129 West Main * Moweaqua, IL 62550 * Phone: 217-768-4416

Thursday, August 28, 2008  
 
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Local Cash Bids
 
MOWEAQUA Delivery Cash  
 CORN AUGUST
  FALL
  DECEMBER
  JAN . 2009
  MARCH 2009
 BEANS August
  Fall
  December
  Jan 2009
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ALL BIDS SUBJECT TO CHANGE
         WITHOUT NOTICE
BIDS ARE UPDATED ON THE CBOT CLOSE
 

Futures
C - CORN - CBOT
Month Open High Low Last Change Time More
Sep 570'4 572'4 564'0 570'0s -7'4 01:41P
Dec 588'0 591'0 581'2 587'6s -8'2 01:41P
Mar 607'0 609'0 601'0 606'6s -8'2 01:41P
May 619'4 621'4 615'2 619'2s -8'4 01:41P
Jul 624'2 629'2 624'2 629'0s -8'6 01:41P
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Sep 1325'0 1337'0 1316'0 1332'4s -15'4 01:41P
Nov 1321'0 1334'4 1307'4 1324'0s -24'0 01:41P
Jan 1340'0 1350'0 1328'0 1341'2s -23'6 01:41P
Mar 1350'0 1362'0 1342'0 1353'6s -23'2 01:41P
May 1350'0 1355'0 1350'0 1360'6s -21'6 01:41P
W - WHEAT - CBOT
Month Open High Low Last Change Time More
Sep 795'0 795'0 780'0 789'0s -13'6 01:41P
Dec 818'0 820'0 801'0 811'0s -14'6 01:41P
LC - LIVE CATTLE - CME
Month Open High Low Last Change Time More
Aug 100.700 101.150 100.600 101.075s 0.450 01:21P
Oct 103.800 104.350 103.650 103.825s 0.050 01:21P
LH - LEAN HOGS - CME
Month Open High Low Last Change Time More
Oct 68.600 69.200 68.450 68.525s - 1.975 01:21P
Dec 69.200 69.700 68.800 68.950s - 1.750 01:21P
@C - CORN - CBOT
Month Open High Low Last Change Time More
Sep 569'6 573'2 569'6 570'0 0'0 09:01P
Dec 587'2 590'6 587'0 588'0 0'2 09:02P
Mar 606'2 610'0 606'2 608'0 1'2 09:02P
May 618'6 622'0 618'6 622'0 2'6 09:02P
@S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Sep 1332'4 1341'4 1332'4 1340'2 7'6 09:01P
Nov 1324'4 1333'0 1324'0 1331'2 7'2 09:01P
Jan 1341'0 1349'0 1341'0 1344'6 3'4 09:01P
Mar
@W - WHEAT - CBOT
Month Open High Low Last Change Time More
Sep 789'0 790'4 789'0 790'0 1'0 09:02P
Dec 811'0 814'4 810'0 812'4 1'4 09:02P
Mar 836'0 837'0 834'0 834'0 -0'6 09:02P
May 851'4 852'0 851'2 852'0 2'6 09:02P
My Custom Markets
Symbol Open High Low Last Change Time More

Daily Comments
Even though the trade witnessed a weaker U.S. dollar overnight along with firmer crude oil prices, grains failed to follow along as they opened weaker this morning. An increase in rainfall for parts of the Midwest this morning shows that weather still usually rules when it comes to price direction. Parts of Iowa, Minnesota and Illinois saw some unexpected rain fall overnight and during the day today. As the day progressed this rain began to break up but then oil prices fell while the dollar firmed up. The U.S. Commerce Dept. stated that 2nd quarter U.S. GDP grew by 3.3% which was higher than most expected. The Dow was higher on that bullish news. Meanwhile, Tropical storm Gustav is expected to become a hurricane at any time. Some forecasters expecting Gustav to land somewhere west of New Orleans which is further west than what was being reported yesterday. Also, the IEA stated that it would release crude oil from strategic stockpiles if the storm interrupted supplies. This helps to explain some of the mid day weakness in crude oil as it is $2.50 lower at the present. Natural gas inventories were also above trade expectations. Other than the weather, fundamental news for corn was lacking. Weekly export sales of 33.3 mln. bu. for both old and new crops was above the average guess.

