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Local Cash Bids |
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| MOWEAQUA |
Delivery |
Cash |
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| CORN |
MAY |
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JUNE |
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JULY |
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FALL |
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JAN 2009 |
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| BEANS |
May |
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June |
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Fall |
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December |
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Jan 2009 |
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ALL BIDS SUBJECT TO CHANGE
WITHOUT NOTICE
BIDS ARE UPDATED ON THE CBOT CLOSE
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Quotes |
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C - CORN - CBOT |
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High |
Low |
Last |
Chg |
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Jul
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596'4 |
586'2 |
587'6 |
-8'4 |
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Sep
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608'0 |
598'4 |
600'0 |
-8'2 |
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Dec
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620'0 |
610'0 |
611'6 |
-8'6 |
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Mar
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631'4 |
622'6 |
624'4 |
-8'2 |
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May
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639'0 |
631'4 |
631'4 |
-10'0 |
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S - SOYBEANS - CBOT |
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High |
Low |
Last |
Chg |
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Jul
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1377'0 |
1342'0 |
1343'4 |
-36'0 |
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Aug
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1374'0 |
1342'0 |
1347'0 |
-29'4 |
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Sep
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1346'0 |
1325'0 |
1330'0 |
-19'0 |
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Nov
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1334'0 |
1307'4 |
1310'0 |
-23'0 |
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Jan
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1342'0 |
1325'0 |
1336'0 |
-10'0 |
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W - WHEAT - CBOT |
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High |
Low |
Last |
Chg |
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Jul
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775'0 |
759'0 |
763'0 |
-1'0 |
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Sep
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789'0 |
776'0 |
779'4 |
1'2 |
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LC - LIVE CATTLE - CME |
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High |
Low |
Last |
Chg |
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Jun
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94.750 |
94.300 |
94.500 |
- 0.125 |
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Aug
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100.300 |
99.700 |
99.900 |
- 0.325 |
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LH - LEAN HOGS - CME |
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High |
Low |
Last |
Chg |
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Jun
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78.550 |
77.550 |
77.900 |
- 0.275 |
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Jul
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77.650 |
76.800 |
77.050 |
- 0.400 |
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@C - CORN - CBOT |
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High |
Low |
Last |
Chg |
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Jul
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597'6 |
585'6 |
588'2 |
-8'0 |
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Sep
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609'2 |
598'0 |
599'6 |
-8'4 |
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Dec
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622'0 |
609'2 |
611'6 |
-8'6 |
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Mar
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633'2 |
622'0 |
624'0 |
-8'6 |
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@S - SOYBEANS - CBOT |
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High |
Low |
Last |
Chg |
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Jul
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1380'0 |
1341'2 |
1344'6 |
-34'6 |
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Aug
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1374'0 |
1340'0 |
1343'0 |
-33'4 |
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Sep
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1346'0 |
1319'0 |
1320'4 |
-28'4 |
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Nov
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1335'2 |
1306'4 |
1309'4 |
-23'4 |
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@W - WHEAT - CBOT |
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High |
Low |
Last |
Chg |
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Jul
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775'2 |
759'4 |
763'4 |
-0'4 |
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Sep
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790'0 |
774'2 |
778'2 |
0'0 |
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Dec
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809'4 |
795'0 |
797'2 |
-2'0 |
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Mar
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826'6 |
814'2 |
815'0 |
-3'4 |
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Daily Comments |
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Corn futures closed 6-7 cents lower on better planting
prospects and outside commodity weakness. The 6-10
day forecasts are now showing a bigger window for
planting progress to be made in the western cornbelt. A
rain event is expected to move through the Midwest
tonight thru Thursday, and then the chances of precip are
minimal for a few days. Temperatures are expected to
remain mostly in the 60’s. According to Monday’s crop
progress report, the western part of corn country is
showing the most delays. As a whole, the U.S. was 51%
planted vs. the average of 77%. Minnesota is just 32%
complete (82% avg.), Iowa at 46% (82%), and South
Dakota is 27% (57%) planted. Corn is 11% emerged vs.
the avg. of 33%. With the exception of the energy
market, the commodities had a weaker theme,
contributed to by the higher trade in the dollar. Gold and
silver were down sharply. Technically, CN8 found
support near the 50-day moving average ($5.92), and
was able to recover into the close.
Soybeans dismissed the commodity weakness and
followed crude oil higher. Crude oil made new record
highs again today. Soybeans were also supported by
renewed talk out of Argentina that farmers there could
continue to strike, if no dispute settlements are made
by Thursday. Planting progress showed 11% of the
nation’s beans planted vs. the avg. of 29%. Illinois is
7% complete, while Iowa sits at 4% done. Last
Friday’s supply demand report that showed 08/09 bean
ending stocks only rising to 185 Mln. bu. despite a big
increase in planted acres continues to underpin the
bean contracts. Agrural stated that Brazil is 97%
complete with the harvesting of its 07/08 bean crop.
Agrural estimated Brazil’s bean production to be 63
MMT.
