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.