Friday, October 31, 2014  
 
 

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 372'6 375'6 368'0 373'0 -1'0 374'0 01:07P Chart for @C4Z Options for @C4Z
Mar 15 385'4 388'0 380'6 385'4 -1'4 387'0 01:08P Chart for @C5H Options for @C5H
May 15 394'0 396'6 389'4 394'0 -1'6 395'6 01:08P Chart for @C5K Options for @C5K
Jul 15 400'4 403'0 396'0 400'4 -2'0 402'4 01:08P Chart for @C5N Options for @C5N
Sep 15 407'0 408'6 402'4 406'2 -2'2 408'4 01:08P Chart for @C5U Options for @C5U
Dec 15 414'6 416'4 410'2 414'6 -1'6 416'4 01:08P Chart for @C5Z Options for @C5Z
Mar 16 425'0 425'0 418'6 423'2 -1'4 424'6 01:07P Chart for @C6H Options for @C6H
May 16 431'4 431'4 426'2 428'2 -2'6 431'0 01:06P Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 1023'0 1049'0 1012'2 1046'2 22'0 1024'2 01:07P Chart for @S4X Options for @S4X
Jan 15 1028'2 1051'4 1016'4 1048'4 18'6 1029'6 01:07P Chart for @S5F Options for @S5F
Mar 15 1034'2 1055'4 1023'0 1052'2 16'2 1036'0 01:07P Chart for @S5H Options for @S5H
May 15 1040'6 1060'6 1029'6 1057'4 15'0 1042'4 01:07P Chart for @S5K Options for @S5K
Jul 15 1047'2 1065'4 1035'0 1061'6 13'4 1048'2 01:07P Chart for @S5N Options for @S5N
Aug 15 1050'2 1064'2 1036'4 1062'6 13'6 1049'0 01:07P Chart for @S5Q Options for @S5Q
Sep 15 1032'6 1042'0 1019'0 1042'0 13'6 1028'2 01:07P Chart for @S5U Options for @S5U
Nov 15 1010'6 1028'0 1001'4 1025'6 13'6 1012'0 01:07P Chart for @S5X Options for @S5X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 536'0 539'0 523'0 527'2 -8'6 536'0 01:07P Chart for @W4Z Options for @W4Z
Mar 15 549'0 552'0 536'4 540'6 -8'2 549'0 01:07P Chart for @W5H Options for @W5H
May 15 558'0 559'0 544'4 548'0 -9'0 557'0 01:07P Chart for @W5K Options for @W5K
Jul 15 564'0 567'0 552'0 555'4 -9'2 564'6 01:07P Chart for @W5N Options for @W5N
Sep 15 576'0 577'0 563'0 564'6 -10'4 575'2 01:07P Chart for @W5U Options for @W5U
Dec 15 590'0 590'0 575'4 578'0 -9'4 587'4 01:06P Chart for @W5Z Options for @W5Z
SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Dec 14 3843 3940 3837 3939 139 3800 01:03P Chart for SM4Z Options for SM4Z
Jan 15 3590 3700 3570 3638 27 3611 12:49P Chart for SM5F Options for SM5F
Mar 15 3375 3480 3375 3433 8 3425 12:49P Chart for SM5H Options for SM5H
May 15 3250 - 88 3380s 10/30 Chart for SM5K Options for SM5K
Jul 15 3362 - 77 3387s 10/30 Chart for SM5N Options for SM5N
Aug 15 3260 - 68 3390s 10/30 Chart for SM5Q Options for SM5Q
LH - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Dec 14 87.250 88.300 87.200 88.000 0.800 87.200 01:00P Chart for LH4Z Options for LH4Z
Feb 15 86.750 88.050 86.750 88.050 1.100 86.950 12:59P Chart for LH5G Options for LH5G
Apr 15 87.500 89.150 87.500 89.150 1.100 88.050 12:59P Chart for LH5J Options for LH5J
LC - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 14 171.800 167.000 169.000 - 1.000 169.500s 12:20P Chart for LC4V Options for LC4V
Dec 14 167.450 167.750 165.500 166.100 - 1.225 167.325 12:59P Chart for LC4Z Options for LC4Z
Feb 15 167.500 167.800 165.600 166.100 - 1.375 167.475 12:59P Chart for LC5G Options for LC5G
FC - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Nov 14 234.150 234.150 234.150 234.150 - 0.075 234.225 12:59P Chart for FC4X Options for FC4X
Jan 15 229.600 230.700 228.000 228.450 - 0.025 228.475 01:02P Chart for FC5F Options for FC5F
Mar 15 225.150 226.000 225.150 225.725 - 0.375 226.100 01:01P Chart for FC5H Options for FC5H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Storage and Discounts
2014/2015 Corn and Soybean Storage and Discounts:
Patrons:
Effective September 1, 2014, UFC will implement the new corn and soybean charges and discounts that
accompany this letter. In the past, UFC and its management with the consent of the board of directors
would set a corn moisture discount per ½ pt of moisture, (last year 5 cents per 1/2pt or 10 cents per
point). UFC has, with management’s recommendation and the board of director’s consent, decided to
change from setting a pre-harvest discount on gross bushels to the new Dry/Shrink charges that are
becoming more common in today’s volatile market place. Under the new system, wet corn bushels will
be assessed a drying charge per 1 pt of moisture of 3.0 cents and wet bushels will be shrunk down to dry
bushels at a rate of 1.4% shrink per 1pt of moisture. Drying and hauling charges will be based off of wet
bushels, while storage/DP charges will be applied to dry bushels. How will the new corn moisture
discounts compare to years past: very similar to both the elevator and producer.

