Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘15 | 383’2 | +2’6 | NC ‘15 | 336’0 | +1’0 |
| Mar ‘16 | 394’6 | +2’4 | Dec ‘15 | 338’0 | +3’0 |
| May ‘16 | 402’0 | +2’4 | Jan ‘15 | 347’0 | +3’0 |
| Jul ‘16 | 407’6 | +3’0 | Feb ‘15 | 357’0 | +3’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘15 | 863’6 | +2’0 | NC ‘15 | 799’0 | +3’0 |
| Jan ‘16 | 868’2 | +1’6 | Dec ‘15 | 809’0 | +2’0 |
| Mar ‘16 | 872’4 | +1’4 | Jan ‘15 | 808’0 | +1’0 |
| May ‘16 | 875’4 | +1’2 | Feb ‘15 | 813’0 | +2’0 |
Wheat futures led the way with corn and beans reluctantly following.
Nov beans held yesterday’s support, Dec corn traded above yesterday’s high and Dec wheat back above $5.
Dry conditions in Australia and Russia helping wheat rally to a 1-mo high.
Also supportive, a division between Russian gov’t offices regarding wheat export taxes.
The USDA announced 284,500 mt of US beans sold to China for 2015/16 crop year.
Beans finding support ahead of China’s purchase agreement announcement.
The announcement is expected to take place in Des Moines, Thursday around 1:00 PM.
Weekly ethanol production dropped 2.4% from LW, up 5.5% from the previous year.
Ethanol stocks increased by 3.3% from LW, up 1.7% from the previous year.
Corn usage for ethanol estimated @ 98.5 mb, needs to average 100.7 mb/wk to reach goal.
Friday’s hogs and pigs report is expected to show all hogs @ 103.6% of last year as of Sep 1.
Cattle futures were limit lower on declining demand at a time when retailers usually stock up.