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Local Cash Bids
 
Estherville, IA   Basis Cash  
 Corn  May 08  
   July 08  
   Oct 08  
   Jan09  
Jewell, IA   Basis Cash  
 Corn  May 08  
   July 08  
   Oct 08  
   Jan 09  
Loogootee, IN   Basis Cash  
 Corn  May 08  
   July 08  
   Oct 08  
   Jan 09  

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Quotes
 
@C - CORN - CBOT
  Last Chg
May 597'6 0'2
Jul 605'4 -1'6
Sep 618'0 -1'4
 
@S - SOYBEANS - CBOT
  Last Chg
May 1381'4 7'0
Jul 1384'2 4'6
Aug 1380'0 5'4
 
@SM - SOYBEAN MEAL - CBOT
  Last Chg
May
Jul 349'0 -1'2
Aug 348'8 -'4
 
LH - LEAN HOGS - CME
  Last Chg
May 82.250s 1.775
Jun 77.675s 0.650

Quote of the Day


"Managing is like holding a dove in your hand. Squeeze to hard and you kill it; not hard enough and it flies away."

~ Tommy Lasorda,  Former LA Dodger's Manager


 
Ask the Taxman by Andy Biebl
5/13 1:26 PM
Readers pose questions to DTN's agricultural tax authority, CPA Andy Biebl. This time, Andy addresses why a five-year-old farmer might raise red flags with IRS, how good intentions don't count and why you should use caution when deferring grain sales strictly for tax purposes.
Worm Watch Continues
5/13 11:25 AM
Moth flights and larvae sightings show that growers in Missouri, southern Illinois, southern Indiana, Kentucky and Tennessee should remain vigilant for cutworm and armyworm outbreaks throughout the month. Kansas wheat fields also are primed for insect damage.
Resuscitate CRP Rental Rates
5/12 2:39 PM
Landowners with subpar CRP payment rates want double-digit increases to better match the market. Last year, national cash rent escalated 14 times faster than CRP adjustments. Cash-strapped USDA is struggling to comply.
Corn Inspections Bearish
5/12 2:37 PM
The weekly export inspections report for corn should be considered bearish, while soybean inspections were bullish and wheat inspections were bearish or neutral, according to DTN Analyst Elaine Kub.

Local Conditions
Jackson, MN
Chg Zip Code: 
Temp: 48oF Feels Like: 42oF
Humid: 71% Dew Pt: 39oF
Barom: 29.97 Wind Dir: NW
Cond: Cloudy Wind Spd: 16 mph
Sunrise: 5:55 Sunset: 8:37
As reported at JACKSON, MN at 4:00 AM
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Local Radar
Jackson, MN
Chg Zip Code: 
 
Local Radar
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Local Forecast
Jackson, MN
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Wednesday

Thursday

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Sunday
Hi: 66oF
Lo: 41oF
Hi: 66oF
Lo: 46oF
Hi: 71oF
Lo: 48oF
Hi: 74oF
Lo: 54oF
Hi: 72oF
Lo: 55oF
View complete Local Weather

 
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DTN Top Stories

Lawmakers will examine language on the farm bill while seeing if the legislation can still make it to the floor for a full vote as early as Wednesday. See DTN Ag News. 7^Full Story...

Readers pose questions to DTN's agricultural tax authority, CPA Andy Biebl. This time, Andy addresses why a five-year-old farmer might raise red flags with IRS, how good intentions don't count and why you should use caution when deferring grain sales strictly for tax purposes. See DTN Ag News. 1^Full Story...

Despite continued cold, wet conditions, Brad Lindstrom of Illinois and Dan Pedersen of Iowa have managed to get a good portion of fieldwork done over the last week. See DTN Ag News. BFull Story...

President Bush wants to veto the farm bill and John McCain has declared he is against the legislation, but those declarations may not keep Republicans in line when they vote on the bill this week. See DTN Ag News. 4^Full Story...

With a potential vote in the House as early as Wednesday, there are questions about just how much pressure will be put on Republican congressmen to oppose the bill. See DTN Ag News. BFull Story...


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DTN Market Matters Blog
Harvest Corn Price Muddle
Pat Hill (Bio)
DTN Markets Blogger

A recent DTN Morning Snapshot email survey asked, "Given the slow pace of this spring's corn planting progress, what do you expect the high for Dec corn to be at harvest?" [Read and Comment on Full Blog]

Posted at 12:49PM
Tue May 13, 2008 CDT

 
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