Quote Ticker
  • CORN (Dec 18) 374'6 0'4 12/11/18   9:33 AM CST
  • CORN (Mar 19) 384'0 0'0 12/11/18   9:40 AM CST
  • CORN (May 19) 391'2 0'0 12/11/18   9:40 AM CST
  • SOYBEANS (Jan 19) 912'6 3'0 12/11/18   9:40 AM CST
  • SOYBEANS (Mar 19) 926'0 3'2 12/11/18   9:40 AM CST
  • SOYBEANS (May 19) 938'4 3'0 12/11/18   9:40 AM CST
  • WHEAT (Dec 18) 521'6 -4'6 12/10/18   1:15 PM CST
  • WHEAT (Mar 19) 524'2 -1'0 12/11/18   9:40 AM CST
  • WHEAT (May 19) 531'0 -0'4 12/11/18   9:40 AM CST
  • SOYBEAN MEAL (Dec 18) 3072 - 7 12/11/18   8:41 AM CST
  • SOYBEAN MEAL (Jan 19) 3100 12/11/18   9:40 AM CST
  • SOYBEAN MEAL (Mar 19) 3138 - 1 12/11/18   9:40 AM CST
  • SOYBEAN OIL (Dec 18) 28.65 0.13 12/11/18   8:55 AM CST
  • SOYBEAN OIL (Jan 19) 28.91 0.15 12/11/18   9:40 AM CST
  • SOYBEAN OIL (Mar 19) 29.16 0.14 12/11/18   9:40 AM CST
  • OATS (Dec 18) 287'2 1'0 12/10/18   1:15 PM CST
  • OATS (Mar 19) 290'2 1'2 12/11/18   9:33 AM CST
  • OATS (May 19) 292'0 0'6 12/11/18   9:04 AM CST
  • LEAN HOGS (Dec 18) 54.500 -0.225 12/11/18   9:40 AM CST
  • LEAN HOGS (Feb 19) 65.600 -1.225 12/11/18   9:40 AM CST
  • LEAN HOGS (Apr 19) 71.250 -0.825 12/11/18   9:40 AM CST
  • LIVE CATTLE (Dec 18) 117.800 0.225 12/11/18   9:40 AM CST
  • LIVE CATTLE (Feb 19) 121.400 0.200 12/11/18   9:40 AM CST
  • LIVE CATTLE (Apr 19) 123.750 0.150 12/11/18   9:40 AM CST
  • ETHANOL (Jan 19) 1.221 12/11/18   9:31 AM CST
  • ETHANOL (Feb 19) 1.259 0.001 12/11/18   9:39 AM CST
  • ETHANOL (Mar 19) 1.290 12/11/18   9:32 AM CST
  • MILK CLASS III (Dec 18) 13.69 0.04 12/11/18   9:36 AM CST
  • MILK CLASS III (Jan 19) 13.89 0.08 12/11/18   9:37 AM CST
  • MILK CLASS III (Feb 19) 14.31 0.09 12/11/18   9:36 AM CST
  • 10 YR US TREASURY NOTE (Dec 18) 120'18.5 -0'03.5 12/11/18   9:32 AM CST
  • 10 YR US TREASURY NOTE (Mar 19) 120'17.5 -0'03.5 12/11/18   9:40 AM CST
  • 10 YR US TREASURY NOTE (Jun 19) 120'16.0 -0'00.5 12/10/18   2:00 PM CST
  • S&P 500 INDEX (Dec 18) 2664.00 20.90 12/11/18   9:36 AM CST
  • S&P 500 INDEX (Mar 19) 2670.50 23.40 12/11/18   8:51 AM CST
  • S&P 500 INDEX (Jun 19) 2781.10 7.20 12/10/18   3:17 PM CST


Local Cash Bids
North Central PAMill Delivery Cash   Basis    
 #2 Yellow Corn Chart Dec 31, 18    
  Chart Mar 31, 19    
 #1 Yellow Soybeans Chart Dec 31, 18    
 #2 Soft Red Winter Wheat Chart Dec 31, 18    
Western PA Farm Delivery Cash   Basis    
 #2 Yellow Corn Chart Dec 31, 18    
South Central PA Mil Delivery Cash   Basis    
 #2 Yellow Corn Chart Dec 31, 18    
  Chart Jan 31, 19    
 #2 Soft Red Wheat Chart Jul 31, 19    
  Chart Aug 31, 19    
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Eastern OH Delivery Cash   Basis    
 #2 Yellow Corn Chart Dec 31, 18    
Fob New Jersey Delivery Cash   Basis    
 #2 Yellow Corn Chart Dec 31, 18    
  Chart Jan 31, 19    
 #2 Soft Red Wheat Chart Jul 31, 19    
  Chart Aug 31, 19    
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Price as of 12/11/18 09:51AM CST.
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CHART OF THE DAY

