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  Dewey Tolono
CORN SOYBEANS CORN SOYBEANS WHEAT, SRW
Price (+,-) Price (+,-) Price (+,-) Price (+,-) Price (+,-)
4/30/14
1'6
Chart
10'4
Chart
1'6
Chart
10'4
Chart
-13'6
Chart
7/31/14                
-14'4
Chart
10/31/14
0'2
Chart
5'4
Chart
0'2
Chart
5'4
Chart    
11/30/14
0'2
Chart
5'4
Chart
0'2
Chart
5'4
Chart    
1/31/15
1'4
Chart
5'6
Chart
1'4
Chart
5'6
Chart    
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 14 497'4 501'2 497'4 499'2 1'6 497'4 04:22A Chart for @C4K Options for @C4K
Jul 14 503'4 507'0 503'2 505'0 1'4 503'4 04:22A Chart for @C4N Options for @C4N
Sep 14 500'6 503'4 500'4 501'4 0'6 500'6 04:22A Chart for @C4U Options for @C4U
Dec 14 499'0 501'4 498'6 499'2 0'2 499'0 04:22A Chart for @C4Z Options for @C4Z
Mar 15 506'4 509'0 506'4 508'0 1'4 506'4 04:21A Chart for @C5H Options for @C5H
May 15 511'6 514'2 511'6 514'2 2'2 512'0 04:22A Chart for @C5K Options for @C5K
Jul 15 516'6 518'2 516'6 518'2 2'0 516'2 04:22A Chart for @C5N Options for @C5N
Sep 15 500'0 502'0 500'0 501'0 -0'2 501'2 04:22A Chart for @C5U Options for @C5U
Dec 15 494'0 495'0 493'4 493'4 -0'4 494'0 04:21A Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 14 1518'0 1531'6 1517'6 1529'2 10'4 1518'6 04:22A Chart for @S4K Options for @S4K
Jul 14 1507'2 1521'0 1506'4 1518'2 9'4 1508'6 04:22A Chart for @S4N Options for @S4N
Aug 14 1421'2 1434'0 1421'2 1431'0 7'0 1424'0 04:22A Chart for @S4Q Options for @S4Q
Sep 14 1300'0 1310'2 1300'0 1308'2 8'4 1299'6 04:22A Chart for @S4U Options for @S4U
Nov 14 1235'4 1244'4 1234'4 1242'6 5'4 1237'2 04:22A Chart for @S4X Options for @S4X
Jan 15 1239'2 1249'2 1239'2 1248'0 5'6 1242'2 04:22A Chart for @S5F Options for @S5F
Mar 15 1243'2 1253'0 1243'2 1253'0 7'0 1246'0 04:22A Chart for @S5H Options for @S5H
May 15 1256'0 1256'2 1253'4 1254'4 4'6 1249'6 04:22A Chart for @S5K Options for @S5K
Jul 15 1255'0 1259'6 1255'0 1259'6 5'0 1254'6 04:22A Chart for @S5N Options for @S5N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 14 687'6 698'0 686'4 692'6 4'6 688'0 04:21A Chart for @W4K Options for @W4K
Jul 14 695'2 705'0 693'2 699'6 4'4 695'2 04:21A Chart for @W4N Options for @W4N
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Jun 14 16294.00 16302.00 16281.00 16296.00 - 35.00 16331.00 04:22A Chart for +DJ4M Options for +DJ4M
Sep 14 16125.00 129.00 16259.00s 04/16 Chart for +DJ4U Options for +DJ4U
Dec 14 16184.00 129.00 16184.00s 04/16 Chart for +DJ4Z Options for +DJ4Z
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Videos
 02:51
4/16/2014 Improved Eastern Corn Belt Forecast Wednesday
 03:03
4/16/2014 Beans Stay Higher Wednesday
 01:23
4/16/2014 Robust Soy Trend Wednesday
 03:28
4/11/20014 Weather Outlook

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This Day In History
April 17, 1864
Battle of Plymouth, NC

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Quote of the Day


"I don't think necessity is the mother of invention - invention, in my opinion, arises directly from idleness, possibly also from laziness. To save oneself trouble."

~ Agatha Christie (1890 - 1976),  Mystery Author



ANNOUNCEMENTS

ATTENTION!
Premier’s Elevator at Sidney will be closed from March 31st through
April 13th
for a major maintenance project. If you need to deliver grain in that time frame, please contact Tom Sinder and make arrangements. We apologize for the inconvenience, but to keep our facilities operating properly we need to perform major maintenance occasionally.

