Friday, February 5, 2010

Note: Corn Products in Chicago will close at midnight Friday, February 5, 2010 and will remain closed until 5AM Wednesday, February 10, 2010. CPC is closed for truck deliveries Monday and Tuesday next week.

Elburn Coop in Ottawa will be taking corn on Monday, February 8, 2010.
Elburn Coop in Morris will be taking corn on Monday , February 8, 2010 but, call first on soybeans.

In today’s trading, grain futures finished lower across the board. Lower outside stock and crude oil markets most of the day set the tone for grains. A stronger US dollar is also pressuring commodity prices. Mar corn finished down 2 ½ today and down 5 for the week. Mar soybeans closed down just ½ today and down ½ for the week. Jul Chicago wheat futures finished 1 ¾ lower for the day and even for the week.

National average on highway diesel fuel prices dropped 5.2 cents in this weeks report marking the third weekly decline in a row. Lower crude oil prices will likely continue this trend next week.


Have a great weekend!
Mike Etienne
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