Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘16 | 357’4 | +3’6 | NC ‘16 | 310’0 | +4’0 |
| Mar ‘17 | 367’2 | +3’6 | Dec ‘16 | 321’0 | +4’0 |
| May ‘17 | 374’0 | +3’6 | Jan ‘17 | 326’0 | +3’0 |
| July ‘17 | 380’0 | +3’4 | Feb ‘17 | 328’0 | +3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘16 | 981’4 | +9’0 | NC ‘16 | 914’0 | +10’0 |
| Jan ‘17 | 990’4 | +9’2 | Dec ‘16 | 926’0 | +10’0 |
| Mar ‘17 | 996’6 | +9’2 | Jan ‘17 | 926’0 | +10’0 |
| May ‘17 | 1003’4 | +9’0 | Feb ‘17 | 931’0 | +10’0 |
Corn and soybeans traded higher today, led by soybean strength
Soybeans were propped up by higher palm oil values and talk of a shrinking canola crop
Corn and wheat are running into technical resistance at the 100 day moving average
Weather prospects for the US look good and should allow for rapid harvest pace
Weather in South America brings rain as they continue planting there
Some excess rain has even brought some concern over quality eventually
Argentina is implementing a tax rebate for soybeans in northern provinces to help with exports
This seen as a move from President Macri to buy more votes for the midterm elections in 2017
The CME will keep their current daily price limits for corn at 25 cents/bu per day on November 1st
They will increase daily price limits in soybeans to 70 cents/bu per day