Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
May ‘16 | 384’4 | +3’4 | Apr ‘16 | 352’0 | +4’0 |
Jul ‘16 | 389’4 | +4’4 | May ‘16 | 354’0 | +4’0 |
Sep ‘16 | 390’2 | +5’4 | June ‘16 | 353’0 | +2’0 |
Dec ‘16 | 396’4 | +6’2 | NC ‘16 | 349’0 | +7’0 |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
May ‘16 | 985’4 | +31’2 | Apr ‘16 | 919’0 | +32’0 |
Jul ‘16 | 994’6 | +31’6 | May ‘16 | 919’0 | +32’0 |
Aug ‘16 | 996’6 | +31’4 |  | ||
Nov ‘16 | 996’0 | +28’6 | NC ‘16 | 926’0 | +29’0 |
Up, up and away! Corn and beans make new highs for the move, again.
SK traded above the Aug high near 985; CK approaching the Dec high of 387.75.
CK testing the 200 day MA of 385.5; has not closed above it since July 2015.
Weather delays in Argentina, drought fears in Brazil both supporting the bounce.
Some analysts project Arg’s production could drop 6 mmt; US new crop carry sub 300 million bushels
Brazil may be considering reducing corn import duties as domestic supplies run tight.
Mexico bot 333 kmt US beans; unknown buyers took 55 kmt meal, Â 67 kmt corn, all old crop.
New crop sales include 176 kmt corn, 50 kmt of meal, Â both sales to an unknown buyer.
Commodities are higher, silver and crude rallying on signs of better emerging markets / inflation.
Nearby corn & bean spreads weaker due to recent hedge pressure; basis continues to soften.