With the 2014 harvest season approaching, please be sure to have new and/or changed accounts and farm ID's set up prior to delivery of grain.
BELLFLOWER FEED MILL (previously Ludlow Coop Feed Mill)
phone # 217-396-0223
Effective May 1, the CBOT changed the method that they use to determine Daily Price Limits. These limits will be in place until November 1st when they will again reset. CBOT will use the settlement price over 45 consecutive days, multiplied by a factor of 7% and then rounded to the nearest 5 cents to determine what the limit will be. Should two or more contracts within the first five listed non-spot contracts settle at limit, the daily price limit for all contract months will be increased by 50%. If no contract months trade at the new expanded limits, all months will revert back to the initial limit.
The Syngenta seed corn varieties Agrisure Viptera and Duracade do not yet have full export approval at this time. As Ludlow Coop ships rail corn that could end up in the export market, we are asking that you please take the necessary precautions when ordering seed for this coming year. Ludlow Coop will not be accepting any corn variety that does not have full export approval. Please contact us if you have questions.
*********** FREE DP on CORN and SOYBEANS ************
We are extending free DP for all grain in the elevator or off the farm to November 1st. This will include grain in storage or already on a DP contract.
Any grain on a DP contract that is being charged will remain on that contract with the charges in effect. It will not go on free DP.
On November 1st, the dump charge and monthly storage rate will be in effect.
CME/CBOT TRADING HOURS
Current CBOT trading hours:
The electronic trade opens at 7:00 PM Sunday - Thursday. The market will take a "time out" and not trade from 7:45 - 8:30 AM, Monday - Friday
Electronic and open outcry trade then resumes from 8:30 AM - 1:15 PM Monday - Friday.
The grain bids on this website are updated each afternoon to reflect any basis changes. This update shows up as the "last updated: ......".
DTN does not finalize our updated cash bids until after the 1:15 pm close. The bids may take up to about 2:3 0 pm to finalize. The bids themselves change as the market trades based on the electronic trade, both day and night sessions, but with a 10 minute or so delay.