Corn
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Dec ‘16 | 329’0 | -7’4 | NC ‘16 | 280’0 | -8’0 |
| Mar ‘17 | 339’0 | -7’2 | Dec ‘16 | 295’0 | -7’0 |
| May ‘17 | 346’0 | -6’6 | Jan ‘17 | 303’0 | -7’0 |
| July ‘17 | 352’6 | -6’6 | Feb ‘17 | 306’0 | -7’0 |
Soybeans
| CBOT Prices | Two Rivers Cash Bid Prices | ||||
| Nov ‘16 | 945’2 | -9’6 | NC ‘16 | 875’0 | -10’0 |
| Jan ‘17 | 951’4 | -9’4 | Dec ‘16 | 887’0 | -9’0 |
| Mar ‘17 | 957’2 | -9’2 | Jan ‘17 | 887’0 | -9’0 |
| May ‘17 | 963’0 | -8’6 | Feb ‘17 | 882’0 | -9’0 |
Grain struggled again to start the new week, setting an early tone for expectations for the week
Weather forecasts certainly had a hand in the selloff as the harvest progress should be remarkable
A number of locks on the Mississippi will slow river barge traffic later this week
Export Inspections report showed a strong 52.6 million bushels of corn shipped, stronger than normal
Wheat was also strong but beans at a weak 14.1 million bushels
China has suspended selling domestic reserves during harvest, worry of sending prices into tailspin
Does this make them an exporter in the future or just discourage additional coarse grain imports?
The USDA announced the sale of 240,000 tons of beans sold to unknown destinations
China bean crush margins very good right now after the US selloff in prices
Corn harvest progress reported at 15% vs 9% last week, 16% last year, and 19% average
Soybean harvest reported at 10% vs 4% last week, 17% last year, and 13% average