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CORN
  Dalton City Bethany
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SOYBEANS
  Dalton City Bethany
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WHEAT
  Bethany
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Price as of 07/04/09 05:26PM CDT.
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Daily Commentary

7-2-2009

TGIT!  The overnight markets were lower.  Corn was called down 4-6, beans down 10-15, and wheat down 3-5 cents.  Most markets around the country were negative today and the grains felt that pressure as well.  I guess traders didn't want to go home overly exposed before the holiday weekend.  Weekly exports were pretty good in both beans and corn today.  But those numbers were ignored.  The Dollar was higher all day, which kept pressure on most worldwide commodities.  Crude oil was down more than $2/bbl, trading below $67.  Gold was down about $10/oz.  The Dow Jones was down about 210 points, on more bad unemployment numbers released this morning.  Alot of technical selling near the end of the day.  Funds were big sellers of about 9000 corn, 4000 beans, and 3000 wheat contracts on the day.  The weather is still favorable for crop development.  Informa came out with their USDA supply and demand estimates.  They have corn yield for the country at 156.3 bpa, vs the USDA's June number of 153.4 bpa.  Their bean estimate is 42.0, vs the USDA's of 42.6 bpa.  Those numbers were seen as negative as well.  Nearby cash bean basis weakened a dime this afternoon as the new crop-old crop bean spreads narrowed.  If the markets are to come back,  we are going to need some serious weather scares and we need them fast.


Notice!!! The CBOT and the offices of Heritage Grain will be closed on Friday, July 3rd in honor of Independence Day.  Normal hours will resume on Monday.

Have a good weekend and a Happy Independence Day!!! 

Cory


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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: 
 
Radar
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Futures
C - CORN - CBOT
Month Open High Low Last Change Time More
Jul 345'6s -6'0 07/02
Sep 345'6s -10'6 07/02
Dec 357'4s -11'6 07/02
Mar 371'0s -11'4 07/02
May 380'4s -11'4 07/02
Jul 389'6s -12'0 07/02
@C - CORN - CBOT
Month Open High Low Last Change Time More
Jul 345'6s -6'0 07/02
Sep 345'6s -10'6 07/03
Dec 357'4s -11'6 07/03
Mar 371'0s -11'4 07/02
May 380'4s -11'4 07/02
Jul 389'6s -12'0 07/02
S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Jul 1243'0s -15'4 07/02
Aug 1154'0s -6'4 07/02
Sep 1061'0s -7'4 07/02
Nov 1006'0s -9'4 07/02
Jan 1007'6s -9'6 07/02
Mar 1001'0s -10'0 07/02
@S - SOYBEANS - CBOT
Month Open High Low Last Change Time More
Jul 1243'0s -15'4 07/02
Aug 1154'0s -6'4 07/02
Sep 1061'0s -7'4 07/02
Nov 1006'0s -9'4 07/03
Jan 1007'6s -9'6 07/02
Mar 1001'0s -10'0 07/02
W - WHEAT - CBOT
Month Open High Low Last Change Time More
Jul 500'2s -6'0 07/02
Sep 529'0s -6'4 07/02
Dec 555'0s -6'4 07/02
Mar 572'6s -6'6 07/02
@W - WHEAT - CBOT
Month Open High Low Last Change Time More
Jul 500'2s -6'0 07/02
Sep 529'0s -6'4 07/02
Dec 555'0s -6'4 07/02
My Custom Markets
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Local Conditions
Dalton City, IL
Chg Zip Code: 
Temp: 66oF Feels Like: 66oF
Humid: 93% Dew Pt: 64oF
Barom: 29.86 Wind Dir: E
Cond: Rain Wind Spd: 14 mph
Sunrise: 5:32 Sunset: 8:27
As reported at DECATUR, IL at 5:00 PM
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Dalton City, IL
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High: 71oF
Low: 64oF
High: 77oF
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