October 26, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 384’4 +4’6 NC ‘15 348’0 -4’0
Mar ‘16 393’4 +4’6 Dec ‘15 353’0 +7’0
May ‘16 399’4 +4’6 Jan ‘15 357’0 +2’0
Jul ‘16 403’6 +4’6 Feb ‘15 359’0 +2’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 885’0 -10’4 NC ‘15 817’0 -11’0
Jan ‘16 884’4 -11’4 Dec ‘15 821’0 -15’0
Mar ‘16 886’6 -11’4 Jan ‘15 824’0 -12’0
May ‘16 891’2 -11’0 Feb ‘15 827’0 -12’0

 

Stronger values for corn led by wheat while soybeans struggle on favorable South American weather

Funds carry significant wheat short positions as indicated in Friday Commitment of Traders report

Incredible rainfall totals reported in Southern states over the weekend possibly hurting wheat areas

The dollar pulled back a few hundred ticks, pausing from last week’s selloff

USDA announced the sale of 120,000 tons of beans to China

Weekly export inspections report showed corn disappointing at 16.3 million bushels

Soybean inspections very strong at 98.2 million bushels

Soybean sales may be running a bit slow but inspections have been incredible so far

Wheat inspections on the low end of estimates at 11.7 million bushels

Forecasts continue to run above normal temps but rainfall is mixed and varies often it seems

Technicals turn positive for corn but damage was done to the soybean charts

October 26, 2015