November 16, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 360’0 +1’6 NC ‘15 345’0 +9’0
Mar ‘16 366’6 +1’2 Dec ‘15 337’0 +2’0
May ‘16 372’6 +1’0 Jan ‘15 344’0 +6’0
Jul ‘16 378’2 +1’2 Feb ‘15 344’0 +5’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 859’4 +4’2 NC ‘15 812’0 +5’0
Jan ‘16 860’6 +4’4 Dec ‘15 806’0 +4’0
Mar ‘16 866’4 +4’4 Jan ‘15 805’0 +5’0
May ‘16 872’6 +4’4 Feb ‘15 805’0 +4’0

 

It’s going to be a slow week in the cash market if Monday offers any intuition.

The markets were slightly higher today, wheat remains under mild pressure.

USDA announced the sale of 180,000 of 2015/16 beans to China and a large corn sale to Mexico.

1,440 kmt of corn sold to Mexico, split between crop years; 952 kmt scheduled as 15/16 delivery.

SA weather remain mixed with the GFS showing a late-week event for some areas.

NOAA 6-10 and 8-14 day maps suggest below normal temps for the 1st time this fall.

Weekly export inspections remain large for beans @ 79.4 mb; corn just 14.7, wheat 10.3 mb.

Monthly NOPA crush came in smaller than expected @ 158.895 mb versus trade est @ 161.

Pres Obama holds long press conference regarding ISIS, states US troops on ground would be a mistake.

Gold trading higher as a safe asset, crude turned mixed and equities rallied throughout the day.

The Commitment of Traders report showed funds plenty short corn, beans, and wheat

South American weather forecasts show no concern at the current time. They’re still planting there

Corn harvest advanced 3 points to 96% complete, a couple points ahead of average

November 16, 2015