Corn
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Mar ‘16 | 365’4 | -0’6 | Dec ‘15 | 335’0 | Unch. |
May ‘16 | 371’6 | -0’6 | Jan ‘16 | 335’0 | Unch. |
Jul ‘16 | 377’6 | -0’6 | Feb ‘16 | 338’0 | Unch. |
Sep ‘16 | 382’2 | -0’4 | Mar ‘16 | 339’0 | Unch. |
Soybeans
CBOT Prices | Two Rivers Cash Bid Prices | ||||
Jan ‘16 | 881’6 | -3’4 | Dec ‘15 | 830’0 | -3’0 |
Mar ‘16 | 880’6 | -4’6 | Jan ‘16 | 827’0 | -4’0 |
May ‘16 | 884’6 | -5’6 | Feb ‘16 | 826’0 | -5’0 |
Jul ‘16 | 891’6 | -5’4 | Mar ‘16 | 825’0 | -5’0 |
Corn, beans and wheat all slightly lower today despite a nice rally in crude oil.
The Santa Claus rally in effect today for equities but the demand scrooge weighs on beans.
Crude rallying after weekly report showed a 3.6 million barrel draw, largest draw since Sep.
Equities rallying with crude as investors interpret higher oil with improving optimism.
Weekly ethanol production dropped 2.7% vs last week and down 1.9% from last year.
Ethanol stocks rose .3% from a week ago and up 15.7% from a year ago.
Corn consumption estimated @ 102.2 mb, needing to average 98.3 mb to reach goal.
Nearby live cattle futures limit up on the nearby contract, having rallied $11.45 in 4 days!
IMF released a statement suggesting Iranian exports will drop crude by $5-15/barrel.
The market has already priced in the oil production increase but more pressure possible.
Potential tornado outbreak today in the Central Mississippi Valley region, 2 days before Christmas.
Quite an unusual weather season we’ve had, which is leading to weather concerns already for next year