Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 376’4 | -5’6 | NC ‘15 | 348’0 | -4’0 |
| Mar ‘16 | 385’2 | -6’2 | Dec ‘15 | 353’0 | -6’0 |
| May ‘16 | 391’0 | -6’2 | Jan ‘15 | 349’0 | -7’0 |
| Jul ‘16 | 395’2 | -6’2 | Feb ‘15 | 351’0 | -6’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 877’6 | -6’0 | NC ‘15 | 819’0 | -1’0 |
| Jan ‘16 | 878’6 | -7’0 | Dec ‘15 | 822’0 | -6’0 |
| Mar ‘16 | 881’4 | -7’2 | Jan ‘15 | 822’0 | -7’0 |
| May ‘16 | 887’0 | -7’4 | Feb ‘15 | 826’0 | -7’0 |
Grains pressured. Wheat losses turned sizeable on technical selling and poor demand.
The USDA announced the sale of 20 kmt of US bean oil to unknown buyer for 2015/16.
Export inspections remain large beans @ 94.08 mb; corn @ 18.8 and wheat just 6.3 mb.
YTD bean sales now total 440.4 mb, up 8.9% from LY; YTD corn @ 206.4, down 13.5%.
Beans were initially supported on planting delays in Brazil and dry/warm weather in their northeast.
Commodities generally lower, gold continues lower on tighter policy ideas; weather weighs on energies.
FCStone’s November corn yield estimate at 168 bu/ac with 13.543 billion bushel crop vs. 167 & 13.541 in Oct.
Their bean yield estimate at 47.5 bu/ac with a 3.917 billion bushel crop vs. 46.9 & 3.919 in Oct.
Corn harvest reported at 85% complete, up 10% from last week and right at expectations
Bean harvest at 92%, up 5% from last week and a couple points higher than expected
Informa’s previous est was 13.561 and 3.878 bb; USDA in October was 13.555 and 3.888 bb.
Fed trial begins tomorrow in the $1.5 billion case between the sugar growers and the Corn Refiners Association.
Sugar millers claim CRA stole market share by falsely advertising high-fructose corn syrup as natural corn sugar