Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘16 | 385’2 | +11’2 | May ‘16 | 348’0 | +11’0 |
| Jul ‘16 | 389’0 | +11’4 | June ‘16 | 350’0 | +12’0 |
| Sep ‘16 | 391’6 | +11’4 | July ‘16 | 351’0 | +11’0 |
| Dec ‘16 | 396’2 | +10’6 | NC ‘16 | 349’0 | +11’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘16 | 1064’4 | -5’2 | May ‘16 | 992’0 | -6’0 |
| Jul ‘16 | 1072’0 | -6’2 | June ‘16 | 992’0 | -6’0 |
| Aug ‘16 | 1074’0 | -6’2 | July ‘16 | 997’0 | -6’0 |
| Nov ‘16 | 1061’2 | -4’6 | NC ‘16 | 990’0 | -5’0 |
Mixed markets with the grains higher while soybeans and soyoil were pressured. Corn rallies on strong exports
Soybean futures posted consecutive lower daily closes for the 1st time in 5 weeks.
Outside markets have faded as crude & equities have turned lower; correlation remains strong.
On Tuesday, the Dow posted the largest gain since March but Wed the worst loss since Feb.
Weekly exports solid for corn @ 43.5 mb; beans @ 7.8 mb and wheat sales were 10.8 mb.
From here forward, beans need to avg 2.3 mb/wk and corn 11.9 mb to reach USDA goal.
Last year, corn sales averaged 14.5 mb/wk, bean sales averaged 2.7 mb/wk from here forward.
Cold weather this weekend, significant freezes expected for the northern Plains and upper Midwest.
Frosts are expected as far south as N NE and northwest IA Sat; Sunday AM frosts from IA to OH and MI.
Finally! A ridge of high pressure arrives by late next week, reducing rainfall & bringing warmer temps.
Brazil votes to impeach President Rousseff, forcing her to step down for 180 days
She has been charged with cooking the books in order to get re-elected
She also has ties to Petrobras bribery and corruption cases