Tuesday Closing Comments (2-7) Corn futures closed slightly lower today. News, for the most part, continues to be lacking. In fact, the range today was only 6 cents. During the 2011 trading year, the average daily range for corn was nearly 20 cents. So by those standards, today would be considered a slow day. The market is expected to remain quiet ahead of the crop report on Thursday. The USDA will update demand figures, thus creating a new ending stocks number. The report is expected to be friendly with ending stocks estimates some 50 Mln. bu. lower than last month. Corn export demand is estimated to grow due to lower export potential out of Argentina. Argentina’s corn production is expected to drop to 22.5 MMT, from 26 MMT last month. Brazil’s corn crop is expected at 59.8 MMT, down from 61.0 MMT last month. The outside markets are still being closely watched as Greece works through more debt concern issues. The dollar did turn lower during the session on the prospects that Greece will get a new deal done. Supposedly they are currently drafting a new list of reforms to enable the receiving of their 130 Bln euro bailout package. Soybean futures finished marginally lower. Like corn, soybeans had a quiet day by today’s standards. The higher dollar was negative earlier, but when the outside markets recovered so did beans. The nearby contract had traded higher for 5 consecutive sessions so some profit taking was in order today. The USDA report on Thursday is expected to show bean ending stocks mostly unchanged. As for S. American production, estimates for Argentina production are 48 MMT, down from the Jan. number of 50.5 MMT. Brazil is expected to be 71.3 MMT vs. 74 MMT in January. The weather in S. American remains the same with more showers expected over the next few days. Bean futures are expected to remain choppy into the report. Wheat futures were weaker as the temps in the Black Sea region have begun to moderate. Extremely cold temps were viewed as a negative to wheat production there as some areas had limited snow cover. The wheat ending stocks number is expected to be unchanged from the previous report. Average U.S. ending stocks estimates for Thursday’s Supply and Demand report are as follows: Corn @ 791 mln. bu. vs. 846 mln. bu. in Jan. Beans @ 273 mln. bu. vs. 275 mln. bu. in Jan. Wheat @ 867 mln. bu. vs. 870 mln. bu. in Jan. Comments from Mid-Co Commodities Stanford Grain will be having a Market Outlook Meeting on Thursday, Feb. 23rd @ 8:00 a.m. at the Allin Twsp. Building. Curt Strubhar from Advance Trading will give the program.  We will also have someone from the McLean Co. FSA  there as well to give a short program and answer any questions about goverment programs. We are offering the Average Pricing Program once again this year.  It will begin Wed. March 7th and end Wed. June 27th. (17 weeks)  Call us if you have questions or want to sign up some bushels!

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	@C - CORN - CBOT Month Open High Low Last Change Time More Mar 12 642'0 642'2 641'2 642'2 0'0 06:31P May 12 647'4 648'0 646'6 647'2 -1'2 06:31P Jul 12 652'0 652'0 650'4 651'2 -1'2 06:31P Sep 12 597'4 597'4 596'2 596'2 -2'2 06:32P Dec 12 573'2 573'4 572'0 572'0 -3'2 06:32P Mar 13 584'2 584'4 584'0 584'2 -2'4 06:31P May 13 593'6s -6'2 06:31P Jul 13 595'6 595'6 595'6 595'6 -3'0 06:31P @S - SOYBEANS - CBOT Month Open High Low Last Change Time More Mar 12 1230'2 1231'2 1229'6 1231'0 -1'0 06:31P May 12 1239'0 1239'6 1238'6 1239'6 -1'2 06:32P Jul 12 1248'6 1249'2 1248'2 1248'4 -2'2 06:32P Aug 12 1249'0s -0'4 06:32P Sep 12 1243'4s 1'0 06:32P Nov 12 1239'4 1239'4 1237'4 1238'2 -3'0 06:31P Jan 13 1244'0 1244'0 1243'6 1243'6 -3'4 06:31P Mar 13 1248'6s 2'4 06:23P @W - WHEAT - CBOT Month Open High Low Last Change Time More Mar 12 662'0 665'2 661'2 664'0 1'6 06:31P May 12 672'0 674'0 670'6 674'0 1'6 06:31P Jul 12 684'6 686'0 682'4 686'0 1'2 06:31P Sep 12 699'0 700'6 699'0 699'0 -1'4 06:30P Dec 12 717'2 717'2 717'2 717'2 -1'4 06:31P Mar 13 733'0s -8'0 06:31P +DJ - DJ INDUSTRIAL AVERAGE - CBOT Month Open High Low Last Change Time More Mar 12 0.00 0.00 0.00 0.00 0.00 Jun 12 0.00 0.00 0.00 0.00 0.00 Sep 12 0.00 0.00 0.00 0.00 0.00 My Custom Markets Symbol Open High Low Last Change Time More

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