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05.17.12
CME Group rethinks expanded trading hours 54 minutes ago
In response to criticism from grain industry officials, the CME has decided to expand trading hours to just 21 hours/day. A CME spokesman says the new hours won't begin until June 4 at the earliest.
05.16.12
Illinois Wheat Tour sees early harvest ahead
The annual tour of southern Illinois wheat fields projected an average yield of 56 bushels per acre, down from USDA's estimate of 62 bushels earlier this month.
05.16.12
44 Senators urge Farm Bill action
Congress will have less than two months between the November elections and New Year's to deal with numerous expiring tax break and budget issues, many affecting ag. We have an audio report from RFD Radio's Matt Kaye.
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Featured Video
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One of the lines of discussion surrounding the new farm bill is focused on limiting crop insurance payments. Todd Gleason files this report on what affect a limit might have on a grain farm.

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Oppose the Mandatory Overtime for Agricultural Labor and Minimum Wage
Please contact your State Senator by phone at their Springfield office and respectfully request that they vote NO on SB 1565 (Sen. Lightford). SB 1565, if enacted, will require overtime pay for agricultural labor and increases the minimum wage using a complicated formula of a 50 cent per year increase, plus the rate of inflation until it reaches approximately $10.58 per hour.

Please call the State Operator (toll free) at 1-877-I-ACT-4-AG (1-877-422-8424) and ask to be transferred to your specific State Senator. Once you are transferred, please ask to speak to your Senator. If they are unavailable please leave a message. If you are leaving a message please leave your name, address, and phone number you can be contacted at.

Please state the following:

Senator XXXXXXX:

I would like you to vote NO on SB 1565. This bill will negatively impact farms in Illinois by requiring mandatory overtime for agricultural labor. The bill also unfairly increases the minimum wage to a level that will be detrimental to our farms.

Thank you for your consideration on this issue and I again ask that you vote NO on this measure.
 
     
   
Commodity Quotes
 
 
ContractLastChangeHighLow   
Jul 12 Corn (E)618-0  -2-0624-2616-2Last Trade: 05/17/2012 10:54 AM
Sep 12 Corn (E)536-2  -0-6540-4534-4Last Trade: 05/17/2012 10:52 AM
Dec 12 Corn (E)526-0  -0-2529-0523-0Last Trade: 05/17/2012 10:54 AM
Mar 13 Corn (E)536-2  -1-0539-6533-6Last Trade: 05/17/2012 10:48 AM
May 13 Corn (E)545-0  +0-0547-0541-4Last Trade: 05/17/2012 10:06 AM
Jul 12 Soybeans (E)1438-2  +16-21449-61420-2Last Trade: 05/17/2012 10:54 AM
Aug 12 Soybeans (E)1409-6  +14-41418-61393-2Last Trade: 05/17/2012 10:54 AM
Sep 12 Soybeans (E)1352-2  +10-01359-41340-6Last Trade: 05/17/2012 10:49 AM
Nov 12 Soybeans (E)1312-0  +9-61318-01299-6Last Trade: 05/17/2012 10:54 AM
Jan 13 Soybeans (E)1310-2  +10-21314-61298-6Last Trade: 05/17/2012 10:51 AM
Jul 12 Wheat (E)645-2  +6-4651-4637-6Last Trade: 05/17/2012 10:54 AM
Sep 12 Wheat (E)658-0  +6-6663-2650-0Last Trade: 05/17/2012 10:54 AM
Dec 12 Wheat (E)678-2  +7-2682-2670-2Last Trade: 05/17/2012 10:54 AM
Mar 13 Wheat (E)694-0  +7-4696-4683-6Last Trade: 05/17/2012 10:53 AM
May 13 Wheat (E)704-6  +9-0704-6699-0Last Trade: 05/17/2012 10:28 AM
Jun 12 Live Cattle117.550  +0.675117.800117.475Last Trade: 05/17/2012 10:46 AM
Aug 12 Live Cattle119.475  +0.525119.825119.475Last Trade: 05/17/2012 10:38 AM
Oct 12 Live Cattle124.625  +0.450124.950124.600Last Trade: 05/17/2012 10:47 AM
Dec 12 Live Cattle127.400  +0.575127.500127.375Last Trade: 05/17/2012 10:36 AM
Feb 13 Live Cattle128.700  +0.650128.900128.700Last Trade: 05/17/2012 10:16 AM
May 12 Feeder Cattle149.875  +0.425150.300150.275Last Trade: 05/16/2012 1:00 PM
Aug 12 Feeder Cattle159.525  +1.200159.525159.450Last Trade: 05/17/2012 9:16 AM
Sep 12 Feeder Cattle160.750  +0.950160.950160.750Last Trade: 05/17/2012 9:30 AM
Oct 12 Feeder Cattle162.050  +0.650162.250162.050Last Trade: 05/17/2012 9:35 AM
Nov 12 Feeder Cattle162.050  +0.600162.800162.650Last Trade: 05/16/2012 1:00 PM
Jun 12 Lean Hogs87.150  +0.65087.25086.850Last Trade: 05/17/2012 10:52 AM
Jul 12 Lean Hogs88.275  +0.65088.27588.000Last Trade: 05/17/2012 10:52 AM
Aug 12 Lean Hogs88.700  +0.35088.80088.500Last Trade: 05/17/2012 9:48 AM
Oct 12 Lean Hogs80.900  +0.52580.90080.850Last Trade: 05/17/2012 9:09 AM
Dec 12 Lean Hogs78.550  +0.20078.75078.500Last Trade: 05/17/2012 10:31 AM
Data provided by iNet Solutions Group, Inc.
All prices delayed 10 minutes.
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