November 21, 2018


Food for thought --


The reason your Thanksgiving turkey was waiting for you without an advance order? Because of the economic
concepts of “spontaneous order,” “self-interest,” and the “invisible hand” of the free market. Turkeys appeared
in your local grocery stores primarily because of the “self-interest” (greed?) of thousands of turkey farmers,
truck drivers, and supermarket owners and employees who are complete strangers to you and your family.
But all of those strangers throughout the turkey supply chain co-operated on your behalf and were led by the
“invisible hand” to make sure your family had a turkey (or two) on the table to celebrate Thanksgiving this year.
The “invisible hand” that was responsible for your holiday turkey is just one of millions of everyday examples
of the “miracle of the marketplace” where “individually selfish decisions must lead to a collectively
efficient outcome
,” as economist Steven E. Landsburg observed.



In a 2003 Boston Globe article titled “Giving Thanks for the Invisible Hand,” syndicated columnist Jeff Jacoby
offered a wonderful tribute to the miracle of the invisible hand that makes affordable turkeys available so
efficiently every year at Thanksgiving through the power of “spontaneous order” and without the need for any
central planning or “turkey czars
”:

Isn’t there something wondrous — something almost inexplicable —
in the way your Thanksgiving weekend is made possible by the skill and
labor of vast numbers of total strangers?

To bring that turkey to the dining room table required the efforts of thousands
of people — the poultry farmers who raised the birds, of course, but also the
feed distributors who supplied their nourishment and the truckers who brought
it to the farm, not to mention the architect who designed the hatchery, the
workmen who built it, and the technicians who keep it running. The bird had
to be slaughtered and defeathered and inspected and transported and unloaded
and wrapped and priced and displayed. The people who accomplished those tasks
were supported in turn by armies of other people accomplishing other tasks —
from refining the gasoline that fueled the trucks to manufacturing the plastic in
which the meat was packaged.

The activities of countless far-flung men and women over the course of many
months had to be intricately choreographed and precisely timed, so that when
you showed up to buy a fresh Thanksgiving turkey, there would be one — or more
likely, a few dozen — waiting. The level of coordination that was required to pull
it off is mind-boggling. But what is even more mind-boggling is this:
No one coordinated it.

No turkey czar sat in a command post somewhere, consulting a master plan and
issuing orders. No one forced people to cooperate for your benefit. And yet they
did cooperate. When you arrived at the supermarket, your turkey was there. You
didn’t have to do anything but show up to buy it. If that isn’t a miracle, what should
we call it?

Adam Smith called it “the invisible hand” — the mysterious power that leads
innumerable people, each working for his own gain, to promote ends that benefit
many. Out of the seeming chaos of millions of uncoordinated private transactions
emerges the spontaneous order of the market. Free human beings freely interact,
and the result is an array of goods and services more immense than the human mind
can comprehend. No dictator, no bureaucracy, no supercomputer plans it in advance.
Indeed, the more an economy is planned, the more it is plagued by shortages,
dislocation, and failure.

It is commonplace to speak of seeing God’s signature in the intricacy of a spider’s
web or the animation of a beehive. But they pale in comparison to the kaleidoscopic
energy and productivity of the free market. If it is a blessing from Heaven when seeds
are transformed into grain, how much more of a blessing is it when our private,
voluntary exchanges are transformed – without our ever intending it – into prosperity,
innovation, and growth?




