November 20, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 363’2 -1’0 NC ‘15 339’0 -4’0
Mar ‘16 369’6 -0’4 Dec ‘15 340’0 +4’0
May ‘16 375’4 -0’2 Jan ‘15 342’0 -2’0
Jul ‘16 380’6 Unch. Feb ‘15 344’0 Unch.

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 857’4 -2’4 NC ‘15 809’0 -3’0
Jan ‘16 860’4 -2’4 Dec ‘15 809’0 +2’0
Mar ‘16 866’6 -2’2 Jan ‘15 803’0 -2’0
May ‘16 872’4 -2’6 Feb ‘15 805’0 -3’0

 

Mixed markets most of the day before settling with minor losses in the grains

Fresh news remains scarce and farmer selling remains non-existent

Equities are rallying with the Dow back above 17,800, crude slightly higher, and the dollar higher.

Soybeans continue to struggle ahead of this weekend’s Argentine Pres election.

If the new candidate wins, his policies don’t penalize bean exports as much and adds value to beans there

Those moves would simultaneously hurt U.S. bean prices

December corn continues the week-long uptrend with a higher high and higher low versus yesterday.

Beans bounced off tech support following news of 120,000 tons sold to unknown for 15/16.

Ag futures on the Dalian Exchange were mostly lower led by sharp losses in beans and palm.

Midday weather maps appear slightly drier next week for Argentina and S Brazil.

Baltic sea freight now hits a record low as global demand for commodities drop, namely China demand

NOAA states El Nino conditions are now the strongest since records began in 1990.

Hostage situation in Mali is over with 2 of the attackers killed; Al Qaeda claims responsibility.

November 20, 2015