Local Cash Bids
 
#2 YELLOW CORN
  Allied Grain
Futures Month Futures Price Basis Cash Price
 April  @C4K 503'4 Chart
 May  @C4K 503'4 Chart
 July  @C4N 509'4 Chart
 New Crop 2014  @C4Z 504'6 Chart

#1 YELLOW SOYBEANS
  Allied Grain
Futures Month Futures Price Basis Cash Price
 April  @S4K 1474'0 Chart
 May  @S4K 1474'0 Chart
 July  @S4N 1472'4 Chart
 New Crop 2014  @S4X 1229'0 Chart

Price as of 04/24/14 08:00PM CDT.
Month Symbols
Click to view more Cash Bids

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 14 501'2 503'6 501'0 503'4 2'2 501'2 07:48P Chart for @C4K Options for @C4K
Jul 14 507'0 509'6 506'6 509'4 2'2 507'2 07:50P Chart for @C4N Options for @C4N
Sep 14 505'0 507'2 504'6 507'0 2'0 505'0 07:50P Chart for @C4U Options for @C4U
Dec 14 502'6 504'6 502'6 504'6 2'0 502'6 07:48P Chart for @C4Z Options for @C4Z
Mar 15 510'4 512'6 510'4 512'2 1'4 510'6 07:49P Chart for @C5H Options for @C5H
May 15 516'4 519'0 516'4 519'0 2'2 516'6 07:49P Chart for @C5K Options for @C5K
Jul 15 522'0 522'6 522'0 522'0 0'0 522'0 07:48P Chart for @C5N Options for @C5N
Sep 15 503'0 503'0 503'0 503'0 0'4 502'4 07:48P Chart for @C5U Options for @C5U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 14 1472'0 1475'6 1472'0 1474'0 2'0 1472'0 07:49P Chart for @S4K Options for @S4K
Jul 14 1470'2 1474'0 1470'0 1472'2 2'2 1470'0 07:50P Chart for @S4N Options for @S4N
Aug 14 1409'4 1411'4 1409'2 1411'4 2'0 1409'4 07:50P Chart for @S4Q Options for @S4Q
Sep 14 1290'2 1291'0 1289'0 1290'2 0'0 1290'2 07:50P Chart for @S4U Options for @S4U
Nov 14 1230'0 1230'6 1227'2 1229'2 -1'6 1231'0 07:48P Chart for @S4X Options for @S4X
Jan 15 1237'0 1236'6 Chart for @S5F Options for @S5F
Mar 15 1241'4 1241'2 Chart for @S5H Options for @S5H
May 15 1245'4 1245'2 Chart for @S5K Options for @S5K
LH - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
May 14 122.550 123.000 122.550 123.000 - 1.075 122.900s 01:11P Chart for LH4K Options for LH4K
Jun 14 127.500 127.500 125.400 125.500 - 0.700 125.550s 01:11P Chart for LH4M Options for LH4M
Jul 14 123.800 124.750 123.700 123.950 - 0.050 123.950s 01:11P Chart for LH4N Options for LH4N
LC - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Apr 14 143.950 144.250 143.750 144.250 0.325 144.250s 01:11P Chart for LC4J Options for LC4J
Jun 14 135.300 135.850 135.125 135.850 0.750 135.850s 01:11P Chart for LC4M Options for LC4M
Aug 14 134.200 134.925 134.150 134.925 0.700 134.900s 01:11P Chart for LC4Q Options for LC4Q
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN/PF Renewable Fuels
Latest DTN/PF Renewable Fuels News
Wednesday, April 23, 2014 12:17PM CDT
News pertaining to the ethanol industry.

Thursday, February 27, 2014 3:31PM CDT



Announcements
 

Beginning MONDAY APRIL 14, 2014
Allied Grain's Shipping and Receiving will be shut down for approximatly 3 weeks due to elevator maintainence.

Our Office and Marketing will not be affected.
 

