Friday Closing Comments (5-17) Warm, dry weather forecasts for the Midwest corn belt and the wheat growing areas of both Russia and China triggered the buying today. Funds purchased up to 4000 contracts of each, corn and wheat in a moderate volume trade. It appears the best chance for rain is this weekend in the corn belt and then a high pressure ridge will dominate the southern half of the corn belt through the last week of May. This kind of weather forecast has already caused analysts to back off their record yield forecasts for the 2012 corn crop. CN, coupled with the high basis values have taken the flat price levels to the producers back to the highs and has generated some cash selling as this was the first day in a while that Chicago saw a pickup in commercial selling. For the week, CN gained 54 cents and CZ was 32 cents higher. WN gained nearly a $1 for the week. The outside markets were on the quiet side today as the U.S. dollar is mostly unchanged while crude oil down a $1. Oil has fallen nearly $15 this month in the June contract. The soy complex under selling pressure today even with the funds seen as modest buyers. It appeared that it was either new/old spreading or simply an exit from the SN after the recent Chinese business. The fact that China is selling bean out of their government reserve stocks also has to be a factor in the overall weakness in the complex. What also might become a trade issue is the U.S. Commerce Dept. ordering tariffs on Chinese solar panels imported into the U.S. An overall fear of a slowdown in the Chinese economy also a factor. Unlike corn, soybean producer selling remained very quiet today. SN ended the week by only losing 1 cent while the SX lost 33 cents. Comments from Mid-Co Commodities Have a Good Weekend and Be Careful! Congratulations to Graduating Seniors (High School & College) & Good Luck!

	Local Cash Bids
	loading...   May June July Fall Jan 13 Fall 13 STANFORD CORN Cash Price Basis Futures Month @C2N @C2N @C2N @C2Z @C3H @C3Z   BEANS Cash Price Basis Futures Month @S2N @S2N @S2N @S2X @S3F @S3X   WHEAT Cash Price           Basis           Futures Month     @W2N
	Price as of 05/19/12 07:59PM CDT. Month Symbols
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	@C - CORN - CBOT Month Open High Low Last Change Time More Jul 12 622'6 638'4 619'4 635'4s 10'4 Sep 12 537'2 551'6 532'4 546'4s 8'0 Dec 12 527'2 542'4 522'0 537'0s 8'6 Mar 13 535'0 552'2 533'4 546'4s 7'2 May 13 543'6 560'0 541'6 557'0s 9'6 Jul 13 551'2 567'0 550'4 563'4s 8'6 Sep 13 542'0 553'0 542'0 547'2s 4'0 Dec 13 534'0 546'0 532'0 539'0s 1'0 @S - SOYBEANS - CBOT Month Open High Low Last Change Time More Jul 12 1435'0 1438'6 1405'0 1405'0s -33'0 Aug 12 1400'6 1409'6 1379'4 1381'0s -24'2 Sep 12 1345'2 1355'0 1326'4 1327'0s -20'4 Nov 12 1304'0 1317'4 1288'2 1288'0s -18'4 Jan 13 1302'0 1314'2 1286'6 1286'0s -18'0 Mar 13 1275'4 1287'0 1260'0 1259'4s -16'0 May 13 1252'0 1272'6 1245'2 1242'6s -18'0 Jul 13 1258'6 1270'4 1244'0 1241'0s -18'2 @W - WHEAT - CBOT Month Open High Low Last Change Time More Jul 12 656'6 697'4 652'4 695'2s 37'4 05/18 Sep 12 668'0 707'4 664'2 703'0s 33'4 05/18 Dec 12 687'0 725'2 683'4 720'0s 31'2 05/18 Mar 13 702'0 738'0 699'0 733'0s 29'4 05/18 May 13 710'0 743'6 710'0 739'2s 27'2 05/18 Jul 13 713'4 744'0 712'4 740'2s 26'2 05/18 +DJ - DJ INDUSTRIAL AVERAGE - CBOT Month Open High Low Last Change Time More Jun 12 12420.00 12477.00 12320.00 12335.00s - 78.00 05/18 Sep 12 0.00 0.00 0.00 12264.00s - 78.00 05/18 Dec 12 0.00 0.00 0.00 12184.00s - 78.00 05/18 @DX - US DOLLAR INDEX - ICEFU Month Open High Low Last Change Time More Jun 12 81.650 81.930 81.155 81.424s - 0.116 05/18 Sep 12 81.925 82.195 81.620 81.764s - 0.116 05/18 Dec 12 0.000 0.000 0.000 82.074s - 0.116 05/18 EB - BRENT CRUDE - ICEFE Month Open High Low Last Change Time More Jul 12 106.75 107.99 106.40 107.31s - 0.18 05/18 Aug 12 106.40 107.38 105.88 106.67s - 0.29 05/18 Sep 12 105.96 106.80 105.42 105.60s - 0.86 05/18 My Custom Markets Symbol Open High Low Last Change Time More

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