ATTENTION:
Does making a profitable sale now with UNLIMITED UPSIDE
potential, if the market rallies, sound good to you?
  Call us about the FOUNDATION contract.
Kurt- Sidney  688-2307
Tom- Tolono  485-6630
Maynard- Dewey 897-1111

PLEASE BE AWARE:
In light of recent developments we have re-evaluated our policy regarding acceptance of corn with traits that are not approved for worldwide consumption. To protect access for all Premier members to all available markets we will NOT be accepting Duracade® corn grown in 2014. A letter will be sent to all patrons the week of March 3, 2014 to further explain Premier’s position.

GRAIN FROM BINS
Corn & Soybeans delivered now
are eligible for FREE DP through Aug 31, 2014
 

 
 

Local Radar
Tolono, IL
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Conditions
Tolono, IL
Chg Zip Code: 
Temp: 34oF Feels Like: 29oF
Humid: 79% Dew Pt: 28oF
Barom: 30.18 Wind Dir: SE
Cond: N/A Wind Spd: 6 mph
Sunrise: 6:11 Sunset: 7:33
As reported at CHAMPAIGN/URBANA, IL at 4:00 AM
View complete Local Weather

Premier Market Comments Video
Close Comments 4/16/2014  3:30 pm
 












>




 
WYXY CLASSIC MORNING COMMENTS 4/14/2014
 
 
 

DTN Ag Headline News
West Blast Victims Remembered
Agricultural Adventure
Kub's Den
View From the Cab
Brazil's Ports Remain Orderly
Corn-on-Corn Penalty
DTN Retail Fertilizer Trends
USDA Weekly Crop Progress
Market Mover

DTN Grain News
DTN Early Word Grains 04/16 05:56
DTN Midday Grain Comments 04/16 11:34
DTN Closing Grain Comments 04/16 13:51
DTN National HRS Index 04/16
Portland Grain Review 04/15
Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Wed, April 16
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, April 16
USDA Daily Market Rates 04/16 06:47

MARKET COMMENTS

~~Market Comments: 4/16/2014

Afternoon Market Highlights
4/16/2014 1:57:58 PM
Highlights
Ag markets will be closed Thursday night and Friday, in observance of the Good Friday Holiday.  Markets will resume trade on Sunday night at 7PM CDT. The western part of the Midwest braces for yet another spring snowstorm today and tomorrow, while the eastern Corn Belt awaits another rain event this week. The energy markets are mostly lower this afternoon with crude showing steady to a slight gain. 
Corn
The corn market traded lower on expectations for improving weather conditions next week, allowing planting progress to move along fairly well. As of this morning the funds held an estimated net long position of 196,000 corn contracts.  I would venture to guess that we saw a run of profit-taking today, against the long holiday weekend and talk of increased corn plantings next week. May closed down 6 ¼ cents at $4.97 ½, July closed down 6 ¼ cents at $5.03 ½ and the December closed down 4 ¼ cents at $4.99.
• Growers in the western part of the Midwest anxiously await warmer weather conditions next week, so that they can get some fieldwork or planting done.
• Weekly export sales estimates are 550tmt to 1.0tmt.  Actual numbers are released tomorrow morning.
• Weekly ethanol production was reported at 939,000 barrels per day, up 43,000 barrels.
 
 
Oilseeds
The soybean complex traded higher on tight old crop stocks, commercial buying and lack of grower selling. Rumors today consisted of Argentine soymeal cargoes heading to US ports (could be as many as eight cargoes).  The May closed up 17 ½ cents at $15.18 ¾, July closed up 21 ¼ cents at $15.08 ¾ and the November closed up 8 ¼ cents at $12.37 ¼.  US soybean products and Canadian canola markets traded higher on tight stocks and in sympathy with the soybean market.
• The May beans climbed to a new contract high of $15.22 ¾ but failed to hold there or push through to higher levels. .
• Weekly export sales estimates are 165tmt-450tm for beans, 150tmt-300tmt for meal and 0tmt-60tm for soyoil. The bean estimate includes an estimated 100tmt for 2013-14.
Wheat
The wheat market started out on the positive side on another night of cold temperatures in the winter wheat areas. Prices waned on weakness in the corn market, but the bigger push to the downside was a round of profit-taking on the recent two-day rally.  Chicago May closed down 13 ¾ cents at $6.88, KC May closed down 11 cents at $7.54 ½ and the Mpls May closed down 12 cents at $7.26 ½. 
• Concerns are still in place over conditions and quality of the HRW and SRW crops after the fairly cold temperatures the past couple of days, although recent maps suggest better moisture is on the way now through early next week..
• Weekly export sales estimates are 250tmt-625tmt.
• The Mpls K/N closed at an 8 ¼ carry and the Kansas City K/N finished out at a 6 cent carry.
 
