Local Cash Bids
 
CORN
  Dalton City Bethany
Cash Price Cash Price
 Cash Corn 
 August Corn 
 Fall Corn 
 Jan Corn 
 Fall 2011 

SOYBEANS
  Dalton City Bethany
Cash Price Cash Price
 Cash Beans 
 August Beans 
 Fall Beans 
 Jan Beans 
 Fall 2011 

WHEAT
  Bethany
Cash Price
 New Wheat 
 July 2011 

Price as of 07/30/10 07:51PM CDT.
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Daily Commentary

 

 

Market Update - 07/30/2010

 What a end to the week.  Overnight prices were again higher.  Corn was called up 2-3 cents, beans up 5-7, and wheat up 8-10 cents.  Prices started higher than the calls with a surge of fund buying on the open.  December corn breached the $4.00 mark not long after the open, and November beans punched through the $10.00 mark not long after that. Wheat was again the leader, making new highs climbing more than 30 cents higher.  There are still concerns over the wheat crop in Russia, and more and more people are jumping on the bandwagon.  The funds were big net buyers of about 15,000 corn, 13,000 wheat, and 6000 bean contracts.  Weather concerns for the South are still on traders minds.  Many traders also are starting to think that corn exports could increase due to the Russian grain problems.   Outside markets were mostly lower this morning on the weaker than expected GDP numbers, but came back to finish mostly higher for the day.  The US Dollar closed near unchanged.  Gold was up about $12/oz.  Crude oil was up about 50 cents/bbl, after being down more than $1 this morning.  The Dow Jones closed near unchanged.  And, livestock markets were higher.  Cash bean basis improved 10 cents this afternoon as no one has any beans left.  Wheat basis levels under pressure all week from the big specualtive rally.  Weather forecasts are a little drier for next week with temperatures above normal.  Most extreme heat will stay in the South and in the Western Plains. It looks like we will have a nice warm start to August.  Look for prices to continue to be volatile next week.

For the week, grains were higher.  September corn was up 21 1/2 cents. December corn was up 22 1/4 cents. August beans were up 35 1/2 cents. November beans were up 23 1/2 cents.  And, September wheat was up 65 1/4 cents.

For the month, grains were higher.  September corn was up 30 cents. December corn was up 33 1/4 cents.  August beans were up $1.21 1/2.  November beans were up $1.02 1/2.  And, September wheat was up $1.81 1/4 cents. 

Have a good weekend!!!

Cory

 

 


Headline News
Ethics Case Brought Against Rep. Rangel07/30 08:45
Recession Deeper Than Expected 07/30 08:41
China Criticizes Clinton Comments 07/30 05:23
US Watching Myanmar-NKorea Talks 07/30 07:24
Saudi, Syrian Leaders Head to Lebanon 07/30 08:38
Obama to Sell Bailout News in Mich. 07/30 08:43
China Opposes EU Sanctions Against Iran07/30 08:36
Stocks End July With Big Gain 07/30 17:37

DTN Market News
What They Said
DTN Early Word Grains 07/30 07:20
DTN Midday Grain Comments 07/30 11:44
DTN Closing Grain Comments 07/30 14:25
DTN Cattle Close/Trends 07/30 15:35
DTN Early Word Opening Livestock 07/30 06:08
DTN Midday Livestock Comments 07/30 11:59
DTN Closing Livestock Comments 07/30 16:09
DTN Chart Technical Points 07/30 15:00
DTN Feeder Pig Index

DTN Ag Headline News
NCBA Spotlights Worries of New Rule
No World Wheat Shortage Seen
Covering the Basis
Some Insect Numbers Down
Favorable Weather Ahead for Corn
View From the Cab
Audit Clears United Soybean Board
DTN Retail Fertilizer Trends
Crop Insurers Say Cuts Will Be Felt

Contact Info
Heritage Grain Cooperative
PO Box 12
Dalton City, IL 61925
217-874-2392 Dalton City
800-947-2392 toll-free
217-874-2090 fax
217-665-3392 Bethany
dcgrain1@wireless111.com 

This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies.  Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness.  The risk of loss in trading futures and/or options is substantial.  Each investor must consider whether this is a suitable investment.  When trading futures and/or options, it is possible to lose more than the full value of your account.


