Novelty, Missouri
Hwy 156 East
Novelty, Missouri 63460 

Phone
TEL: 1-800-678-3323
TEL: 1-660-739-4329

    Manager 
Tim Caldwell


Fax
1-660-739-4325
Bids*
Updated 5/23/13 3:03PM
YELLOW CORN (QBC)
Date
Futures
Basis
Opt
Cash
05/23/13 - 06/15/13
6.5925
46.00
N
7.0525
06/16/13 - 06/30/13
6.5925
44.00
N
7.0325
10/01/13 - 11/30/13
5.315
-10.75
Z
5.2075

YELLOW SOYBEANS (QBS)
Date
Futures
Basis
Opt
Cash
05/23/13 - 06/15/13
14.1225
102.50
Q
15.1475
06/16/13 - 06/30/13
14.1225
97.50
Q
15.0975
10/01/13 - 11/30/13
12.4525
-21.00
X
12.2425

SOFT RED WINTER WHEAT (QBW)
Date
Futures
Basis
Opt
Cash
05/23/13 - 06/15/13
7.06
-30.25
N
6.7575
06/16/13 - 07/31/13
7.06
-30.25
N
6.7575

* Any information is subject to change with out notice. All information posted here is subject to final confirmation by ADM. Please contact this location at the above number to confirm posted Information.
Market Intelligence
ADMIS Daily Grain Commentary
ADMIS Closing Ag Comments
SN finished up only 5c near 14.99. CN closed up 3c near 6.62. WN closed up 14c near 7.03. Talk of weak commodity markets and increase farmer selling offered resistance. Crude, Copper and Livestock were down, while Gold & Silver were up today.
About ADMIS Daily Grain Commentary
Marketing Partners Advisory
MPA 5/20/13 Conference Call Recap
Discussion items from the weekly conference call of the recommendations group of Marketing Partners Advisory include the following.

1. Technically the wheat markets are showing signs of being oversold. Conversely the old crop months in soybeans are noticeably overbought. The corn futures market is in a rather neutral position but does have a remaining price gap above the market from late March/early April.
2. Weather has generally been supportive of northern hemisphere planting progress. We will note the continuing dryness in the Volga Valley. In the US the weekly planting progress reports confirmed rapid advancement and germination. We also see anecdotal evidence germination rates are very good across the US.
3. There is little doubt the market is now engaged in a price discovery process largely linked to weather developments and the impact they will have on yield potential rather than planting progress. Some refer to this as the silly season as the market participants chase weather forecasts. We will remind clients past weather is equally important to yield considerations as is future weather. Good weather in the past allows the crop to withstand future stress easier and bad weather in the past makes it easier for the crop to become stressed as the growing season moves forward.
4. We continue to see projections of the lingering negative impact historically large South American soybean inventories will have on US soybean demand into the US new crop year.
5. The earliest US wheat harvest has begun as reports of SRW new crop harvest are beginning to surface.
6. Although the market has been abuzz over the spring rain events and late spring in the US and its impact on planting progress, we do not want to overlook the positive impact this has provided as well. Most areas of the US which needed moisture to recover from last summer’s drought have recovered in a meaningful manner with rain and/or snow events since January. We believe there is evidence of this in the positive germination rates for spring planted crops.
7. The current forecast continues to project generally weekly rain events for many of the US growing areas for the next few weeks. We view this as good news relative to production potential now that much of the later planting concerns may be behind the market.
8. We fully realize a significant number of US producers engage the utilization of revenue based crop insurance as their primary marketing/revenue/risk management alternative for much of the US growing season. However we do not want clients to overlook the fact that grain inventories still need to be marketed post settlement of crop insurance issues. This is why the longer term trend in the market is so important and producers should not become complacent with grain marketing issues even though the revenue based crop insurance issue provides some growing season revenue protection.


Best Regards – The Recommendations Group of Marketing Partners Advisory

About Marketing Partners Advisory
Jen Hogan
ADM - Benson Quinn
BQCI Morning Comments
Mixed trade with beans trading both sides of unchanged, corn generally weaker and wheat finding
support overnight. Export sales were solid across the board with big soymeal sales seen again this week, additionally the USDA flashed a
new crop bean sale of 115,000 tons to China for 2013/14 this morning. Domestic soybean basis remains under pre...

Corn
Mixed trade in corn with weaker outside markets
weighing on the overnight session before bouncing into
midday following stronger bean and wheat markets.
Producer selling improved for both old and new crop today
which offered some hedge pressure seeing corn close off
the day’s highs. Much like the flat price, spreads were
volatile as we...

Oilseeds
Today was not for the faint of heart as July beans and the
calendar spreads rallied sharply only to come crashing down by the
end of the day after reaching key psychological and technical
objectives. Pricing by the Chinese as government cracks down on
“closet lending” seems to have be driving force behind the day’s run
with trade also lo...

Hard Red Spring Wheat
US winter wheat futures rallied sharply as technical buying
and talk of SRW interest from China offered support. Basis levels
in HRW remain strong and seem willing to push the current
move. Weekly export sales were quite good with HRW making
up the bulk of the old crop. SRW basis levels are also firm, while
Mpls basis levels showed ...

About ADM - Benson Quinn
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Futures
CORN
Last:
Change:
High:
Low:
659'2
-2'6
661'6
658'4

SOYBEANS
Last:
Change:
High:
Low:
1491'4
-8'0
1505'6
1488'2

WHEAT
Last:
Change:
High:
Low:
706'0
2'6
707'4
700'6

* Futures composite price shown, delayed at least 10 minutes.
Weather for KIRKSVILLE, MOSee C°
Current Conditions
50º

Feels Like 50º
High 69º Low 45º

Radar
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