Morning Calls

CORN: The markets are seeing a dead cat bounce today as open interest report confirms yesterday's sell off was liquidation (corn open interest fell over 10k contracts, wheat down 4k, beans & soyoil down almost 3k, meal down ~4k and even oats down 200 contracts). Corn planting number at 6% was not as big as the 9% that the trade expected but many expect this number to jump next week with some windows of opportunity to run in the southern Midwest. Next rain system will be Wed/Thurs favoring the northern Midwest while the next major system is not until Sun-Tues (chance of snow even  according to one model). Corn basis levels are mostly steady to firmer with the futures break choking off any old crop selling. Ethanol values were supportive yesterday despite the break in corn. Export news is quiet other than S. Korea tenders for 60k tons of option origin corn for Oct arrival. Rail freight values are steady with spot BNSF bid $1,500 vs $2,000 offers (the offer side is down slightly from Monday). Look for consolidation today with resistance now in July corn toward $5.00-5.02.

WHEAT: Wheat is bouncing slightly after yesterday's break. Winter wheat conditions were unchanged on the G/E at 34% but the P/VP did grow by 1%. Much of the HRW belt with the exception of the southwestern parts of KS, OK and TX are to see moisture this week. Wheat Quality Tour kicks off next Monday in KS. US spring wheat planting is running 10% vs 19% avg. Iraq rejected all offers on their wheat citing prices as too high (Russian wheat was the lowest offer). Japan does tender for 108k tons of wheat this week (w/ 52k to come from US). Canada Stats is out Thursday morning with farmers looking to shift away from wheat to canola due to better returns (horrific wheat basis due to rail logistical nightmare). Avg trade guess on wheat plantings is 24.4 mln acres vs 26.25 mln acres last year. This should give some support to Mpls wheat. US wheat basis is steady to softer tone. Look for support in WN toward $6.60-6.65 area.

SOY-COMPLEX: Beans and the products are slightly firmer on Turn Around Tuesday trade. Cool/wet weather in US has soybean planting running a little behind normal in the South (AR is 12% planted vs 48% avg, MS is 14% planted vs 26% avg). There is talk about more Argentine soymeal cargoes being sold into the US. Something to watch though is so far protein level of Argentine crop is running low. Hence it might difficult for Argentine soymeal to meet protein contract specs into the US or Europe. Interior US soybean basis is holding steady to firmer. Reportedly BNSF to put out a new rail rate for beans into St Louis but not published yet. In other news China's Ministry of Commerce raised their estimate of soybean imports in April will be 6.9 mmt (253 mln bu) vs earlier forecast of 5.11 mmt (188 mln bu) as they dropped their March import # from 5.69 mmt to 4.12 mmt (151 mln bu). Canadian farmers will be planting more canola & soybeans this spring instead of wheat & corn. Canola plantings expected to be 21.1 mln acres vs 19.9 mln last year while soybean plantings to be 4.8 mln vs 4.5 mln a year ago. May/July soybean spread continues to hover in a 10-14 cent range while soybean & soyoil receipts continue to be canceled.


Local Conditions
Blomkest, MN
Chg Zip Code: 
Temp: 52oF Feels Like: 52oF
Humid: 72% Dew Pt: 43oF
Barom: 29.7 Wind Dir: NW
Cond: N/A Wind Spd: 7 mph
Sunrise: 6:18 Sunset: 8:17
As reported at OLIVIA, MN at 7:00 PM
 
Local Radar
Blomkest, MN
Radar
 
Local Forecast
Blomkest, MN

Friday

Saturday

Sunday

Monday

Tuesday
High: 63°F
Low: 35°F
Precip: 0%
High: 55°F
Low: 37°F
Precip: 36%
High: 58°F
Low: 45°F
Precip: 80%
High: 56°F
Low: 46°F
Precip: 60%
High: 54°F
Low: 41°F
Precip: 50%
View complete Local Weather

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DTN Daily Video

DTN Crops News
Wednesday, April 23, 2014 6:41AM CDT
Cool, wet weather in parts of the Corn Belt means growers may need to revisit DTN Contributing Agronomist Dan Davidson's thoughts on how corn deals with wet, cold soils.

Monday, April 21, 2014 12:52PM CDT
A scan of crop news finds research underway to make wheat varieties that are more heat tolerant and disease resistant. Syngenta is launching a technology that extracts more ethanol from corn, and Beck's Hybrids has announced a multi-million-dollar expansion.

Monday, April 21, 2014 7:00AM CDT
Mixing multiple herbicides and other crop protection ingredients requires thought and using the proper order when it comes to getting a compatible mixture.


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