Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘16 | 373’2 | -5’0 | May ‘16 | 335’0 | -3’0 |
| Jul ‘16 | 376’6 | -3’0 | June ‘16 | 334’0 | -3’0 |
| Sep ‘16 | 379’0 | -2’4 | July ‘16 | 339’0 | -3’0 |
| Dec ‘16 | 385’0 | -2’0 | NC ‘16 | 338’0 | -2’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| May ‘16 | 1024’4 | +3’0 | May ‘16 | 948’0 | +4’0 |
| Jul ‘16 | 1034’0 | +4’0 | June ‘16 | 951’0 | +4’0 |
| Aug ‘16 | 1036’0 | +4’0 | July ‘16 | 951’0 | +4’0 |
| Nov ‘16 | 1015’4 | +5’2 | NC ‘16 | 942’0 | +6’0 |
Beans turned firmer after the morning open, leading wheat higher, which corn couldn’t tag along.
Early calls were lower following yesterday’s sharp sell-off; lower metals & equities.
Beans remain impressive despite a general sell-off in most markets & a rebounding dollar.
Bean deliveries were 728, wheat @ 514 & soyoil @ 1329; there were no meal deliveries.
Annual KS crop tour showing well-above average crop prospects; C KS @ 47.2 bpa vs 41.2 avg.
USDA announced the sale of 107,500 tonnes of US corn to Japan for 2015-16 crop year.
The Dow was off nearly 100 pts following a bearish payroll report today; US Jobs data Fri.
There was some speculation China was successful in popping commodity “mini-bubble”.
Looking at beans rebound, traders aren’t as convinced despite a drop in open interest.