The complex under selling pressure today as well as the funds sold up to 5000 contracts. Despite some support from the outside markets overnight, traders were watching the weather as some unexpected rains fell overnight in parts of Iowa, Minnesota and Illinois. Overall, hedge funds still concerned with any rule changes concerning hedge/spec holdings once Congress comes back in September. This especially true for energy traders. Maybe Gustav will hit the gulf and New Orleans early next week. The IEA stated that it would release crude oil from strategic stockpiles if the storm interrupted oil supplies at the U.S. gulf. Once crude broke and the dollar began its rally, the complex really did not make much of an attempt at a comeback. Weekly export sales of 5.3 mln. bu. of both old and new crops was below trade expectations. Large old crop cancellation seen from China. U.S. Census crush for July came in at 139 mln. bu. which was also below trade guesses.

Commodity Quotes
Commodity Last Chg
CORN (C8U) 5700 08/28/2008   1:41:00PM CST - 74
CORN (C8Z) 5876 08/28/2008   1:41:00PM CST - 82
CORN (C9H) 6066 08/28/2008   1:41:00PM CST - 82
CORN (C9K) 6192 08/28/2008   1:41:00PM CST - 84
CORN (C9N) 6290 08/28/2008   1:41:00PM CST - 86
SOYBEANS (S8U) 13324 08/28/2008   1:41:00PM CST - 154
SOYBEANS (S8X) 13240 08/28/2008   1:41:00PM CST - 240
SOYBEANS (S9F) 13412 08/28/2008   1:41:00PM CST - 236
SOYBEANS (S9H) 13536 08/28/2008   1:41:00PM CST - 232
SOYBEANS (S9K) 13606 08/28/2008   1:41:00PM CST - 216
WHEAT (W8U) 7890 08/28/2008   1:41:00PM CST - 136
WHEAT (W8Z) 8110 08/28/2008   1:41:00PM CST - 146
LIVE CATTLE (LC8Q) 101.075 08/28/2008   1:21:00PM CST 0.450
LIVE CATTLE (LC8V) 103.825 08/28/2008   1:21:00PM CST 0.050
LEAN HOGS (LH8V) 68.525 08/28/2008   1:21:00PM CST - 1.975
LEAN HOGS (LH8Z) 68.950 08/28/2008   1:21:00PM CST - 1.750
CORN (@C8U) 5700 08/28/2008   9:01:00PM CST 0
CORN (@C8Z) 5880 08/28/2008   9:01:00PM CST 2
CORN (@C9H) 6080 08/28/2008   8:32:00PM CST 12
CORN (@C9K) 6220 08/28/2008   6:58:00PM CST 26
SOYBEANS (@S8U) 13402 08/28/2008   9:01:00PM CST 76
SOYBEANS (@S8X) 13310 08/28/2008   9:01:00PM CST 70
SOYBEANS (@S9F) 13446 08/28/2008   8:31:00PM CST 34
SOYBEANS (@S9H) 0     CST 0
WHEAT (@W8U) 7900 08/28/2008   6:54:00PM CST 10
WHEAT (@W8Z) 8124 08/28/2008   8:58:00PM CST 14
WHEAT (@W9H) 8340 08/28/2008   7:43:00PM CST - 6
WHEAT (@W9K) 8520 08/28/2008   6:29:00PM CST 26
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Local Radar
Moweaqua, IL
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Local Radar
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Local Conditions
Moweaqua, IL
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Temp: 76oF Feels Like: 80oF
Humid: 85% Dew Pt: 71oF
Barom: 29.80 Wind Dir: SSE
Cond: Partly Cloudy Wind Spd: 7 mph
Sunrise: 6:21 Sunset: 7:31
As reported at DECATUR, IL at 9:00 PM
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Local Forecast
Moweaqua, IL