5’0 |
| May ‘16 | 899’0 | +4’4 | Feb ‘15 | 835’0 | +4’0 |
Corn sold off late while beans managed marginal gains after the report
The USDA lowered planted corn acres by 500k to 88.4 million
The also bumped yield up a half bushel per acre to 168 bu/ac
Everything on the demand side was left unchanged
This all resulted in a carryout reduction of 1.561 billion bushels vs. 1.592 last month
World carryout was reduced by 1.86 million tonnes to 187.83 million tonnes
Brazilian production was increased by 1 mmt to 85 mmt
Soybean planted acreage was reduced by 1.1 million acres to 83.2 million
Yield was increased a tenth of a bushel to 47.2 bu/ac
Crush was increased 10 million, exports were reduced 50 million, while everything else was unchanged
This resulted in a carryout reduction of 25 million bushels to 425 million
World soybean carryout was increased 160,000 tonnes to 85.14 mmt
Brailian production was increased 3 mmt while Argentine production was left unchanged
Overall a pretty quiet report with calm reactions save for corn late in the session