Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 370’2 | +3’2 | Jan ‘16 | 341’0 | +3’0 |
| May ‘16 | 374’6 | +3’0 | Feb ‘16 | 343’0 | +3’0 |
| Jul ‘16 | 379’6 | +3’0 | Mar ‘16 | 343’0 | +3’0 |
| Sep ‘16 | 384’4 | +3’2 | Apr ‘16 | 346’0 | +3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Jan ‘16 | 876’4 | -2’0 | Jan ‘16 | 821’0 | -2’0 |
| Mar ‘16 | 877’2 | -1’6 | Feb ‘16 | 820’0 | -2’0 |
| May ‘16 | 882’0 | -2’2 | Mar ‘16 | 820’0 | -2’0 |
| Jul ‘16 | 883’2 | -2’4 | |||
Nervous markets with corn and beans losing strength, after failing near this week’s high.
Oil rallies sharply, largest 2-day jump in 5 months; equities celebrate the move.
Weekly exports were supportive for both corn and beans @ 45.5 and 36.2 mb.
Wheat sales were within est @ 13.3 mb; corn sales were the 3rd largest this mkt year.
Corn sales lag needed pace, year to date total just 52% of goal, should be closer to 65%.
Bean sales right on pace @ 87.2% of goal versus the recent average @ 87.8%.
US home sales rebounded in November bringing 2015 sales to a 9-yr high.
Sales of existing homes climbed 14.7% in Dec, seasonally adjusted sales of 5.46 mln.
January 22, 2016
