January 12, 2016

Justin Huebner, Grain Division Manager Grain Commentary

Corn

CBOT Prices Two Rivers Cash Bid Prices
Mar ‘16 356’6 +5’0 Jan ‘16 328’0 +5’0
May ‘16 362’2 +4’6 Feb ‘16 330’0 +5’0
Jul ‘16 368’2 +4’6 Mar ‘16 330’0 +5’0
Sep ‘16 374’4 +5’0 Apr ‘16 334’0 +4’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Jan ‘16 890’6 +9’6 Jan ‘16 824’0 +14’0
Mar ‘16 874’4 +13’2 Feb ‘16 818’0 +13’0
May ‘16 877’2 +13’2 Mar ‘16 818’0 +13’0
Jul ‘16 883’4 +13’2      

 

Corn                USDA Yield came in at 168.4 BPA vs. 169.2 average estimate and 169.3 in Dec

Total Crop came in at 13.601 BBU vs. 13.646 average estimate and in 13.654 Dec

15/16 ending stocks were put at 1.802 billion bushels vs. 1.785 est. and in 1.785 Dec

15/16 World Stocks were put at 208.9 mill. tons vs. 212.51 estimate and 211.85 in Dec

Brazil/ARG Crop left unchanged at 107.1 mill. Tons vs. 106.97 Estimate and 107.1 in Dec

 

Beans              USDA Yield came in at 48 BPA vs. 48.3 average estimate and 48.3 in Dec

Soybean acreage dropped 600,000 acres from the December estimate

Total Crop pegged at 3.930 billion bushels vs. 3.981 avg. estimate and 3.981 in Dec

15/16 Ending Stocks reported at 440 million bushels vs. 468 avg. est. and 465 in Dec

15/16 World Stocks put at 79.3 million tons vs. 82.57 avg. estimate and 82.58 in Dec

Brazil/ARG Crop put at 157 million tons vs. 156.57 avg. estimate and 157 in Dec

 

January 12, 2016