Last Updated SEPTEMBER 5, 2008 3:39 PM

SX closed down 58 cents. CZ closed down 16 cents. WZ closed down 25 cents. SOYBEANS... Soybean futures ended lower. SX was down 58 cents and near 11.77. The bad news is that SX lost 1.47 this week. Good news is that prices are still above previous all time highs before this summer's rally to 16.63. Soyoil closed near 48.89 down 135 points. Soymeal closed near 327 down 15 dollars. Concern that more commodity funds may liquidate long position and may even close offers strong resistance. Rains across the east Midwest also raised talk that the crop can still improve with late season rains. Talk of higher palmoil supply, increase feed competition for meal and higher China oilseed prod lowering global demand also offers resistance. Informa est US 2008 soybean prod near 3035 mil bu vs USDA Aug est of 2972. Increase in Iowa, Minnesota, Tennessee and Illinois offset declines in Ohio and Michigan. There were other est near 2953 mil bu. This is a difference of one carryout...  Log in for more...

  

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Current Conditions - Decatur IL 62525
Temperature 72 F / 22 C Relative Humidity 55% Wind SW 3 mph Wind Chill 72 F / 22 C Pressure 30.03 Last Updated 9/6/2008 4:54 p.m. CST   Today - Partly Cloudy, with a high near 76 F. 4 mph north wind changing to 6 mph northwest wind in the afternoon. Tomorrow - Mostly Cloudy, with a high near 77 F. 4 mph Northwest wind changing to 5 mph southwest wind in the afternoon. Full Forecast...

From ADM-Benson Quinn, Minneapolis

Grain and Soy Market Opening Comments - Updated 9/5/2008 8:29:54 AM Call: Beans down 30-35 cents, corn down 13-15, and wheat down 20-25 cents. Log in for more... Corn - Updated 9/5/2008 3:20:34 PM Renewed selling interest after yesterday's minor recovery pushed corn to new lows for the week as broad based commodity selling throughout virtually all of the global markets helped to entrench a negative attitude. Log in for more... Oilseeds - Updated 9/5/2008 3:57:26 PM Today's soybean futures trade was a lost cause. Log in for more... Hard Red Winter Wheat - Updated 9/5/2008 3:57:33 PM Hard red winter wheat futures in Kansas City settled sharply lower closing 23 3/4 to 27 1/4 cents lower. Log in for more... Hard Red Spring Wheat - Updated 9/5/2008 3:57:41 PM Prices at the MGEX slipped Friday on technical selling and tracking lower grain and oilseed markets in Chicago. Log in for more...