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Commodity Quotes |
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| Commodity |
Last |
Chg |
| CORN (C8N) |
5876 |
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- 84 |
| CORN (C8U) |
6000 |
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- 82 |
| CORN (C8Z) |
6116 |
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- 86 |
| CORN (C9H) |
6244 |
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- 82 |
| CORN (C9K) |
6314 |
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- 100 |
| SOYBEANS (S8N) |
13434 |
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- 360 |
| SOYBEANS (S8Q) |
13470 |
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- 294 |
| SOYBEANS (S8U) |
13300 |
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- 190 |
| SOYBEANS (S8X) |
13100 |
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- 230 |
| SOYBEANS (S9F) |
13360 |
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- 100 |
| WHEAT (W8N) |
7630 |
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- 10 |
| WHEAT (W8U) |
7794 |
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12 |
| LIVE CATTLE (LC8M) |
94.500 |
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- 0.125 |
| LIVE CATTLE (LC8Q) |
99.900 |
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- 0.325 |
| LEAN HOGS (LH8M) |
77.900 |
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- 0.275 |
| LEAN HOGS (LH8N) |
77.050 |
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- 0.400 |
| CORN (@C8N) |
5882 |
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- 80 |
| CORN (@C8U) |
5996 |
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- 84 |
| CORN (@C8Z) |
6116 |
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- 86 |
| CORN (@C9H) |
6240 |
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- 86 |
| SOYBEANS (@S8N) |
13446 |
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- 346 |
| SOYBEANS (@S8Q) |
13430 |
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- 334 |
| SOYBEANS (@S8U) |
13204 |
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- 284 |
| SOYBEANS (@S8X) |
13094 |
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- 234 |
| WHEAT (@W8N) |
7634 |
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- 4 |
| WHEAT (@W8U) |
7782 |
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0 |
| WHEAT (@W8Z) |
7972 |
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- 20 |
| WHEAT (@W9H) |
8150 |
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- 34 |
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Local Conditions |
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| Moweaqua, IL |
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| Chg Zip Code: |
| Temp: |
54oF |
Feels Like: |
54oF |
| Humid: |
87% |
Dew Pt: |
50oF |
| Barom: |
30.03 |
Wind Dir: |
NE |
| Cond: |
Mostly Sunny |
Wind Spd: |
13 mph |
| Sunrise: |
5:39 |
Sunset: |
8:03 |
| As reported at DECATUR, IL at 11:00 AM |
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View complete Local Weather
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Local Forecast |
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Moweaqua, IL |
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Thursday
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Friday
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Saturday
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Sunday
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Monday
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High: 62oF
Low: 46oF | High: 70oF
Low: 47oF | High: 72oF
Low: 53oF | High: 73oF
Low: 51oF | High: 72oF
Low: 50oF |
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View complete Local Weather
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DTN Market News |
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Corn futures closed lower following the general commodity
selling theme today. Crude oil futures led the others lower
today on speculation that OPEC will increase crude oil
output when it convenes on Dec. 5th. Gold and silver
futures were also sharply lower. The dollar index traded
higher today, and was able to eclipse the highs of the
previous two days. Once again, new fundamental news is
hard to uncover. South Korea was a buyer of U.S. corn
again overnight, this time buying 220,000 tonnes. Wheat
futures failed to offer much support today. Wheat closed
15-17 cents higher as demand news continues to support
the short-term higher trend. Along with recent demand
from India, Morocco also secured 316,000 MMT of
optional –origin wheat for Dec. In Monday’s crop progress
report, wheat rated in the good to excellent category fell 1%
to 44%. The dryness in the plains states is starting to show
up in the ratings with Oklahoma falling 4%, and Texas
dropping 5%. Kansas improved by 3%. Technically, CH8
continues to encounter resistance in the $4.05 to $4.10
range. A variety of moving averages (40, 50, and 100)
cross near the $3.85 area. If the outside markets continue
to trend lower, watch for a test of those moving averages.
Basis Update: CIF values were weaker today. Producer
selling has slowed again on the retreat in prices. Central IL
processor paid -3H for Dec. delivery.
Soybean futures settled 12-13 cents lower, following the
sharply lower move in crude oil futures. Crude oil was
down about $3.25 or a little over 3%. The weekly crude
oil inventory report will be released tomorrow morning,
with the market expecting a decline in stocks. The energy
market will also be closely watching the temperatures in
the U.S. next week as it is supposed to cool off some
more. The bean market did stage a little bounce into the
close as it was down over 20 cents at one point today. A
little support was seen today from the USDA
announcement that China bought 120,000 tonnes of U.S.
soybeans. Weekly export sales are expected to be large on
Thursday morning. South American weather is starting to
be more closely watched as a dry pattern has stalled over
the bean growing regions. Some relief in the form of
improved chances of rain is expected to move into
Argentina and Southern Brazil early next week.
Technically, SF8 closed a gap left back on Friday. SF8
continues to trade above all the key moving averages.
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