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

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

WHEAT
  Bethany
Cash Price
 July 2019  Chart

Price as of 06/24/19 09:09PM CDT.
Month Symbols
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Daily Commentary
Please join us in wishing Jerry Rowe a happy and fulfilling retirement.  Jerry has been in the grain business for 42 years.  The last 32 have been as General Manager of Heritage Grain Cooperative in Dalton City.

There will be a retirement party for Jerry on June 23rd.  At the Willow Ridge Winery Westervelt, IL , starting at 2PM. All are welcome!

http://www.willowridgewinery.com

The Board of Heritage Grain asks you to join us in seeing Jerry off on his retirement.

June 20th, 2019

Corn
Despite trading lower in the overnight session, corn futures rebounded to end the day mostly higher as fresh buying emerged on wet U.S. weather. As of midday, funds were estimated to have bought approximately 11,000 contracts of corn. Rain is forecast for the Midwest the balance of the week, as well as this weekend and the beginning of next week, keeping many fields saturated. However, the midday weather model reduced expected precipitation amounts for IL, IN & OH from previous models while MN, IA and far western and southern IL still show chances for high precipitation totals. Weekly U.S. export sales were disappointing this morning at only 1.5 mln. bu. U.S. corn sales the last three weeks have totaled a dismal 7.9 mln. bu. Moving forward, corn exports need to average roughly 22 mln. bu. per week the balance of the marketing year to reach USDA’s 18/19 export forecast. Talk has been circulating that corn imports pencil into Wilmington NC and Mobile AL out of South America, so traders will be monitoring that situation moving forward. While corn production remains a serious concern in the U.S., this is not the case in the world market as Brazil, Argentina, and Ukraine (3 of the world’s leading corn producing countries) all expect record corn crops this year. Current projections suggest that between these three countries, they will add nearly 2 bln. bu. of corn to the world supply this year. On a positive note, USDA announced a flash sale of 122,000 tons of corn sold to Mexico. 52,000 tons was slotted for 18/19 and 70,000 tons for 19/20.
 
Soybeans
Soybean futures were the market leader today, closing mostly double digits higher. Buying interest resurfaced as existing wet conditions coupled with a forecast for rains off and on over the next seven days, which will likely continue to disrupt soybean
planting was deemed friendly. As of midday, funds were estimated to have bought 8,000 contracts of beans. Monday will bring the trade’s next look at U.S. soybean planting progress & the first bean condition report of the season, while next Friday will bring the updated U.S. stocks and acreage reports. The trade will be looking for hints on what final acreage may be. Although, with planting taking place past the normal data collection period, the full extent of prevent plant acres likely won’t be known until this fall. Weekly U.S. soybean export sales were solid this morning at 21.0 mln. bu. Outstanding bean sales to China will likely determine if USDA’s annual 18/19 export projection can be met as their outstanding sales total 6 MMT. If the majority of those sales ship, USDA’s projection should be met and possibly exceeded. However, if they do not and are rolled forward/ cancelled, it is estimated sales will need to average roughly 12 -13 mln. bu./ wk. the balance of the marketing year. Recent news indicates Chinese buyers have asked to postpone shipments of 2 MMT of beans scheduled to ship Jul/Aug due to limited storage capacity. In other export news, USDA reported this morning that 189,000 tons of beans were sold to unknown. Of that total, 126,000 tons were scheduled for 18/19 and 63,000 tons for 19/20.

Have a good night!!!
 
 

Headline News
Pompeo in Saudi Arabia Amid Tensions 06/24 06:41
Germany Seeks Iran De-escalation 06/24 06:48
Doctors: Climate Change is Emergency 06/24 06:37
Mexico Detains Migrants in Crackdown 06/24 06:44
Dems Face Fundrasing Deadline, Debates 06/24 06:47
Biden: 'Dreamers' Should be Citizens 06/24 06:40
Taliban Threaten Afghan Media 06/24 06:43
US Stock Indexes Close Mixed 06/24 16:16

DTN Market News
2019 Spring Wheat Acres Down: What Did Get Planted Went in Late
DTN Early Word Grains 06/24 06:07
DTN Midday Grain Comments 06/24 11:45
DTN Closing Grain Comments 06/24 13:41
DTN Cattle Close/Trends 06/24 15:35
DTN Early Word Opening Livestock 06/24 06:22
DTN Midday Livestock Comments 06/24 12:07
DTN Closing Livestock Comment 06/24 15:46
DTN Chart Technical Points 06/24 18:54
US Direct Feeder Pigs 06/17

DTN Ag Headline News
Pests of the Week
Many Wet-Condition Crop Concerns Ahead
DDG Weekly Update
Corn Export Sales Bearish
Soybean Seed Leftovers
USDA Moves PP Haying Date
US Propane Stocks Rise
View From the Cab
Kub's Den

