Jan. 27th – Closing Agricultural Markets

January 27, 2012

BLACKBURN AGRI-MEDIA CLOSING MARKET REPORT:
Date: 01-27-12

On the Chicago Board of Trade:

Corn Futures:
March up 7 and a quarter at 6.41 and a half
May up 7 and a half at 6.47 and a half

Soybean Futures:
March down 3 and a half at 12.19
May down 3 and a half at 12.28 and a half

Wheat Futures:
March down 6 and a quarter at 6.47 and a quarter
May down 5 at 6.61 and a half

Oat Futures:
March down 2 at 2.98 and a half
May down 2 and a quarter at 3.00 and a half

Local Grain: From Thompson’s at Black’s Lane;

2011 CROP CORN = 30 under March = 6.12/BU
2012 CROP CORN = 60 under December = 5.11/BU

OLD CROP SOYS = 70 under March = 11.49/BU
2012 CROP SOYS = 90 under November = 11.32/BU

2011 CROP SOFT WHITE WINTER WHEAT = 10 under March = 6.37/BU
2012 CROP SOFT WHITE WINTER WHEAT = 5 over July = 6.80/BU

2011 CROP SOFT RED WINTER WHEAT = 5 under March = 6.42/BU
2012 CROP SOFT RED WINTER WHEAT = 20 under July = 6.55/BU

-> CLOSING LOCAL GRAIN PRICES FROM SNOBELIN FARMS:

2011 CROP CORN = up 7 at 6.12/BU
2012 CROP CORN = up 5 at 5.11/BU

2011 CROP SOYS = down 3 at 11.49/BU
2012 CROP SOYS = 11.32/BU

2011 CROP SOFT RED WINTER WHEAT = down 6 at 6.42/BU
2012 CROP SOFT RED WINTER WHEAT = down 5 at 6.55/BU

-> ONTARIO PORK REPORTS:

The U-S CME price = $87.03 U-S per hundredweight, dressed weight.
That’s up 54 cents

100% formula price = $157.30 per hundred kilograms, dressed weight.
That’s down $1.10

Quebec’s average price on Jan. 26th = $162.49 per hundred kilograms, dressed weight, 100 index.

For the week of: Jan. 15th

Average total value price = $179.89

Total hogs sold = 94,199

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