Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘17 | 362’0 | +3’0 | Apr ‘17 | 320’0 | +3’0 |
| July ‘17 | 369’2 | +2’4 | May ‘17 | 323’0 | +3’0 |
| Sep ‘17 | 376’2 | +2’4 | June ‘17 | 325’0 | +2’0 |
| Dec ‘17 | 386’6 | +2’4 | NC ‘17 | 337’0 | +3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘17 | 945’6 | Unch. | Apr ‘17 | 874’0 | Unch. |
| July ‘17 | 957’2 | +0’6 | May ‘17 | 870’0 | Unch. |
| Aug ‘17 | 959’2 | +0’6 | June ‘17 | 872’0 | Unch. |
| Nov ‘17 | 954’4 | +0’4 | NC ‘17 | 874’0 | +1’0 |
Corn finished higher today along with wheat, while soybeans closed unchanged
Corn bounced after rumors of President Trump ordering the US exit of NAFTA were found false
Trump said he is going to attempt to negotiate a new deal with Canada and Mexico
If a deal that better favors the US is not reached, then he will exit NAFTA altogether
Export sales report this morning were strong for old crop corn and both old and new crop soybeans
Soybeans remain competitive vs. Brazil due to the strengthening Real and lack of farmer selling
The USDA will likely need to increase their export projections for soybeans by summer
Weather models released midday show even warmer and drier conditions in the 2-week forecasts
Cattle continued its rip higher, closing limit higher in both live cattle and feeder cattle futures
Higher cattle prices will only spur additional feed demand as the herd should grow larger