 
Financial News
• In a policy speech delivered today to the Economic Club of New York, Fed Chair Janet Yellen said rates would remain low as long as employment and inflation objectives were not being met. Namely, inflation is roughly a point below the 2% target, and the unemployment rate remains about a point higher than the FOMC estimate of a rate consistent with full employment. She went on to estimate that it would take at least two years to reach those goals. Equity markets responded with a rally. In afternoon trade, the Dow was up 142, the S&P was up 16, and the NASDAQ was up 39.
• Chinese Q1 GDP was 7.4%, slightly ahead of estimates for 7.3%. That’s a slowdown from the revised 7.7% seen in Q4. Industrial Production and Retail Sales data were also reported, and were generally supportive. Industrial production was +8.8% y/y for March, an improvement over the 8.6% rate seen in February. Retail sales were +12.2% y/y in March, also an improvement from the February rate which was +11.8%. Despite the headline GDP slowdown, Chinese leadership will likely remain comfortable with the direction-tolerating a GDP slowdown (as long as it is not too severe) in exchange for structural reforms (shift from investment to consumption).
• EU inflation in March was unrevised from the flash estimate of +0.5% y/y. That flash number was surprisingly low and accelerated Europe’s “lowflation” discussion.
• U.S. Housing Starts were 946K in March, up from the revised 920K in February, but short of the 965K expected.
• U.S. Industrial Production was +0.7% m/m in March, down from the +1.2% rate seen in February, but ahead of expectations for +0.4%.


Overnight the markets traded mixed with corn trading lower while soybeans and wheat traded higher. Currently Corn is trading 1-2 lower, soybeans 15-19 higher, and wheat 1-2 higher. The outside markets are firmer this morning with crude oil trading higher, gold higher, and the dollar lower.

IN OTHER NEWS:
Wednesday, April 16th, 2014
• UK customs data showed UK imports of 82,009 MT of wheat and 172,150 MT of corn in the month of February.  MYTD wheat imports are now 1.55 mmt, down from 1.87 mmt LY; corn imports are now 1.61 mmt, up from 1.11 mmt LY.
• China’s NBS estimated 2014 China wheat planted acreage to fall by 0.56% Y/Y
• China sold 16.87% of the 625,929 MT of wheat reserves offered at auction, up slightly from the 16.29% purchased last week.  Average trading price rose 7 yuan/ton to 2,378 yuan/ton.
• Cargill said they expect the merger of its flour mill operations with those of ConAgra Foods to be finalized in 6-8 weeks after it clears regulatory hurdles.  The combined entity will be called Ardent Mills was announced in March 2013.
• Mosaic Co said on Tuesday it would buy ADM’s fertilizer distribution business in Brazil and Paraguay for $350 mil.  Mosaic will acquire four blending and warehousing facilities in Brazil, one facility in Paraguay and additional warehousing and logistics service capabilities.
• S Africa imported yellow corn from Russia for the first time in a decade after shipping 29,021 MT in the week ending 4/11 according to the Pretoria based S. African Grain Information Service.  S Africas first imports of yellow corn in almost 2 years started 3/21 when they bought 13,842 MT from Ukraine.
• Spring grain planting in Russia as of 4/14 was 6.4% complete or 2.1 mil ha, some 800,000 ha more than this time last year. 
• A private Maltese buyer has tendered for 6,000 MT of opt origin corn for May/June shipment.  Corn is expected to be sourced from Bulgaria or Romania.
• Jordan bought 150,000 MT of opt origin wheat at $295/ton C&F for July/Aug.
• March NOPA crush was 153.8 mbu vs 146.1 mbu expected.
• China 1Q GDP grew by 7.4%, down from the 7.7% growth seen in 4Q 2013.
• Weekly EIA data out at 9:30 am Chicago time
• Markets are closed Friday for Good Friday
• Dalian Closes:  Corn (May):  $9.74 (-$0.02); Soybeans (Sept):  $19.10 (+$0.04)
• CIF Corn:  65K (+5) at UNQ
• CIF Soybeans:  68K (UNC) at 73K
• CIF SRW:  66K (UNC) at 73K
• Barge Freight:  360% at 370% (-10%)
• Dollar index:  79.73 (-0.06)
• Crude Oil:  104.78 (+1.03)


Market Movers:

USDA Weekly USDA EXPORT SALES Thursday 4/17/2014 @ 7:30 am
Weekly USDA EXPORT INSPECTIONS Monday 4/21/2014 @ 10:00 am
USDA CROP PROGRESS Monday 4/21/2014 @ 3:00 PM


HAVE A PREMIER DAY

The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.

