November 24, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 364’2 -3’0 NC ‘15 339’0 -3’0
Mar ‘16 369’4 -3’4 Dec ‘15 341’0 -3’0
May ‘16 374’6 -3’6 Jan ‘15 342’0 -4’0
Jul ‘16 380’2 -3’2 Feb ‘15 345’0 -4’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 863’6 -0’4 NC ‘15 816’0 Unch.
Jan ‘16 866’2 Unch. Dec ‘15 816’0 Unch.
Mar ‘16 872’2 -0’4 Jan ‘15 809’0 Unch.
May ‘16 878’2 -0’2 Feb ‘15 811’0 Unch.

 

Lower markets with wheat being the weakest link while beans turned higher from early lows

Beans supported following yesterday’s key technical reversal after hitting a new contract low.

Also supportive is news the new Argentine President will not lift export taxes immediately.

Earlier stories suggested a likelihood of a 90 day suspension of export taxes to entice cash sales.

Crude & gold supported on news a Russian jet was shot down by a Turkish jet near Syrian border.

Equities erased big losses, the Dow closed 20 points higher after opening nearly 150 points lower.

Hot temperatures have delayed winter plantings in India; wheat plantings down 26% from last year

1st human case of H7N9 this year confirmed in China’s Guangdong province, source being investigated.

US 3rd Q GDP revised to 2.1% which is still sharply lower than 3.9% in the 2nd quarter.

USDA lowered the 2015 farm income forecast to $55.9 bln, down 38% from LY, the lowest since 2002.

 

November 24, 2015