Friday, February 26, 2010

Note: Corn Products in Chicago will close at midnight Friday, February 26, 2010 and will re-open 5AM Monday, March 1, 2010.

Elburn Coop in Morris will be open for corn and soybeans on Monday, March 1, 2010
Elburn Coop in Ottawa will be open for corn on Monday, March 1, 2010.

Elburn Coop in Ottawa finished up our 2nd Non-GMO corn barge today and moved on to regular corn and will continue receiving corn next week.

In today’s trading, grain futures were higher across the board. End of month fund buying contributed to raising futures today. Outside markets were also supportive as crude oil, gold, and stocks all finished in positive territory. Mar corn finished up 5 ¾ today and up 18 for the week. Mar soybeans closed up 9 ½ today and up 6 for the week. Jul Chicago wheat futures finished 15 higher for the day and up 14 ½ for the week.

National average on highway diesel fuel prices rose 7.6 cents in this weeks report reversing 5 weeks of declines. Higher crude oil of late has supported the increase though distillate stocks remain historically high.

Have a great weekend!
Mike Etienne
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