~~Market Comments: 4/16/2014

Afternoon Market Highlights
4/16/2014 1:57:58 PM
Highlights
Ag markets will be closed Thursday night and Friday, in observance of the Good Friday Holiday.  Markets will resume trade on Sunday night at 7PM CDT. The western part of the Midwest braces for yet another spring snowstorm today and tomorrow, while the eastern Corn Belt awaits another rain event this week. The energy markets are mostly lower this afternoon with crude showing steady to a slight gain. 
Corn
The corn market traded lower on expectations for improving weather conditions next week, allowing planting progress to move along fairly well. As of this morning the funds held an estimated net long position of 196,000 corn contracts.  I would venture to guess that we saw a run of profit-taking today, against the long holiday weekend and talk of increased corn plantings next week. May closed down 6 ¼ cents at $4.97 ½, July closed down 6 ¼ cents at $5.03 ½ and the December closed down 4 ¼ cents at $4.99.
• Growers in the western part of the Midwest anxiously await warmer weather conditions next week, so that they can get some fieldwork or planting done.
• Weekly export sales estimates are 550tmt to 1.0tmt.  Actual numbers are released tomorrow morning.
• Weekly ethanol production was reported at 939,000 barrels per day, up 43,000 barrels.
 
 
Oilseeds
The soybean complex traded higher on tight old crop stocks, commercial buying and lack of grower selling. Rumors today consisted of Argentine soymeal cargoes heading to US ports (could be as many as eight cargoes).  The May closed up 17 ½ cents at $15.18 ¾, July closed up 21 ¼ cents at $15.08 ¾ and the November closed up 8 ¼ cents at $12.37 ¼.  US soybean products and Canadian canola markets traded higher on tight stocks and in sympathy with the soybean market.
• The May beans climbed to a new contract high of $15.22 ¾ but failed to hold there or push through to higher levels. .
• Weekly export sales estimates are 165tmt-450tm for beans, 150tmt-300tmt for meal and 0tmt-60tm for soyoil. The bean estimate includes an estimated 100tmt for 2013-14.
Wheat
The wheat market started out on the positive side on another night of cold temperatures in the winter wheat areas. Prices waned on weakness in the corn market, but the bigger push to the downside was a round of profit-taking on the recent two-day rally.  Chicago May closed down 13 ¾ cents at $6.88, KC May closed down 11 cents at $7.54 ½ and the Mpls May closed down 12 cents at $7.26 ½. 
• Concerns are still in place over conditions and quality of the HRW and SRW crops after the fairly cold temperatures the past couple of days, although recent maps suggest better moisture is on the way now through early next week..
• Weekly export sales estimates are 250tmt-625tmt.
• The Mpls K/N closed at an 8 ¼ carry and the Kansas City K/N finished out at a 6 cent carry.
 
 
Financial News
• In a policy speech delivered today to the Economic Club of New York, Fed Chair Janet Yellen said rates would remain low as long as employment and inflation objectives were not being met. Namely, inflation is roughly a point below the 2% target, and the unemployment rate remains about a point higher than the FOMC estimate of a rate consistent with full employment. She went on to estimate that it would take at least two years to reach those goals. Equity markets responded with a rally. In afternoon trade, the Dow was up 142, the S&P was up 16, and the NASDAQ was up 39.
• Chinese Q1 GDP was 7.4%, slightly ahead of estimates for 7.3%. That’s a slowdown from the revised 7.7% seen in Q4. Industrial Production and Retail Sales data were also reported, and were generally supportive. Industrial production was +8.8% y/y for March, an improvement over the 8.6% rate seen in February. Retail sales were +12.2% y/y in March, also an improvement from the February rate which was +11.8%. Despite the headline GDP slowdown, Chinese leadership will likely remain comfortable with the direction-tolerating a GDP slowdown (as long as it is not too severe) in exchange for structural reforms (shift from investment to consumption).
• EU inflation in March was unrevised from the flash estimate of +0.5% y/y. That flash number was surprisingly low and accelerated Europe’s “lowflation” discussion.
• U.S. Housing Starts were 946K in March, up from the revised 920K in February, but short of the 965K expected.
• U.S. Industrial Production was +0.7% m/m in March, down from the +1.2% rate seen in February, but ahead of expectations for +0.4%.


Market Movers:

USDA Weekly USDA EXPORT SALES Thursday 4/17/2014 @ 7:30 am
Weekly USDA EXPORT INSPECTIONS Monday 4/21/2014 @ 10:00 am
USDA CROP PROGRESS Monday 4/21/2014 @ 3:00 PM


HAVE A PREMIER DAY

The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.

 


   

 
The future prices and elevator bids on this web site are delayed. For the current bids please check with your local elevator. 
Premier Cooperative's bids are alway subject to change without notice from this web site.
 

 
 
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