Daily Grain Comments

For those hauling grain to Ottawa, the 15 ton weight limit continues to be in place on the IL 23 bridge over Buck Creek just north of Ottawa. This issue will likely be with us for several weeks if not months. IDOT engineers are currently working on plans to repair the bridge but, it will take some time.

Corn futures were slightly lower, soybeans a little higher and wheat sharply lower in today’s trading. Dec corn finished down 2 ½ cents today but, was 16 cents higher for the week. Nov soybeans finished 6 ½ cents higher today but, down 15 cents since last Friday’s close. Dec Chicago wheat futures finished 23 ¼ cents lower as continued talk of CFTC’s recommendation to implement variable storage rates and plentiful world supplies pressured prices.

On highway diesel fuel prices dropped a little more than a cent for the third week in a row. Continued relatively strong supplies of crude oil and petroleum products against weak demand should continue to hold prices in check. Crude oil traded substantially lower this week.

Have a great weekend!
Mike Etienne