October 27, 2015

Corn

CBOT Prices Two Rivers Cash Bid Prices
Dec ‘15 380’0 -4’4 NC ‘15 343’0 -5’0
Mar ‘16 389’6 -3’6 Dec ‘15 349’0 -4’0
May ‘16 396’0 -3’4 Jan ‘15 353’0 -4’0
Jul ‘16 400’6 -3’0 Feb ‘15 355’0 -4’0

 

Soybeans

CBOT Prices Two Rivers Cash Bid Prices
Nov ‘15 891’2 +6’2 NC ‘15 829’0 +12’0
Jan ‘16 891’0 +6’4 Dec ‘15 829’0 +8’0
Mar ‘16 893’4 +6’6 Jan ‘15 830’0 +6’0
May ‘16 897’6 +6’4 Feb ‘15 834’0 +7’0

 

Soybeans bounced back today, but wheat closed unchanged and corn lost steam

Corn struggling on news Bunge has loaded 54 kmt of Brazilian corn, headed to the US Southeast.

Soybeans found support after trading below the 20 day moving average and the lowest level in 2 wks.

Wheat finding support following the 1st ratings report of the season just 47% G/E vs 59% LY.

Crude oil is under pressure as the US announces they want to sell reserves for cash

White House announces plans to sell 58 million barrels from 2018 to 2025, represents 8%.

The funds to be deposited in the general Treasury fund, possibly used to build new pipelines.

Piling corn continues as elevators struggle to find room for the bumper crop in the WCB.

Corn winding down in C IA but N IA / SE MN looks like 20-40% of corn yet to harvest.

 

 

 

October 27, 2015