December 14, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 381’6 +8’6 Dec ‘15 341’0 +3’0
Mar ‘16 379’0 +3’6 Jan ‘16 336’0 +3’0
May ‘16 384’2 +4’0 Feb ‘16 342’0 +3’0
Jul ‘16 389’0 +4’2 Mar ‘16 342’0 +3’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Jan ‘16 874’2 +3’4 Dec ‘15 816’0 +3’0
Mar ‘16 876’0 +2’2 Jan ‘16 811’0 +3’0
May ‘16 882’0 +2’0 Feb ‘16 809’0 +3’0
Jul ‘16 888’4 +2’0 Mar ‘16 810’0 +3’0

 

Wheat futures led corn higher while beans reluctantly followed suit.

The December corn contract expired today @ noon.

Soybeans reluctant as new Argentine President eliminates corn and wheat taxes, reduces beans.

The dollar was lower and crude higher after falling below $35 for the 1st time since 2009.

Traders await potential rate hike announcement on Wed; also a potential peso devaluation.

Export inspections for beans @ 49.4 mb, corn @ 22.3 and wheat @ 15.9 mb.

Warmer than normal weather has allowed RBOB to trade at a premium to diesel.

Midwest weather appears warm and wet in the 6-10 & 8-14; limited chance of white Christmas.

SA weather remains mostly favorable, dryness still a concern in the north; Jan and Feb more crucial.

NOPA crush to be released on Tuesday, trade estimates near 161.7 would be a Nov record.

 

December 14, 2015