As this page is opened or refreshed, cash prices are current, based on the 10-minute delay CBOT quotes listed below. Cash prices reflect the electronic trade, including the overnight trade.
Grain price info
Beginning May 20, trading hours will be expanded. On Sunday, the markets will open at 5:00 pm. Monday-Friday, the market will open at 6:00 pm. Trade will continue until the close at 4:00 pm. (The market will only be closed for 2 hours, from 4:00 pm to 6:00 pm) Corn price limits - 40 cents; soybean price limits - 70 cents. Daily price limits can expand twice, by approximately 50% each time, when the price of two or more futures contract months within the same crop year closes at the limit (up or down): when the daily limit conditions are met, expanded limits on the 1st day would be corn 60 cents, wheat 90 cents, and beans $1.05; expanded limits on the 2nd day would be corn 90 cents, wheat $1.35, and beans $1.60. Daily price limits for these commodities will revert to their previous levels when no futures contract month for that commodity closes at limit bid or limit offer that day. Electronic trade opens at 6:00 pm and closes at 7:15 am; daytime electronic and open outcry trades from 9:30 am to 1:15 weekdays.
Futures
@C - CORN - CBOT
Month
Last
High
Low
Change
Open
Time
More
Jul 12
635'4s
638'4
619'4
10'4
622'6
Sep 12
546'4s
551'6
532'4
8'0
537'2
Dec 12
537'0s
542'4
522'0
8'6
527'2
Mar 13
546'4s
552'2
533'4
7'2
535'0
May 13
557'0s
560'0
541'6
9'6
543'6
Jul 13
563'4s
567'0
550'4
8'6
551'2
@S - SOYBEANS - CBOT
Month
Last
High
Low
Change
Open
Time
More
Jul 12
1405'0s
1438'6
1405'0
-33'0
1435'0
Aug 12
1381'0s
1409'6
1379'4
-24'2
1400'6
Sep 12
1327'0s
1355'0
1326'4
-20'4
1345'2
Nov 12
1288'0s
1317'4
1288'2
-18'4
1304'0
Jan 13
1286'0s
1314'2
1286'6
-18'0
1302'0
Mar 13
1259'4s
1287'0
1260'0
-16'0
1275'4
May 13
1242'6s
1272'6
1245'2
-18'0
1252'0
Jul 13
1241'0s
1270'4
1244'0
-18'2
1258'6
@W - WHEAT - CBOT
Month
Last
High
Low
Change
Open
Time
More
Jul 12
695'2s
697'4
652'4
37'4
656'6
05/18
Sep 12
703'0s
707'4
664'2
33'4
668'0
05/18
Dec 12
720'0s
725'2
683'4
31'2
687'0
05/18
DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month
Last
High
Low
Change
Open
Time
More
Jun 12
12335.00s
12465.00
12320.00
- 78.00
12465.00
05/18
Sep 12
12264.00s
0.00
0.00
- 78.00
0.00
05/18
Dec 12
12184.00s
0.00
0.00
- 78.00
0.00
05/18
My Custom Markets
Symbol
Last
High
Low
Change
Open
Time
More
Decatur direct
For our customers hauling direct to Decatur
ADM - Monday 05/21/12
Corn: 6am-2pm
Beans: 6am-4pm Hours are subject to change; please confirm Monday 04/16/12
Agrisure Viptera™ - Topflight Grain is asking that you please notify us if you are growing corn with the Agrisure Viptera™ trait.Topflight Grain will take corn with this trait; However, it is most imperative that we get this corn adequately separated from other corn within our system. The concern revolves around the fact that this trait is NOT approved for China and is not approved for food or feed usage in the EU. Corn processors in our area have stated they will NOT take corn with this trait for fear it will end up in their DDG products shipped to China. Topflight Grain is asking that you please let us know if you are growing corn with this trait so a.) we know how much to plan for, b.) we can be sure we are shipping it to approved destinations. We are not there yet, but testing may occur to inbound corn if necessary at the processor (which will reject) and elevator (we just need to separate it from other corn) levels. Let’s try to work together to make this situation be as easy as possible for everyone. Thank you!!
Morning Comments
May 18 7:45 am
Good Morning.
Old corn up 4, new up 3, old beans down 6, new down 4. Crude unchanged, dollar unchanged, Dow up 40, gold up 16.00.
Grain markets mixed this morning with little in the way of new grain news. Corn firmer this morning with support coming from a very strong cash market at the Gulf yesterday. Soybeans finding some profit taking after trading up 43 cents on the week yesterday. Midwest weather will likely get more scrutiny from the trade next week as we enter into what looks like a warmer and drier pattern than we have seen so far this spring.
North American Outlook: Precipitation was not seen in the major grain areas, the 3 day NWS forecast shows heavy precipitation in NW and to a lesser extent the central and SW grain areas. Temperatures are normal for the first half of the forecast period, normal to below for the second half in the western grain areas, normal to above in the eastern areas.
Weekly export sales for Corn and Soybeans came in on the low end of estimates yesterday but both continue to run ahead of the five year average for sales on this date. Corn sales now stand at 87.7% of the total USDA estimate vs. the five year average for this date of 85.7% . Soybean sales stand at 98.1% of the total USDA estimate vs., the five year average for this date of 96.8%.
The Argentine government lowered its forecast for 2011/12 Soybean production to 41.5 mmt. vs. the previous estimate of 42.9 mmt. and compares to 48.9 mmt. produced last year. They also lowered their estimate for 2011/12 Corn production to 20.1 mmt. vs. the previous estimate of 20.3 mmt. and compares to last year's crop of 22.7 mmt. The Agriculture Ministry issued its first estimate for 2012/12 wheat planting at 4.0 million hectares vs. 4.6 million last year.
The National Corn Growers is asking federal regulators to implement a 30 day waiting period before allowing the CME to expand grain trading hours.
At the international grains conference in Singapore the director of the Midwest Shippers Association said bulk grain exports from the US Pacific Northwest are likely to rise by almost 60% to 30 mmt. in about five years. He noted all the major companies are upgrading infrastructure at the ports and Bunge recently built a new $200 million grain terminal.
India is considering wheat exports to Iran, a government source said on Friday, as New Delhi hopes to boost exports to the sanctions-hit nation to help settle part of its oil imports bill through a bilateral mechanism. An Iranian trade delegation will come to India next week to discuss wheat exports, the source added, without elaborating on the likely payment mechanism for sales to Iran.
Early calls are mixed.
Have a great day!
Adam Jackson
Grain Originator :: Topflight Grain Cooperative, Inc.
420 W. Marion :: Monticello, Illinois
phone :: (217) 762-2163
email :: ajackson@topflightgrain.com
web :: www.topflightgrain.com
Evening comments
Good Friday Afternoon.
Old corn up 10, new up 9, old beans down 33, new down 19, wheat up 38.
Uncertain World weather triggered additional short covering in wheat today. Warm and dry US Midwest forecast offered support to corn. Crude and stocks traded lower. Gold closed higher. Grains continue to be pushed and pulled depending upon World economic news, China news and weather. CME will start new electronic 21 hour trading on Sunday at 5:00 pm ct.
Have a great weekend!
Adam Jackson
Grain Originator :: Topflight Grain Cooperative, Inc.
420 W. Marion :: Monticello, Illinois
phone :: (217) 762-2163
email :: ajackson@topflightgrain.com
web :: www.topflightgrain.com
