February 12, 2016

Corn

CBOT Prices Two Rivers Cash Bid Prices
Mar ‘16 358’6 -1’4 Feb ‘16 331’0 Unch.
May ‘16 363’4 -1’4 Mar ‘16 333’0 -2’0
Jul ‘16 368’4 -1’2 Apr ‘16 336’0 -1’0
Dec ‘16 373’4 -1’0 NC ‘16 341’0 -2’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Mar ‘16 872’6 -0’6 Feb ‘16 817’0 -1’0
May ‘16 876’4 -1’2 Mar ‘16 817’0 -1’0
Jul ‘16 881’6 -1’2      
Nov ‘16 883’4 -1’2 NC ‘16 811’0 -2’0

 

The grain markets were generally quiet despite huge gains in crude and equities.

Crude oil rallied $2.81/barrel or 11%, and it’s anybody’s guess as to why.

Production cuts are a daily story; one rumor suggests another potential bankruptcy.

UAE energy ministry said OPEC was willing to reduce daily production.  (This rhetoric seems daily.)

Today’s retail sales report showed consumers increased spending by .2% vs exp of .1%.

China returns from break on Monday – US markets are closed until Tuesday yet equities rally.

CME hikes initial spec margin for gold futures by 13.3%, effective on today’s close.

Farmland values dropped an average of 3% in Chicago Fed district during 4th Q year over year.

Baltic Exchange sea index rose 1% yesterday from its all-time record low earlier this week.

US markets are closed on Monday for Presidents’ Day, trading resumes Monday night.

 

February 12, 2016