Example of the new discount and old one:
Producer hauls in 500 bu of 18% corn to be Sold at Fall price of $3.35

New Discount: Dry/Shrink 3 cents/pt                                           Old Discount: 10 cents/pt moisture
Drying charge of 9?/wet bu (3? x 3pts)                                        Moisture discount of 30?/bu
Shrink of 4.2% of bushels (1.4% x 3pts) = 21bu
Payment:                                                                                       Payment:
479 dry bu x $3.35 = $1,604.65                                                    500bu x $3.35 = $1,675
Drying Charge -$45.00                                                                  Moisture Disc -$150
Total Check amount: $1,559.65                                                     Total Check amount: $1,525.00

As you can see in the example above, the total economic impact of the new moisture discount program
will be negligible to both the producer and elevator. For those of you that grow NON-GMO corn,
premiums will be paid on dry bushels. Again, Drying and Hauling charges will be charged on wet bushels
as that is truly what is being handled, where storage/DP charges will be figured on dry bushels for the
same reason.
The new corn moisture Dry/Shrink will still provide the ability to average moisture out of the bin as grain
that averages dry enough, will not be assessed the corresponding drying charge. As typical for years
past, corn for sale will be discounted or dry/shrink down to 15.0% moisture, and corn for storage/DP will
go down to 14.0% moisture. For our patrons, the biggest change will be that of dry bushels being used
for payment vs gross (wet bushels) in the past.
Corn and Soybean Storage/Dp charges will be 18? this year for 90 days to reflect the stronger demand
for storage with record corn and soybean crops being projected. Grain space will be short throughout
much of the Midwest this fall and cash carrying charges continue to inch wider. We all look forward to
serving you this fall and wish everyone a SAFE and bountiful harvest.

2014 Soybean Storage rates and Discounts.

2014 Corn Storage rates and Discounts.

Cattle

Grazing Corn Stalks - click here.

Fall Pasture Management –
Plan Now For Faster Turnout This Spring

Pastures this green in October are unheard of. As this grass year continues it may be tempting to leave those cows out on grass or keep calves on their side and graze for a little while longer. As we do this, be sure to look ahead to next year and make sure we don’t hurt ourselves by grazing too long in the fall.
            Fall is when the plant will store carbohydrates and “hibernate” over the winter to generate new plant growth next spring. Leaf regrowth slows into fall as temperatures drop and the environment becomes unfavorable. While the leaf tissue dies during the winter, the buds and roots of the plant remain as living tissues and continue to use energy. If stored carbohydrates are insufficient, spring regrowth is reduced and can delay spring turnout.
            Utilization of fall grazing is important to lower winter feeding costs. But let’s make sure that continuing to graze fall pastures is not hurting us next spring. Look to some alternatives as corn stalk grazing and any stockpiled pastures that you may have.
Here are some tips to avoid overgrazing fall pastures.
  • For orchardgrass, graze the pastures no lower thatn 4 to 5 inches
  • For tall fescue and bluegrass pastures, leave a 3 to 4 inch stand.
Spring may be a few months off, but now is the time to start thinking about maximizing next year’s forage as well!
 
Resources from Rory Lewandowski, OSU Extension Educator, Wayne County

Let your Cows tell you what they need - click here.
Corn Silage - information.   