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 19 451'0 453'0 449'2 449'4 2'6 446'6 08:58P Chart for @C9N Options for @C9N
Sep 19 455'6 457'6 454'6 455'0 3'2 451'6 08:58P Chart for @C9U Options for @C9U
Dec 19 461'0 463'0 460'0 460'0 2'6 457'2 08:58P Chart for @C9Z Options for @C9Z
Mar 20 466'2 467'6 464'6 464'6 1'6 463'0 08:58P Chart for @C0H Options for @C0H
May 20 468'0 468'6 466'4 466'4 1'2 465'2 08:57P Chart for @C0K Options for @C0K
Jul 20 467'2 469'4 467'2 468'0 1'2 466'6 08:57P Chart for @C0N Options for @C0N
Sep 20 426'6 427'6 426'6 427'4 0'6 426'6 08:45P Chart for @C0U Options for @C0U
Dec 20 417'4 419'4 417'4 418'4 0'4 418'0 08:55P Chart for @C0Z Options for @C0Z
Mar 21 428'0 428'0 428'0 428'0 1'0 427'0 08:45P Chart for @C1H Options for @C1H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 19 915'0 917'6 912'4 913'6 4'6 909'0 08:58P Chart for @S9N Options for @S9N
Aug 19 920'4 923'0 918'2 919'0 4'2 914'6 08:58P Chart for @S9Q Options for @S9Q
Sep 19 926'6 929'0 924'2 924'6 4'2 920'4 08:58P Chart for @S9U Options for @S9U
Nov 19 938'6 941'2 936'0 936'2 3'4 932'6 08:58P Chart for @S9X Options for @S9X
Jan 20 950'6 953'0 948'4 948'4 3'0 945'4 08:58P Chart for @S0F Options for @S0F
Mar 20 956'0 957'6 954'0 954'0 2'0 952'0 08:58P Chart for @S0H Options for @S0H
May 20 961'4 962'0 958'6 958'6 1'4 957'2 08:58P Chart for @S0K Options for @S0K
Jul 20 967'6 968'4 964'4 964'4 1'2 963'2 08:58P Chart for @S0N Options for @S0N
Aug 20 963'0 964'6 962'2 964'6 5'6 963'4s 08:51P Chart for @S0Q Options for @S0Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 19 540'2 543'2 538'6 539'4 1'4 538'0 08:58P Chart for @W9N Options for @W9N
Sep 19 545'0 547'6 542'6 543'4 1'0 542'4 08:58P Chart for @W9U Options for @W9U
Dec 19 555'0 557'2 553'0 553'2 0'6 552'4 08:58P Chart for @W9Z Options for @W9Z
Mar 20 563'0 566'2 563'0 564'4 2'2 562'2 08:58P Chart for @W0H Options for @W0H
May 20 565'4 567'0 565'2 565'2 1'0 564'2 08:58P Chart for @W0K Options for @W0K
Jul 20 559'6 562'0 559'6 560'2 1'4 558'6 08:58P Chart for @W0N Options for @W0N
Sep 20 554'2 563'4 554'2 562'0 8'2 564'0s 08:58P Chart for @W0U Options for @W0U
Dec 20 575'0 575'0 575'0 575'0 0'6 574'2 08:58P Chart for @W0Z Options for @W0Z
Mar 21 583'4 583'4 583'0 583'0 2'2 580'6 08:58P Chart for @W1H Options for @W1H
@ZG - Not Authorized - ICEFU
Month Open High Low Last Change Close Time More
Jun 19 Chart for @ZG9M Options for @ZG9M
Jul 19 Chart for @ZG9N Options for @ZG9N
Aug 19 Chart for @ZG9Q Options for @ZG9Q
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Jul 19 467'6 470'2 467'6 467'6 2'2 465'4 08:58P Chart for @KW9N Options for @KW9N
Sep 19 480'0 483'0 479'4 479'6 2'2 477'4 08:58P Chart for @KW9U Options for @KW9U
Dec 19 501'4 503'6 501'2 502'0 3'0 499'0 08:58P Chart for @KW9Z Options for @KW9Z
SP - S&P 500 INDEX - CME
Month Open High Low Last Change Close Time More
Sep 19 2955.50 2959.50 2949.50 2952.00 1.50 2952.10s 03:15P Chart for SP9U Options for SP9U
Dec 19 2956.50 1.30 2952.80s 03:15P Chart for SP9Z Options for SP9Z
Mar 20 2815.70 1.30 2953.80s 03:15P Chart for SP0H Options for SP0H
My Custom Markets
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Local Conditions
Dalton City, IL
Chg Zip Code: 
Temp: 74oF Feels Like: 74oF
Humid: 57% Dew Pt: 58oF
Barom: 29.76 Wind Dir: W
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:28 Sunset: 8:27
As reported at DECATUR, IL at 8:00 PM
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Local Forecast
Dalton City, IL
Chg Zip:

Tuesday

Wednesday

Thursday

Friday

Saturday
High: 85°F
Low: 61°F
Precip: 0%
High: 86°F
Low: 66°F
Precip: 80%
High: 87°F
Low: 67°F
Precip: 80%
High: 87°F
Low: 68°F
Precip: 20%
High: 88°F
Low: 68°F
Precip: 0%
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