Local Cash Bids
 
CORN
  Dalton City Bethany
Cash Price Cash Price
 Cash  Chart Chart
 June 2019  Chart Chart
 July 2019  Chart Chart
 Fall 2019  Chart Chart

SOYBEANS
  Dalton City Bethany
Cash Price Cash Price
 Cash  Chart Chart
 June 2019  Chart Chart
 July 2019  Chart Chart
 Fall 2019  Chart Chart

WHEAT
  Bethany
Cash Price
 July 2019  Chart

Price as of 05/25/19 10:33AM CDT.
Month Symbols
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Daily Commentary
 May 24th, 2019
 
Corn
 
Corn futures closed 14 cents higher in old crop and 9-12 cents higher in new crop. CN gained 21 cents for the week and closed above $4, the first time since last May when the “great unpleasantness” of U.S./China trade issues surfaced. Funds were buyers of 7,000 contracts mid-session and held an estimated short position of 149,000 this morning. Producer selling interest picked up noticeably this week, though it was not as heavy today as a 14-cent rally would suggest. Wet weather slowing planting progress and uncertainty over gov’t assistance programs are at the forefront of the market. Prevent Plant and the MFP payments give producers plenty to consider. MFP seems to be set up to incentivize farmers to plant and not take prevent plant, while also not causing a shift in acres to take advantage of the programs. One rumor today had the prevent plant percentage increasing from 55% to 70%+ while at the same time there are suggestions 15% of corn acres will move to beans and we’ll lose 2.25 bln. bu. of corn production. Weather forecasts the next 5-7 days as well as longer term models remain wet in most of the eastern corn belt and don’t paint a good picture for planting. Producers are still expected to try and plant corn as long as possible though. SX/CZ ratio at 2.04. The market is trying to balance all of these storylines and volatility is increasing. Lost in the shuffle today was a sale of 113 tmt of corn to Mexico for 18/19.
 
Soybeans
 
 
Soybeans closed 8 cents higher in both old crop and new crop with SN gaining 8 cents this week. Funds were buyers of 3,000 contracts mid-session and held an estimated short position of 166,000 contracts this morning. Traders are caught between fears more acres switch to beans from corn (one group estimates an additional 575 mln. bu. of production) and ideas soybeans don’t get planted either. Also in the mix is what happens if a “deal” actually takes place with China? The 1 bln. bu. 18/19 carryout is a buffer in the marketplace against all of these storylines. Most of the excitement this week was in corn and wheat with beans a follower for a change. As a result, producer selling was light compared to corn during the week.
Wheat closed 17-20 cents higher today and WN gained 24 cents this week. Funds were buyers of 4,000 contracts mid-session and held an estimated short position of 67,000 contracts this morning. CIF wheat continues to firm. Possible quality issues for SRW causing concern while at the same time there are reports of a great crop in KS (HRW.)

Have a good evening!!
 
 

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DTN Market News
DTN Weekly DDG Average Price Higher
DTN Early Word Grains 05/24 06:02
DTN Midday Grain Comments 05/24 11:08
DTN Closing Grain Comments 05/24 13:58
DTN Cattle Close/Trends 05/23 15:20
DTN Early Word Opening Livestock 05/24 06:33
DTN Midday Livestock Comments 05/24 12:09
DTN Closing Livestock Comment 05/24 16:13
DTN Chart Technical Points 05/24 16:30
US Direct Feeder Pigs 05/13

DTN Ag Headline News
Disaster Relief Advances
Group: Beef Checkoffs Unconstitutional
Spring Forage Update
View From the Cab
R-CALF Refiles Lawsuit
Corn Health Check
Trade Aid Details Leaked
ASF's Security Risks, Market Impact
Ag Offers Answers to Climate Change

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
shawn.kinkade@heritagegrain.com
cory@heritagegrain.com

patty@heritagegrain.com
ashley@heritagegran.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: 
 