Promo
Fall Tub Booking

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Ursa 217-964-2111 844-UFC-CROP    Meyer 217-647-3215    Warsaw 217-256-4215    Bowen 217-842-5231    Loraine 217-938-4311    Camp Point 217-593-7722  Canton 573-288-0311   Wayland 660-754-6417   Gregory Landing   660-754-6411
 
 

Fall Hours


Fall Hours:
Open Monday - Friday  8am - 7pm
Open Saturday 8am - 12 noon. 
 

UFC open storage is full.  We are still offering DP, but no longer offering open storage. 
If you have questions please call your local location. 

 

Attention

Spot Grain Pricing
Effective June 1, 2014
  • All spot grain from elevator open to close will be priced at the 2:00 p.m. closing bid price.
  • Contracts will be written for any loads you want priced at any time during the day.
  • Grain hauled on day when CBOT is closed will be priced on previous closing bid.
    • Saturday/Sunday prices will be Friday’s closing bid.
     UFC had its regularly scheduled board meeting Tuesday September 16, 2014 at Ursa.  Joe Zumwalt (former President) and Alan Donley (former Vice President) both retired from the board.  We have two new board members being Charles Krueger from Kahoka, MO and Eric Cassens from Camp Point, IL.  Nominations were held at the beginning of this meeting with the following results:  Scott Wray – President, Ted Knorr – Vice President, Scott Rutledge – Secretary and Kevin Roskamp – Treasurer.  When you see these board members (retired and present) please take a moment to thank them for their service.  (UFC has a seven member board:  Scott Wray, Ted Knorr, Scott Rutledge, Kevin Roskamp, Roger Sutter, Charles Krueger and Eric Cassens) 

Local Cash Bids
River Bid Delivery Basis   Cash    
 Corn Chart Nov 15, 14    
  Chart Mar 31, 15    
  Chart Oct 31, 15    
 Soybeans Chart Nov 15, 14    
  Chart Dec 31, 14    
  Chart Oct 31, 15    
 Wheat Chart Nov 15, 14    
  Chart Jul 31, 15    
Price as of 10/31/14 01:18PM CDT.
Click to view more Cash Grain Prices

Local Conditions
Ursa, IL
Chg Zip Code: 
Temp: 40oF Feels Like: 30oF
Humid: 51% Dew Pt: 23oF
Barom: 30.37 Wind Dir: NNW
Cond: N/A Wind Spd: 20 mph
Sunrise: 7:32 Sunset: 6:03
As reported at QUINCY, IL at 12:00 PM
 
Local Radar
Illinois
Radar
 
Local Forecast
Ursa, IL

Friday

Saturday

Sunday

Monday

Tuesday
High: 47°F
Low: 32°F
Precip: 0%
High: 47°F
Low: 25°F
Precip: 0%
High: 53°F
Low: 31°F
Precip: 0%
High: 64°F
Low: 42°F
Precip: 30%
High: 55°F
Low: 46°F
Precip: 60%
View complete Local Weather
 
DTN Weather Summary
Rain, Snow around Great Lakes Friday
Bryce Anderson (Bio) – DTN Meteorologist

A light rain and snow mix along with windy conditions is in store for the eastern Midwest Friday, focusing on the Great Lakes. This combination will cause some disruptions in harvest and possible transportation issues. Dry conditions are in store elsewhere, offering good chances for harvest activity. Very cold conditions in northern and central areas will help drying for crops as well. » More DTN Weather Commentary

Posted at 5:48AM Fri Oct 31, 2014 CDT

This Day In History
October 31, 1968
President Johnson orders a halt to all bombing of North Vietnam

more info



Information
Link to CBOT options - click the option button to get option information
Link to Livestock Markets
Energies, Crude Oil, Gasoline, etc
Storage and DP Rates
Customer Exp Report
Corn Discounts
Soybean Discounts
Wheat Discounts
Growing Degree Days
Precision Technology Farming
Purina Web Site

Ag Partnership
Chaddock Agriculture Partnership
Chaddock has worked with producers and merchandisers across the state to make it easy to support Chaddock by donating a portion of their grain or livestock harvest to the capital campaign. Our greatest need is funding for a new school. 
The demand for Chaddock's unique services is increasing, and we have literally outgrown our current school. We've launched a $12 million building project that will allow us to increase the number of young people we serve. The goal is to have children walking into the new school for their first day of class in August 2016. 

This is a unique opportunity to make a real difference in the lives of innocent children for decades to come. 
Consider donating a portion of your grain or livestock harvest to our capital campaign.
http://www.chaddockagriculturalpartnership.org/ 


2014 Corn Yield
 
What is your actual corn yield vs APH (10-year average)
No Answer
20% above Normal
10% above Normal
Normal Yield
5% below Normal
10% below Normal
 

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