Market News    Click here for the    Weather, Futures,    Real-Time Quotes,    Research, and more...    Home    Management Team    Mgmt Notes / News    Market Commentary    Daily Grain Prices    Locations    Services:      >Trucking      >Feed      >Agronomy      >Grain Dept.      >Lumber Dept.    Weather    Classifieds    History of Top-Ag    Board of Directors    Useful Links    Admin Page Would you like market prices sent to your cell phone daily? We can text the markets to you 3 times a day to help keep you aware of market direction. And it’s FREE!! Contact Scott, Mike, or Seth at 618-243-5293 to get set up. Market Commentary by TopAg.net: (Daily Grain Prices Below) Date: March 15, 2010 Headline: Closing Grain Comments Comments: Markets opened higher on Sunday night, supported by wet & cool weather forecasts. Gains proved short-lived, however, & grains soon turned lower along with sagging crude oil futures as the US dollar rebounded. This morning's USDA announcement that S Korea had bought 10.826 mb of US corn & National Oilseed Processors Assn data that reported its members had crushed a record-high 148.351 mb of beans during February corn lifted grains higher when markets re-opened at 9:30 am. When USDA released its Weekly Grain Export Inspections at 10 am, disappointing wheat exports weighed on all the grains. Wheat stayed on the defensive thereafter, but corn & beans traded on both sides of unchanged for the balance of the session. May corn futures settled 1c lower, May soybeans closed 4.5c higher, & May CBOT wheat dropped 6c Monday. Rapid snow melt has residents along the Red River Valley bracing for flooding conditions to within 3 ft. of last year's damage levels. Mid-day weather maps also hinted of the potential for 5-10" of snow in the NW Corn Belt by the weekend, keeping traders reluctant to push prices lower in late trading. This afternoon's NWS 8-14 day weather maps for March 23-29 kept below-normal temps for NE Montana, the Dakotas, Minnesota & NW Wisconsin, but promised mostly normal rain expectations there. Cool, wet conditions for the Southeast & East Coast should keep Southern planters in the shed, too. Below-normal rain projections & mostly normal temps from the southern Ohio River Valley thru the southern Plains may allow some drying in our region. Overall, little fieldwork looks to get accomplished in the Corn Belt for at least the next couple weeks. Weekly Export Inspections were slightly better than expected for corn (36.522 vs 31-36 mb), slightly below trade guesses for soybeans (31.495 mb vs 32-38 mb), & disappointing for wheat (9.167 mb vs 14-20 mb) for the week ended March 11th. Japan, S Korea & Mexico accounted for nearly 2/3 of the corn shipments & China took 42% of the soybeans. China still has about 62 mb of US soybeans on the books which haven't yet been shipped. We look for them to take delivery of most of those purchases. Soft red winter wheat shipments were again dismal last week at just 389,000 bu. USDA has projected US SRW wheat exports will decline 42.7% compared to last year, & that trend is intact. NOPA soybean data was friendly this morning. Sept-February soybean crush was record-high. Corn & wheat basis levels were unchanged this afternoon, but soybean basis gave back the 6.5c that was gained on Friday. Erratic day-to-day moves in soybean bids are indicative of the feast-&-famine nature of demand with the Brazilian soybean harvest now approaching half completed. Would you like CBOT futures prices reported to your phone? Top Ag can send you nearby & harvest futures prices for corn, soybeans & wheat at 9:45 am, 11:15 am & 1:45 pm each day. We provide the service for free, but you may have to pay for text messages--depending upon your phone plan. Give Scott, Mike or Seth a call at the Okawville elevator at 243-5293 & we'll get you set up! "Closing Comments" are written by David Marshall, Toay Commodities Futures Group LLC, Nashville, IL. To learn more about his farm marketing advisory or commodity brokerage services, contact him at dmarshall@tcfg-llc.com or call (618) 327-4370 (voice/fax) or (618) 314-0918 (cell). This commentary is not intended for specific trading strategies. We strive to insure this information is reliable, but we cannot guarantee its accuracy or completeness. Commodity trading involves risks. You should fully understand those risks before trading. Your Daily Grain Prices for : 3/16/10 Commodity/Location Cash Price New Crop Jan. 2011 Wheat: Addieville $ 3.71 $ X.xx $ X.xx Mascoutah same as above same as above same as above Okawville same as above same as above same as above Pierron same as above same as above same as above St. Libory same as above same as above same as above Trenton same as above same as above same as above Corn: Addieville $ 3.41 $ 3.53 $ 3.62 Okawville same as above same as above same as above Pierron same as above same as above same as above St. Libory same as above same as above same as above Trenton same as above same as above same as above Soybeans: Addieville $ 9.41 $ 8.73 $ 8.99 Okawville same as above same as above same as above Pierron same as above same as above same as above St. Libory same as above same as above same as above Trenton same as above same as above same as above PRICES ARE SUBJECT TO CHANGE WITHOUT NOTICE. PLEASE CONTACT SCOTT, MIKE or SETH FOR PRICE QUOTES FOR DIRECT DELIVERY TO RIVER TERMINALS or PICKED UP AT YOUR BIN or FIELD. CALL US WITH YOUR PRICING OFFERS!!!! Powered by: Hi-Tek Solutions, Highland, IL. Webmaster: Keith Wineinger.