Radar
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 19 390'4 404'6 389'6 404'6 14'4 404'2s 05/24 Chart for @C9N Options for @C9N
Sep 19 399'2 413'0 398'2 413'0 14'0 412'4s 05/24 Chart for @C9U Options for @C9U
Dec 19 408'0 420'0 407'4 420'0 11'6 419'6s 05/24 Chart for @C9Z Options for @C9Z
Mar 20 419'2 429'6 418'6 429'2 10'0 429'2s 05/24 Chart for @C0H Options for @C0H
May 20 423'6 432'6 423'6 432'6 8'6 432'2s 05/24 Chart for @C0K Options for @C0K
Jul 20 427'4 435'0 427'2 435'0 7'0 434'4s 05/24 Chart for @C0N Options for @C0N
Sep 20 411'6 413'4 410'2 413'4 2'0 412'6s 05/24 Chart for @C0U Options for @C0U
Dec 20 412'4 415'2 411'4 413'6 1'2 414'0s 05/24 Chart for @C0Z Options for @C0Z
Mar 21 420'2 424'0 419'2 422'0 1'0 421'6s 05/24 Chart for @C1H Options for @C1H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 19 821'4 831'4 820'0 829'2 8'2 829'6s 05/24 Chart for @S9N Options for @S9N
Aug 19 828'0 838'2 827'0 836'2 8'2 836'4s 05/24 Chart for @S9Q Options for @S9Q
Sep 19 835'2 845'0 834'0 843'0 8'2 843'4s 05/24 Chart for @S9U Options for @S9U
Nov 19 847'4 858'0 846'4 855'4 8'0 856'2s 05/24 Chart for @S9X Options for @S9X
Jan 20 861'2 870'0 858'6 867'2 8'0 868'2s 05/24 Chart for @S0F Options for @S0F
Mar 20 869'6 878'6 868'4 875'2 6'4 876'0s 05/24 Chart for @S0H Options for @S0H
May 20 880'0 889'0 879'6 886'2 6'2 887'0s 05/24 Chart for @S0K Options for @S0K
Jul 20 892'2 900'6 891'4 898'2 5'6 898'6s 05/24 Chart for @S0N Options for @S0N
Aug 20 900'6 5'2 901'6s 05/24 Chart for @S0Q Options for @S0Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 19 469'6 490'6 467'2 490'2 19'2 489'4s 05/24 Chart for @W9N Options for @W9N
Sep 19 478'2 498'2 475'0 497'6 18'4 496'6s 05/24 Chart for @W9U Options for @W9U
Dec 19 491'6 511'2 489'2 511'0 17'2 509'6s 05/24 Chart for @W9Z Options for @W9Z
Mar 20 505'6 523'2 503'2 523'2 16'2 522'2s 05/24 Chart for @W0H Options for @W0H
May 20 512'2 528'6 511'4 528'6 16'0 528'4s 05/24 Chart for @W0K Options for @W0K
Jul 20 511'2 528'0 511'2 528'0 16'2 527'2s 05/24 Chart for @W0N Options for @W0N
Sep 20 527'4 531'2 527'4 531'2 15'2 533'6s 05/24 Chart for @W0U Options for @W0U
Dec 20 537'0 546'0 537'0 546'0 14'2 545'4s 05/24 Chart for @W0Z Options for @W0Z
Mar 21 546'0 14'2 554'6s 05/24 Chart for @W1H Options for @W1H
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
May 19 Chart for @ZG9K Options for @ZG9K
Jun 19 Chart for @ZG9M Options for @ZG9M
Jul 19 Chart for @ZG9N Options for @ZG9N
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 19 424'0 444'0 421'6 443'2 16'6 442'0s 05/24 Chart for @KW9N Options for @KW9N
Sep 19 435'6 455'0 433'4 455'0 16'4 453'2s 05/24 Chart for @KW9U Options for @KW9U
Dec 19 458'2 476'4 456'2 476'4 16'6 475'4s 05/24 Chart for @KW9Z Options for @KW9Z
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Jun 19 2839.00 2841.00 2821.00 2828.00 12.40 2831.80s 05/24 Chart for SP9M Options for SP9M
Sep 19 2824.00 12.40 2836.40s 05/24 Chart for SP9U Options for SP9U
Dec 19 2745.00 12.40 2839.10s 05/24 Chart for SP9Z Options for SP9Z
My Custom Markets
Symbol Open High Low Last Change Close Time More

Local Conditions
Dalton City, IL
Chg Zip Code: 
Temp: 75oF Feels Like: 76oF
Humid: 71% Dew Pt: 65oF
Barom: 29.98 Wind Dir: SW
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:32 Sunset: 8:12
As reported at DECATUR, IL at 10:00 AM
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Local Forecast
Dalton City, IL
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 83°F
Low: 70°F
Precip: 80%
High: 80°F
Low: 65°F
Precip: 80%
High: 85°F
Low: 64°F
Precip: 80%
High: 84°F
Low: 67°F
Precip: 0%
High: 75°F
Low: 68°F
Precip: 40%
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