Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘17 | 335’6 | -0’6 | Dec ‘17 | 309’0 | +4’0 |
| Mar ‘18 | 347’6 | -1’2 | Jan ‘18 | 302’0 | -2’0 |
| May ‘18 | 356’0 | -1’2 | Feb ‘18 | 306’0 | -2’0 |
| Dec ‘18 | 380’2 | -1’2 | NC ‘18 | 337’0 | -2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘18 | 982’4 | -6’6 | Dec ‘17 | 898’0 | -7’0 |
| Mar ‘18 | 994’0 | -6’6 | Jan ‘18 | 901’0 | -7’0 |
| May ‘18 | 1005’2 | -7’0 | Feb ‘18 | 911’0 | -7’0 |
| Nov ‘18 | 999’2 | -4’4 | NC ‘18 | 919’0 | -4’0 |
Soybeans and wheat led the markets lower post-USDA report on bearish numbers released
Overall, it was a fairly muted report as the USDA only revised demand and ending stocks figures
Corn ending stocks were revised 50 million bushels lower to 2.437 billion bushels
World corn carryout numbers were increased to 204.08 million tons due to China corn production
USDA lowered soybean exports by 25 million and raised seed usage by 5 million, net adding 20 million to ending stocks
World ending stocks increased by the same amount due to the US increase in ending stocks
South American production left unchanged until a later report when we know more
US soybeans are still the best market through February, when South American harvest kicks off
We are approaching price levels that have historically spurred additional export sales into China
Argentina forecasts calling for rains toward the end of the weekend and into next week
