Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 20 317'6 319'0 316'0 317'4 0'2 318'0s 12:58P Chart for @C0N Options for @C0N
Sep 20 323'0 323'6 320'6 322'2 -0'2 322'6s 01:04P Chart for @C0U Options for @C0U
Dec 20 332'6 333'6 330'6 331'6 -0'2 332'6s 11:11A Chart for @C0Z Options for @C0Z
Mar 21 345'4 346'6 343'6 344'2 -0'2 345'2s 05/24 Chart for @C1H Options for @C1H
May 21 352'6 354'0 351'0 351'4 -0'4 352'6s 05/24 Chart for @C1K Options for @C1K
Jul 21 358'6 359'2 356'2 357'0 -0'6 358'0s 05/24 Chart for @C1N Options for @C1N
Sep 21 358'4 358'4 356'2 356'2 -1'4 357'4s 12:59P Chart for @C1U Options for @C1U
Dec 21 365'2 365'4 363'0 363'0 -1'2 364'2s 05/24 Chart for @C1Z Options for @C1Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 20 835'2 839'4 828'4 833'2 -1'6 833'2s 11:55A Chart for @S0N Options for @S0N
Aug 20 839'0 842'0 832'4 837'0 -2'0 836'4s 05/24 Chart for @S0Q Options for @S0Q
Sep 20 842'0 843'6 835'2 838'2 -1'4 838'4s 11:14A Chart for @S0U Options for @S0U
Nov 20 846'0 849'2 840'6 844'0 -1'0 844'4s 11:15A Chart for @S0X Options for @S0X
Jan 21 849'4 852'6 844'4 847'6 -1'0 848'4s 05/24 Chart for @S1F Options for @S1F
Mar 21 845'6 847'6 840'0 843'2 0'0 844'6s 08:37A Chart for @S1H Options for @S1H
May 21 843'4 847'0 840'2 843'2 1'0 844'6s 05/22 Chart for @S1K Options for @S1K
Jul 21 850'6 855'2 848'2 851'4 0'6 852'6s 05/22 Chart for @S1N Options for @S1N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 20 515'0 516'2 503'2 508'6 -7'2 508'6s 12:15P Chart for @W0N Options for @W0N
Sep 20 518'0 518'6 506'6 512'0 -6'0 512'6s 01:08P Chart for @W0U Options for @W0U
Dec 20 526'0 527'0 515'2 520'6 -5'4 521'4s 09:08A Chart for @W0Z Options for @W0Z
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Jun 20 59.025 59.725 58.550 59.000 -0.575 58.775s 05/22 Chart for @HE0M Options for @HE0M
Jul 20 56.925 57.000 55.825 56.025 -1.275 55.900s 05/22 Chart for @HE0N Options for @HE0N
Aug 20 55.375 55.425 54.125 54.450 -1.000 54.275s 05/22 Chart for @HE0Q Options for @HE0Q
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Jun 20 98.375 99.000 96.775 97.450 -1.100 97.700s 05/22 Chart for @LE0M Options for @LE0M
Aug 20 98.000 98.300 96.625 97.075 -0.900 97.325s 05/22 Chart for @LE0Q Options for @LE0Q
Oct 20 99.525 99.900 98.975 99.150 -0.500 99.400s 05/22 Chart for @LE0V Options for @LE0V
My Custom Markets
Symbol Open High Low Last Change Close Time More

 

CFAP Payment Breakdown




The USDA announced that beginning May 26, they will receive applications from farmers for payments via the Coronavirus Food Assistance Program (CFAP).  Eligible growers will receive one combined payment from two different sources (CARES and CCC):



A single payment will be made based on 50 percent of a producer’s 2019 total production or the 2019 inventory as of January 15, 2020, whichever is smaller, multiplied by the commodity’s applicable payment rates.
 
There is a cap on payments of $250,000 per person/legal entity, with certain business structures being eligible to receive $250,000 per shareholder up to 3 shareholders.
 
Producers must provide the following information for CFAP:
• Total 2019 production for the commodity that suffered a five percent-or-greater price decline
• Total 2019 production that was not sold as of January 15, 2020.
Producers will be paid based on inventory subject to price risk held as of January 15, 2020.
 
[Note: the final rule mentions "self-certification" of inventories. It is unclear whether this will allow for bushels on DP, basis contracts, etc to be considered inventory at price risk.]

Example from DTN:

A producer will be paid on that commodity in storage, but the inventory cannot be higher than 50% of total 2019 production that the producer reported to the Farm Service Agency. Effectively, a farmer who grew 100,000 bushels or more in 2019 and has 50,000 bushels of 2019 corn in storage, unsold, on Jan. 15 would be paid on the 50,000 bushels

Yet, it is more complicated the way the rule is spelled out.

Half of that 50,000 bushels would be paid 32 cents from the CARES Act, and the other 25,000 bushels would be paid 35 cents from the Commodity Credit Corp. Essentially, USDA officials explained, when it is boiled down, the 50,000 bushels would be multiplied by 33.5 cents. That breaks down to 50,000 x 0.335, or $16,750.

For soybeans, the payment rates are 45 cents a bushel from the CARES Act and 50 cents a bushel from CCC. A farmer with 50,000 bushels unsold in storage from the 2019 harvest on Jan. 15 would be paid on 25,000 bushels at 45 cents a bushel. The other 25,000 bushels would be paid at 50 cents a bushel. That equates to $23,750 (50,000 x 0.475).

 

 

 


   

5-day Forecast for Toluca, IL
Change Zip Code: 
Date Mon
5/25
Tue
5/26
Wed
5/27
Thu
5/28
Fri
5/29
Weather
Condition
Thunder Storms Thunder Storms Thunder Storms Thunder Storms Thunder Storms
Weather Thunder Storms Thunder Storms Thunder Storms Thunder Storms Thunder Storms
Temp
L/H (°F)
65/86 67/85 65/82 66/80 60/71
Feels
Like

L/H (°F)
65/89 67/89 65/85 66/82 60/71
Dew Point
(°F)
66 67 67 65 56
Humidity
(%)
57 68 73 74 60
Wind
Speed

(mph)
7 8 5 1 10
Precip
(%)
54 70 63 63 20
Precip
Amt
(in.)
Rain
0.06
Rain
0.20
Rain
0.22
Rain
0.29
Rain
0.06
Evap
(in./day)
0.22 0.21 0.16 0.11 0.2
View complete Local Weather

Local Radar
Toluca, IL
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Conditions
Toluca, IL
Chg Zip Code: 
Temp: 83oF Feels Like: 87oF
Humid: 63% Dew Pt: 69oF
Barom: 29.96 Wind Dir: SSE
Cond: N/A Wind Spd: 6 mph
Sunrise: 5:30 Sunset: 8:18
As reported at LACON, IL at 1:00 PM
View complete Local Weather

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