Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 368’4 | -0’2 | Mar ‘16 | 336’0 | Unch. |
| May ‘16 | 373’4 | Unch. | Apr ‘16 | 339’0 | Unch. |
| Jul ‘16 | 378’6 | +0’2 | May ‘16 | 343’0 | Unch. |
| Dec ‘16 | 387’2 | +0’2 | NC ‘16 | 339’0 | Unch. |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Mar ‘16 | 892’0 | -3’6 | Mar ‘16 | 831’0 | -4’0 |
| May ‘16 | 897’6 | -4’2 | Apr ‘16 | 836’0 | -4’0 |
| Jul ‘16 | 900’0 | -4’0 | May ‘16 | 836’0 | -4’0 |
| Nov ‘16 | 902’6 | -4’2 | NC ‘16 | 833’0 | -4’0 |
Mixed markets with corn erasing early losses after holding the 50 day moving avg.
Beans have been on the defensive as futures drop below support at yesterday’s low.
Feb NOPA crush came in @ 146.181 mb, above trade est of 139.9 mb and 146.97 LY.
YTD NOPA crush running 2% ahead of last year versus USDA estimating a .01% drop.
Winter wheat ratings improve in TX & OK, steady in KS; jointing stage ahead of avg in KS, behind in OK.
Outside markets were negative with crude trading $0.84 lower; equities finished higher but were down all day
The inability of OPEC members to agree on production cuts remains a negative.
The world continues to out-produce demand to the tune of 2 million barrels/day.
Russia announced it will begin withdrawing troops from Syria, but no definite deadline.
The Bank of Japan kept policy unchanged but downgraded their economic outlook.
US and Argentine corn export prices were both reported at $163/ton on Monday
Brazilian soybean export prices at $345/ton are only $2/ton cheaper than US offers
This is clearly supportive to US prices as US export loadings are much timelier
