Local Cash Bids
 
 
CORN
  Dalton City Bethany
Cash Cash
 July 2008 
 August 2008 
 Fall 2008 
 Jan 2009 



SOYBEANS
  Dalton City Bethany
Cash Cash
 July 2008 
 Fall 2008 
 Jan 2009 



WHEAT
  Bethany
Cash
 Cash Wheat 



 
Price as of 07/23/08 02:09PM CDT.
 
Month Symbols
 

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Daily Commentary

The overnight markets were slightly higher, making for the beginnings of a "Turn-Around Tuesday". Corn was called up 1-3 cents, beans up 10-12, and wheat up 2-4 cents.  Grains however did open lower and sold off from there in early trade.  Outside markets were infuential today as crude oil was almost $5/bbl lower on forecasts of TS Dolly missing oil facilities in Texas, and continued nervousness by speculative traders as Congress continues to push for a bill increasing transparency in Energy Markets.  They are focusing on the 'Over-the-Counter' trades done by banks and hedge funds that can conceal who is behind the trade.  This also pressures traders in the grains and oilseeds markets.  Funds were good sellers of 12000 corn contracts today, which drops the net fund long position by 100,000 contracts since the start of July. The funds were slight buyers of beans and wheat.  TS Dolly's rainfall potential should be viewed positively for Texas as they are very dry down there.  And, the extended track of the storm could affect our weather and/or weather in the Delta, as they are dry and need rain for pod-filling of soybeans.  The EPA is delaying a decision on the corn-ethanol mandate waiver posed by the Texas governor until the August Supply and Demand report.  If prices continue their lower trend, there won't be any need for a mandate waiver as feed prices decline, to the benefit of cattle and poultry producers in Texas.  That was thought of as bearish by the trade today.  Technically, December corn closed below $6.00/bu, and hasn't traded this low since April 1. Many in the trade figured for some kind of a technical bounce today in corn, but that didn't happen.  Will have to see if the bad close triggers any more fund liquidation. Maybe we can get our long awaited bounce in tonight's trade.


Have a good night!!!

Cory


Headline News
Iran Praises US Input in Nuke Talks 07/23 10:25
Obama's West Bank Trip Raises Hope 07/23 05:57
Rice Presses NKorean Diplomat on Nukes 07/23 07:02
Wolfowitz: US OKs Taiwan Arms Deal 07/23 05:55
Iraqi President Rejects Election Law 07/23 10:09
US Wants Quick OK of India Nuke Pact 07/23 07:59
Bush Drops Opposition to Housing Bill 07/23 09:22
Stocks Fluctuate on Mixed Profit Rpts 07/23 09:26

DTN Market News
Overnight Selling Pressure Evident
DTN Early Word Grains 07/23 06:03
DTN Midday Grain Comments 07/23 10:50
DTN Closing Grain Comments 07/22 14:08
DTN Cattle Prices/Trends 07/23 11:30
DTN Early Word Opening Livestock 07/23 05:43
DTN Midday Livestock Comments 07/23 12:05
DTN Closing Livestock Comments 07/22 17:04
DTN Chart Technical Points 07/22 15:00
DTN Feeder Pig Index

DTN Ag Headline News
By the Numbers: Dornfeld
Newsom on the Market
Oil, Dollar Behind Food Price Rally
EPA on the Clock to Pick Waiver Winner
View From the Cab
Kub's Den
Dr. Dan Talks Agronomy
Weekly Inspections Mixed
FCStone: Business as Usual Despite Suit

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

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Local Radar
Dalton City, IL
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Futures
C - CORN - CBOT
Month Open High Low Last Change Time More
Sep 550'0 587'0 544'0 571'4s -2'0 01:43P
Dec 569'0 607'0 563'0 590'4s -1'6 01:43P
Mar 586'0 626'0 583'0 609'6s -1'4 01:43P
May 600'0 633'0 600'0 622'0s -1'6 01:43P
Jul 608'0 647'0 607'0 629'4s -3'6 01:43P
Sep 623'4 638'0 623'4 626'4s -3'6 01:43P
@C - CORN - CBOT
Month Open High Low Last Change Time More
Sep 574'0 589'0 543'6 571'4s -2'0 01:40P
Dec 593'0 608'0 562'6 590'4s -1'6 01:40P
Mar 612'0 627'0 582'2 609'6s -1'4 01:40P
May 623'6 638'2 594'4 622'0s -1'6 01:40P
Jul 633'2 647'6 604'2 629'4s -3'6 01:40P
Sep 623'2 642'0 605'0 626'4s -3'6 01:40P
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Aug 1378'0 1415'0 1377'0 1394'2s -22'4 01:43P
Sep 1367'0 1411'0 1366'4 1385'6s -23'4 01:43P
Nov 1364'0 1413'0 1363'0 1384'0s -25'0 01:43P
Jan 1382'0 1428'0 1382'0 1401'2s -25'0 01:43P
Mar 1399'0 1442'0 1398'0 1416'4s -23'2 01:43P
May 1403'0 1445'0 1403'0 1419'2s -23'6 01:43P
@S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Aug 1416'0 1421'2 1372'4 1394'2s -22'4 01:40P
Sep 1409'2 1412'6 1363'4 1385'6s -23'4 01:40P
Nov 1409'0 1414'4 1362'4 1384'0s -25'0 01:40P
Jan 1426'0 1429'0 1376'4 1401'2s -25'0 01:40P
Mar 1424'0 1444'2 1394'0 1416'4s -23'2 01:40P
May 1445'0 1447'4 1400'0 1419'2s -23'6 01:40P
W - WHEAT - CBOT
Month Open High Low Last Change Time More