Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘17 | 361’6 | Unch. | Apr ‘17 | 319’0 | Unch. |
| July ‘17 | 368’2 | Unch. | May ‘17 | 323’0 | Unch. |
| Sep ‘17 | 375’6 | Unch. | June ‘17 | 324’0 | Unch. |
| Dec ‘17 | 386’4 | +0’2 | NC ‘17 | 337’0 | +1’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘17 | 950’2 | +4’2 | Apr ‘17 | 880’0 | +4’0 |
| July ‘17 | 960’4 | +4’2 | May ‘17 | 870’0 | +4’0 |
| Aug ‘17 | 962’0 | +3’6 | June ‘17 | 876’0 | +5’0 |
| Nov ‘17 | 959’4 | +2’4 | NC ‘17 | 877’0 | +1’0 |
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Soybeans held up the corn market today, but both were unable to hold early session gains
Weather forecasts do have some windows of drier weather, thought to allow for planting progress
Corn planting is behind normal pace in the first two weeks that the USDA reports planting progress
However, today’s equipment size and technology tends to temper concerns over planting delays
Mexico continue to work with Argentina on deals to cheapen up imports of corn
So far, the announced details still have not made Argentine corn competitive with imports from the US
Wet weather for Argentina looks to end over the next 14 days, allowing harvest progress to resume
Dry weather in France and Spain wheat growing areas looks to be relieved in future forecasts
Beneficial rains look to hit Australia, allowing planting progress to occur
Weather forecasts will continue to rule market direction in the near-term