Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 365’4 | -1’6 | Feb ‘16 | 339’0 | -2’0 |
| May ‘16 | 369’6 | -1’6 | Mar ‘16 | 340’0 | -3’0 |
| Jul ‘16 | 373’6 | -2’2 | Apr ‘16 | 342’0 | -3’0 |
| Dec ‘16 | 386’4 | -2’4 | NC ‘16 | 338’0 | -2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 879’6 | -2’6 | Feb ‘16 | 826’0 | -3’0 |
| May ‘16 | 882’6 | -2’4 | Mar ‘16 | 824’0 | -3’0 |
| Jul ‘16 | 887’4 | -2’0 | |||
| Nov ‘16 | 890’4 | -2’2 | NC ‘16 | 816’0 | -2’0 |
Weaker grain markets but found support after follow-thru selling dried up.
Wheat under modest pressure with dry and warm weather moving into the Plains.
Garden City, KS to hit 86 degrees today; rumors of anhydrous being applied.
Equities and energies turned mixed after opening higher; WTI was up 20% in 1 week.
Today’s weekly DOE report showed a build of 2.147 mb; yesterday’s API showed a 3.26 mb drop.
Weekly ethanol production rose .62% vs LW and up 1.14% versus a year ago.
Ethanol stocks build 1.14 versus LW to a new record of 23.218 mb, up 10% from a year ago.
Hedge volume has improved over the past two days, cash seems quiet as well as nearby spreads.
Well-above normal temps and below precip forecasted for the WCB and S Plains to finish Feb.
Weekly export sales delayed until Friday. The bulls are hoping for signs of improved corn demand.
NOAA 3 month map shows normal to below precip and above normal temps for most of the Belt.