December 4, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 376’2 +6’0 Dec ‘15 352’0 +5’0
Mar ‘16 381’4 +4’4 Jan ‘16 354’0 +4’0
May ‘16 387’2 +4’4 Feb ‘16 357’0 +5’0
Jul ‘16 392’6 +4’6 Mar ‘16 359’0 +5’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Jan ‘16 906’0 +8’4 Dec ‘15 855’0 +8’0
Mar ‘16 908’0 +7’6 Jan ‘16 851’0 +9’0
May ‘16 914’0 +7’6 Feb ‘16 853’0 +8’0
Jul ‘16 920’4 +7’4 Mar ‘16 853’0 +8’0

 

Higher markets with the grains mildly firmer while the bean rally looks like the real deal for this week.

The real litmus test will be after next Wednesday’s monthly supply and demand report

Corn and beans make new highs for the move, Jan beans broke the 100 day MA of 902.

Midday weather maps for SA unchanged, two rain events for Northern Brazil next week.

Equities sharply higher, retracing yesterday’s loss; crude oil is lower and the dollar up .7%.

Crude oil turned moderately lower following news OPEC will raise output to 31.5 mb/day.

The raising of production mostly symbolic as current production actually exceeds this level.

Iran said they were unwilling to cut production due to previous sanctions on their oil

Monthly Jobs report was a slight beat, adding 211k new jobs while unemployment holds @ 5%.

USDA announced the sales of 249 kmt of beans to unknown and 178 kmt to China, both for 2015/16.

8 countries suspend imports of French poultry after the 1st outbreak in 8 years discovered (H5N1).

 

December 4, 2015