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Local Radar
Dalton City, IL
Chg Zip Code: 
 
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Time More
Sep 10 378'4 393'0 378'2 392'6s 13'4 01:40P
Dec 10 393'0 407'0 393'0 406'6s 13'0 01:40P
Mar 11 405'6 419'0 405'6 418'6s 12'2 01:40P
May 11 414'0 425'6 414'0 425'4s 11'4 01:40P
Jul 11 420'2 432'4 420'2 432'0s 11'2 01:40P
Sep 11 423'0 432'4 420'2 433'0s 8'6 01:40P
Dec 11 425'0 433'2 424'6 433'2s 7'6 01:40P
Mar 12 436'0 443'0 436'0 444'0s 7'4 01:40P
May 12 445'0 448'0 444'6 450'0s 7'4 01:40P
@S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Aug 10 1026'2 1054'6 1026'2 1052'4s 25'6 01:40P
Sep 10 992'4 1015'0 992'4 1012'0s 19'2 01:40P
Nov 10 987'6 1007'0 987'4 1005'0s 17'0 01:40P
Jan 11 995'0 1013'0 995'0 1011'0s 15'4 01:40P
Mar 11 1000'0 1013'2 1000'0 1013'0s 14'6 01:40P
May 11 999'4 1012'4 999'4 1012'2s 13'0 01:40P
Jul 11 1006'0 1018'0 1006'0 1019'0s 13'0 01:40P
Aug 11 1009'0 1011'4 1005'6 1014'0s 11'4 01:40P
Sep 11 1003'4s 11'4 01:40P
@W - WHEAT - CBOT
Month Open High Low Last Change Time More
Sep 10 626'2 663'0 625'6 661'4s 34'0 01:40P
Dec 10 658'4 695'0 658'0 693'6s 34'2 01:40P
Mar 11 680'0 714'6 680'0 713'4s 30'4 01:40P
May 11 695'0 714'6 692'6 714'4s 26'2 01:40P
Jul 11 685'4 711'6 685'4 710'2s 21'4 01:40P
Sep 11 698'4 717'0 698'4 716'6s 20'0 01:40P
Dec 11 709'0 731'0 709'0 729'2s 19'4 01:40P
Mar 12 717'0 735'0 717'0 736'0s 18'2 01:40P
May 12 718'0 725'6 718'0 729'0s 14'2 01:40P
@DX - U.S. DOLLAR INDEX - ICEFU
Month Open High Low Last Change Time More
Sep 10 81.760 82.080 81.565 81.700 - 0.054 05:00P
Dec 10 82.150 82.200 82.150 81.970 - 0.109 05:00P
Mar 11 82.330 - 0.109 02:08P
@ZG - -
Month Open High Low Last Change Time More
Jan 10
EB - ICEFE BRENT CRUDE - IPE
Month Open High Low Last Change Time More
Sep 10 77.42 78.31 76.20 78.26s 0.67 05:00P
Oct 10 77.75 78.61 76.44 78.55s 0.66 05:00P
Nov 10 78.26 79.18 76.97 79.02s 0.58 05:00P
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Time More
Sep 10 10409 10450 10297 10417s 8 03:22P
Dec 10 10351s 7 03:22P
Mar 11 10292s 4 03:22P
My Custom Markets
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Local Conditions
Dalton City, IL
Chg Zip Code: 
Temp: 77oF Feels Like: 80oF
Humid: 71% Dew Pt: 67oF
Barom: 29.93 Wind Dir: S
Cond: Mostly Sunny Wind Spd: 10 mph
Sunrise: 5:53 Sunset: 8:10
As reported at DECATUR, IL at 7:00 PM
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Dalton City, IL
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Saturday

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High: 86°F
Low: 68°F
Precip: 20%
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Low: 67°F
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