Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘16 | 331’6 | -5’0 | Dec ‘16 | 296’0 | -5’0 |
| Mar ‘17 | 342’4 | -6’0 | Jan ‘17 | 303’0 | -6’0 |
| May ‘17 | 350’0 | -5’6 | Feb ‘17 | 306’0 | -5’0 |
| July ‘17 | 357’6 | -5’6 | Mar ‘17 | 308’0 | -5’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘17 | 1029’6 | -2’4 | Dec ‘16 | 959’0 | -2’0 |
| Mar ‘17 | 1039’0 | -2’2 | Jan ‘17 | 959’0 | -2’0 |
| May ‘17 | 1045’4 | -3’4 | Feb ‘17 | 964’0 | -2’0 |
| July ‘17 | 1050’2 | -3’6 | Mar ‘17 | 964’0 | -2’0 |
Corn and bean prices came under pressure again today without the necessary feed for the bull
Corn was drug down by wheat, which is testing lowest levels since September
Wheat’s September lows are the lowest prices since 2006
Corn export sales were disappointing at 30 million bushels vs 35.4-47.2 million expected
Soybean sales were on the high end of estimates at 51.4 million. 2.4 million sold for new crop
Soybeans bounced at day’s end led by soyoil. Soyoil higher on a strong export sales report today
Crude oil continued its strong run today, up another 3.5% for Brent Crude Oil futures
The dollar was over 400 points weaker again today but grains didn’t seem to care much
Cold weather looks to set in over most of the country next week
It looks like the Farmers Almanac projection of a very cold, snowy winter may be true after all
