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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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May
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627'0 |
613'0 |
618'4s |
-0'2 |
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Jul
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637'4 |
623'2 |
629'2s |
-1'0 |
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Sep
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647'0 |
634'2 |
641'0s |
1'2 |
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Dec
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655'0 |
643'4 |
650'0s |
3'6 |
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Mar
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665'0 |
656'0 |
661'0s |
4'2 |
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S - SOYBEANS - CBOT |
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High |
Low |
Last |
Chg |
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May
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1344'0 |
1327'0 |
1349'4s |
51'2 |
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Jul
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1365'0 |
1330'0 |
1358'0s |
48'0 |
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Aug
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1353'0 |
1328'0 |
1353'2s |
49'2 |
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Sep
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1326'0 |
1300'0 |
1324'6s |
50'4 |
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Nov
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1304'4 |
1276'0 |
1303'6s |
58'0 |
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W - WHEAT - CBOT |
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High |
Low |
Last |
Chg |
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May
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790'0 |
787'4 |
791'4s |
-17'4 |
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Jul
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828'0 |
791'0 |
804'4s |
-17'4 |
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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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94.850 |
93.075 |
94.525s |
0.875 |
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Aug
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100.550 |
98.900 |
100.200s |
0.900 |
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LH - LEAN HOGS - CME |
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High |
Low |
Last |
Chg |
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May
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80.250 |
79.400 |
80.225s |
0.850 |
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Jun
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77.275 |
76.400 |
76.875s |
0.400 |
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@C - CORN - CBOT |
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High |
Low |
Last |
Chg |
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May
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627'0 |
613'0 |
618'4s |
-0'2 |
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Jul
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639'0 |
623'2 |
629'2s |
-1'0 |
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Sep
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648'0 |
634'4 |
641'0s |
1'2 |
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Dec
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655'4 |
643'4 |
650'0s |
3'6 |
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@S - SOYBEANS - CBOT |
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High |
Low |
Last |
Chg |
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May
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1353'2 |
1301'0 |
1349'4s |
51'2 |
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Jul
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1367'2 |
1308'0 |
1358'0s |
48'0 |
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Aug
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1355'0 |
1303'0 |
1353'2s |
49'2 |
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Sep
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1325'0 |
1275'0 |
1324'6s |
50'4 |
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@W - WHEAT - CBOT |
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High |
Low |
Last |
Chg |
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May
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793'0 |
780'0 |
791'4s |
-17'4 |
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Jul
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843'0 |
790'4 |
804'4s |
-17'4 |
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Sep
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856'0 |
805'0 |
818'4s |
-17'2 |
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Dec
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875'4 |
825'0 |
839'4s |
-16'6 |
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Daily Comments |
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Less than stellar weekly export sales did not seem to have
much impact on today’s trade as we rallied from the opening
bell and closed 15-17 cents higher. CN and CZ made new
contract highs today. End user pricing, bullish expectations
for tomorrow’s report, and cool/wet weather in the Midwest
were all supportive in today’s trade. Trade currently
expecting corn planting progress to be near 50% in Monday’s
report. Talk of active bull call spreads being established also
supportive. Weekly sales of 16.0 mln. bu. (combined) was
towards the low end of expectations. Year to date
commitments stand at 2,222.5 mln. bu. vs. 1,835.7 mln. bu. at
this time last year. Undelivered sales stand at 530 mln. bu.
Tomorrow’s USDA S&D report is expected to show a decline
in corn usage in the feed and ethanol categories. Corn exports
are good, but will most likely be unchanged. More interest
will be shown for USDA’s first 08/09 balance sheet.
Estimates are for a carryout of 707 mln. bu. We really need a
good corn crop to build stocks and with the acres we seem to
be working with, this may be hard to accomplish.
Basis Update: Gulf values on the defensive in a major way
as corn stacks up at in NOLA. Market still working through
the heavy forward sales from JFM. Interior values under
pressure as a result. Active producer selling of old and new
crop corn seen today.
Soybeans found support from corn today, as well as from
Argentine farmers announcing an eight day strike and crude
oil rallying back to near unchanged after early losses.
Cool/wet weather hampering corn planting may yet be a
negative factor for beans, but it is not readily apparent that
this is happening. Beans managed to close 1 cent higher
after trading lower during the session. Weekly export sales
of 10.3 mln. bu. were in the middle of expectations but only
1.5 mln. bu. were listed in the 07/08 marketing year. This
brings commitments to 1,061.4 mln. bu. vs. 1,034.0 mln. bu.
at this time last year. Undelivered sales stand at 143 mln.
bu. An increase in export projections is possible in
tomorrow’s report and ending stock of 07/08 are expected to
show another decrease. USDA will release its first estimate
of S&D’s for the 08/09 marketing year, with an increase in
ending stocks (compared to 07/08) expected. Average
estimates for 08/09 ending stocks can be found below.
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Commodity Quotes |
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| Commodity |
Last |
Chg |
| CORN (C8K) |
6184 |
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- 2 |
| CORN (C8N) |
6292 |
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- 10 |
| CORN (C8U) |
6410 |
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12 |
| CORN (C8Z) |
6500 |
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36 |
| CORN (C9H) |
6610 |
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42 |
| SOYBEANS (S8K) |
13494 |
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512 |
| SOYBEANS (S8N) |
13580 |
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480 |
| SOYBEANS (S8Q) |
13532 |
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492 |
| SOYBEANS (S8U) |
13246 |
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504 |
| SOYBEANS (S8X) |
13036 |
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580 |
| WHEAT (W8K) |
7914 |
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- 174 |
| WHEAT (W8N) |
8044 |
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- 174 |
| LIVE CATTLE (LC8M) |
94.525 |
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0.875 |
| LIVE CATTLE (LC8Q) |
100.200 |
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0.900 |
| LEAN HOGS (LH8K) |
80.225 |
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0.850 |
| LEAN HOGS (LH8M) |
76.875 |
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0.400 |
| CORN (@C8K) |
6184 |
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- 2 |
| CORN (@C8N) |
6292 |
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- 10 |
| CORN (@C8U) |
6410 |
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12 |
| CORN (@C8Z) |
6500 |
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36 |
| SOYBEANS (@S8K) |
13494 |
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512 |
| SOYBEANS (@S8N) |
13580 |
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480 |
| SOYBEANS (@S8Q) |
13532 |
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492 |
| SOYBEANS (@S8U) |
13246 |
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504 |
| WHEAT (@W8K) |
7914 |
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- 174 |
| WHEAT (@W8N) |
8044 |
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- 174 |
| WHEAT (@W8U) |
8184 |
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- 172 |
| WHEAT (@W8Z) |
8394 |
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- 166 |
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Local Conditions |
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| Moweaqua, IL |
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| Chg Zip Code: |
| Temp: |
62oF |
Feels Like: |
62oF |
| Humid: |
58% |
Dew Pt: |
47oF |
| Barom: |
29.82 |
Wind Dir: |
N |
| Cond: |
Rain |
Wind Spd: |
5 mph |
| Sunrise: |
5:45 |
Sunset: |
7:58 |
| As reported at DECATUR, IL at 6:00 PM |
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View complete Local Weather
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Local Forecast |
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Moweaqua, IL |
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Friday
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Saturday
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Sunday
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Monday
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Tuesday
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High: 61oF
Low: 49oF | High: 68oF
Low: 40oF | High: 55oF
Low: 49oF | High: 65oF
Low: 41oF | High: 69oF
Low: 48oF |
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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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