December 15, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Mar ‘16 377’2 -1’6 Dec ‘15 347’0 -2’0
May ‘16 382’2 -2’0 Jan ‘16 347’0 -2’0
Jul ‘16 387’2 -1’6 Feb ‘16 349’0 -2’0
Sep ‘16 390’6 -1’4 Mar ‘16 352’0 -2’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Jan ‘16 867’2 -7’0 Dec ‘15 815’0 -7’0
Mar ‘16 867’6 -8’2 Jan ‘16 813’0 -7’0
May ‘16 873’4 -8’4 Feb ‘16 813’0 -8’0
Jul ‘16 880’0 -8’4 Mar ‘16 812’0 -9’0

 

Corn and especially beans turned weaker as the dollar reversed higher today

The dollar is up .5% as the FOMC meeting begins today, possible rate hike tomorrow.

Beans pressured to a 3-wk low on news the Argentine peso will be devalued by year-end.

The latest House version of the Tax Extenders Bill does not include a producer biodiesel tax credit.

Crude found mild support for the 2nd day, following a 30% decline over the past 6-weeks.

Equities also rallied after a 6-day sell-off with the Dow up 156 points.

Beans struggle to find buying interest despite USDA announcing 120 kmt sold to China.

Monthly NOPA crush came in @ 156.134 mb, below expectations of 161.7 mb and 158.9 in Oct.

Midday SA weather outlook is a little wetter for the northern portions of Brazil for next week.

NOAA 6-10 and 8-14 day outlook continues with a warm and wet outlook for nearly all interior US.

 

December 15, 2015