Bottom Line: As you celebrate Thanksgiving on Thursday with your family and friends,
remember to express some thanks and gratitude to the thousands of “invisible” strangers
who won’t be there in person, but who were led by the “invisible hand” of the market over
the last several months to b.ecome your “market benefactors” and make sure your
affordable holiday feast was possible once again





 


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@C - CORN - CBOT
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Dec 18 373'6 376'4 373'6 374'6 0'4 374'2 09:40A Chart for @C8Z Options for @C8Z
Mar 19 383'2 386'0 382'6 384'0 0'0 384'0 09:40A Chart for @C9H Options for @C9H
May 19 390'4 393'2 390'2 391'2 0'0 391'2 09:40A Chart for @C9K Options for @C9K
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Jan 19 907'6 915'6 906'0 912'6 3'0 909'6 09:40A Chart for @S9F Options for @S9F
Mar 19 921'0 928'4 919'0 926'0 3'2 922'6 09:40A Chart for @S9H Options for @S9H
May 19 933'4 941'2 931'6 938'4 3'0 935'4 09:40A Chart for @S9K Options for @S9K
@W - WHEAT - CBOT
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Mar 19 525'0 529'0 521'2 524'2 -1'0 525'2 09:40A Chart for @W9H Options for @W9H
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Jan 19 3097 3113 3090 3100 3100 09:40A Chart for @SM9F Options for @SM9F
Mar 19 3136 3150 3127 3138 - 1 3139 09:40A Chart for @SM9H Options for @SM9H
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Jan 19 28.76 28.98 28.52 28.91 0.15 28.76 09:40A Chart for @BO9F Options for @BO9F
Mar 19 29.02 29.23 28.78 29.16 0.14 29.02 09:40A Chart for @BO9H Options for @BO9H
@O - OATS - CBOT
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Dec 18 276'6 287'2 276'6 287'2 1'0 282'4s 09:40A Chart for @O8Z Options for @O8Z
Mar 19 290'4 291'0 286'4 290'2 1'2 289'0 09:39A Chart for @O9H Options for @O9H
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Dec 18 55.000 55.000 54.425 54.500 -0.225 54.725 09:40A Chart for @HE8Z Options for @HE8Z
Feb 19 66.500 66.650 65.500 65.600 -1.225 66.825 09:40A Chart for @HE9G Options for @HE9G
Apr 19 71.800 72.150 71.175 71.250 -0.825 72.075 09:40A Chart for @HE9J Options for @HE9J
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Month Open High Low Last Change Close Time More
Dec 18 117.425 117.900 117.075 117.800 0.225 117.575 09:40A Chart for @LE8Z Options for @LE8Z
Feb 19 121.075 121.475 120.475 121.400 0.200 121.200 09:40A Chart for @LE9G Options for @LE9G
Apr 19 123.450 123.850 122.950 123.750 0.150 123.600 09:40A Chart for @LE9J Options for @LE9J
@AC - ETHANOL - CBOT
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Jan 19 1.225 1.228 1.221 1.221 1.221 09:39A Chart for @AC9F Options for @AC9F
Feb 19 1.255 1.263 1.255 1.259 0.001 1.258 09:39A Chart for @AC9G Options for @AC9G
Mar 19 1.294 1.294 1.290 1.290 1.290 09:39A Chart for @AC9H Options for @AC9H
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Dec 18 13.71 13.71 13.67 13.69 0.04 13.65 09:40A Chart for @DA8Z Options for @DA8Z
Jan 19 13.83 13.89 13.80 13.89 0.08 13.81 09:37A Chart for @DA9F Options for @DA9F
Feb 19 14.25 14.31 14.25 14.31 0.09 14.22 09:40A Chart for @DA9G Options for @DA9G
@TY - 10 YR US TREASURY NOTE - CBOT
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Dec 18 120'21.0 120'25.0 120'13.0 120'18.5 -0'03.5 120'22.0 09:39A Chart for @TY8Z Options for @TY8Z
Mar 19 120'20.0 120'24.5 120'11.5 120'17.5 -0'03.5 120'21.0 09:40A Chart for @TY9H Options for @TY9H
Jun 19 120'16.0 -0'00.5 120'13.0s 12/10 Chart for @TY9M Options for @TY9M
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Dec 18 Chart for @ZG8Z Options for @ZG8Z
Jan 19 Chart for @ZG9F Options for @ZG9F
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SP - S&P 500 INDEX - CME
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Dec 18 2673.50 2675.00 2663.50 2664.00 20.90 2643.10 09:40A Chart for SP8Z Options for SP8Z
Mar 19 2677.50 2678.00 2669.00 2670.50 23.40 2647.10 09:39A Chart for SP9H Options for SP9H
Jun 19 2781.10 7.20 2653.70s 12/10 Chart for SP9M Options for SP9M
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