Wednesday, September 17, 2014  
 
 

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 343'2 344'2 339'2 341'0 -2'6 343'6 12:21P Chart for @C4Z Options for @C4Z
Mar 15 355'4 356'0 351'0 353'2 -2'2 355'4 12:21P Chart for @C5H Options for @C5H
May 15 364'0 364'2 359'4 361'6 -2'4 364'2 12:21P Chart for @C5K Options for @C5K
Jul 15 371'2 371'4 366'6 369'0 -2'2 371'2 12:21P Chart for @C5N Options for @C5N
Sep 15 378'0 378'0 375'0 377'0 -2'2 379'2 12:21P Chart for @C5U Options for @C5U
Dec 15 389'4 390'0 385'4 387'2 -2'6 390'0 12:21P Chart for @C5Z Options for @C5Z
Mar 16 399'0 399'0 394'6 395'4 -3'4 399'0 12:19P Chart for @C6H Options for @C6H
May 16 405'2 405'2 402'0 403'0 -2'2 405'2 12:19P Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 980'0 988'0 977'4 982'4 1'6 980'6 12:21P Chart for @S4X Options for @S4X
Jan 15 989'2 996'0 986'0 990'6 1'4 989'2 12:21P Chart for @S5F Options for @S5F
Mar 15 997'0 1004'0 994'0 998'6 1'6 997'0 12:21P Chart for @S5H Options for @S5H
May 15 1004'4 1012'2 1001'6 1006'4 1'6 1004'6 12:21P Chart for @S5K Options for @S5K
Jul 15 1009'4 1018'0 1008'4 1013'0 2'4 1010'4 12:21P Chart for @S5N Options for @S5N
Aug 15 1017'2 1017'2 1011'0 1015'0 2'4 1012'4 12:21P Chart for @S5Q Options for @S5Q
Sep 15 1002'2 1001'2 Chart for @S5U Options for @S5U
Nov 15 992'2 1000'0 991'2 996'6 3'2 993'4 12:21P Chart for @S5X Options for @S5X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 496'0 501'4 494'2 498'4 2'2 496'2 12:21P Chart for @W4Z Options for @W4Z
Mar 15 512'6 517'6 511'0 515'4 2'6 512'6 12:21P Chart for @W5H Options for @W5H
May 15 524'0 529'0 522'2 526'2 2'2 524'0 12:21P Chart for @W5K Options for @W5K
Jul 15 532'0 538'2 531'0 536'0 3'0 533'0 12:21P Chart for @W5N Options for @W5N
Sep 15 544'6 548'2 543'0 547'4 2'6 544'6 12:21P Chart for @W5U Options for @W5U
Dec 15 561'2 565'4 559'2 564'0 3'0 561'0 12:21P Chart for @W5Z Options for @W5Z
SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Oct 14 3385 3394 3376 3376 - 7 3383 10:52A Chart for SM4V Options for SM4V
Dec 14 3268 3270 3245 3260 - 1 3261 10:22A Chart for SM4Z Options for SM4Z
Jan 15 3248 3248 3230 3248 - 8 3227s 09/16 Chart for SM5F Options for SM5F
Mar 15 3232 - 6 3210s 09/16 Chart for SM5H Options for SM5H
May 15 3241 - 6 3222s 09/16 Chart for SM5K Options for SM5K
Jul 15 3240 3240 3240 3240 - 6 3243s 09/16 Chart for SM5N Options for SM5N
LH - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Oct 14 106.200 107.200 105.600 106.500 - 0.375 106.875 12:13P Chart for LH4V Options for LH4V
Dec 14 94.900 95.900 94.400 94.900 -1.025 95.925 11:38A Chart for LH4Z Options for LH4Z
Feb 15 92.750 92.750 92.000 92.750 -0.550 93.300 11:58A Chart for LH5G Options for LH5G
LC - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 14 156.600 157.750 156.500 156.600 0.400 156.200 11:30A Chart for LC4V Options for LC4V
Dec 14 159.400 160.700 159.200 160.350 1.475 158.875 12:10P Chart for LC4Z Options for LC4Z
Feb 15 160.000 161.000 160.000 160.750 1.500 159.250 11:28A Chart for LC5G Options for LC5G
FC - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Sep 14 229.475 229.600 Chart for FC4U Options for FC4U
Oct 14 225.875 225.875 Chart for FC4V Options for FC4V
Nov 14 223.775 223.775 Chart for FC4X Options for FC4X
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.

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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
 
 

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 Sep 19, 14    
  Chart Sep 30, 14    
  Chart Oct 31, 14    
  Chart Dec 31, 14    
  Chart Mar 31, 15    
 Soybeans Chart Sep 19, 14    
  Chart Sep 30, 14    
  Chart Oct 31, 14    
  Chart Dec 31, 14    
  Chart Jan 31, 15    
Price as of 09/17/14 12:32PM CDT.
Click to view more Cash Grain Prices

Local Conditions
Ursa, IL
Chg Zip Code: 
Temp: 62oF Feels Like: 62oF
Humid: 78% Dew Pt: 55oF
Barom: 29.99 Wind Dir: SSE
Cond: N/A Wind Spd: 10 mph
Sunrise: 6:47 Sunset: 7:10
As reported at QUINCY, IL at 12:00 PM
 
Local Radar
Illinois
Radar
 
Local Forecast
Ursa, IL

Wednesday

Thursday

Friday

Saturday

Sunday
High: 67°F
Low: 52°F
Precip: 80%
High: 72°F
Low: 54°F
Precip: 0%
High: 75°F
Low: 55°F
Precip: 0%
High: 81°F
Low: 65°F
Precip: 69%
High: 78°F
Low: 61°F
Precip: 65%
View complete Local Weather
 
DTN Weather Summary
U.S., Canada Crop Areas Dry Wednesday
Bryce Anderson (Bio) – DTN Meteorologist

A few rain showers are in store for southwestern Missouri Wednesday. Otherwise, dry conditions will cover the primary U.S. and Canadian Prairies crop regions. This combination favors row crop maturation along with row crop harvest in the eastern and southern Midwest, and wheat harvest in the northern crop areas, as well as winter wheat seeding in the Southern Plains. Rains from tropical storm Odile in Arizona and New Mexico have the potential to move into the southwestern Plains later this week. » More DTN Weather Commentary

Posted at 6:01AM Wed Sep 17, 2014 CDT

This Day In History
September 17, 1980
"Divine Madness" starring Bette Midler, premieres

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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

Yield Watch

http://www.roachag.com/yields

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/ 


Andrew Jansen
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2014 Corn Storage
 
What percentage of this year's corn crop could you store?
No Answer
Less than 25
From 26 to 50
From 51 to 75
From 76 to 100
I can store all my corn crop
 

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