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.