Keystone Commodities Co.


	Featured Research
	January 12th, 2010 Crop Report The Environmental impact of dairy production: 1944 compared with 2007 Historical US Corn Yield Graph -Sept 11, 2009

Local Cash Bids

North Central PAMill	Delivery	Cash	Basis
#2 Yellow Corn	Feb 28, 10
	Mar 31, 10
	Apr 30, 10
	May 31, 10
	Jun 30, 10
	Jul 31, 10
	Nov 30, 10
#1 Yellow Soybeans	Feb 28, 10
	Mar 31, 10
	Nov 30, 10
#2 Soft Red Winter Wheat	Mar 31, 10
	Jun 30, 10
	Sep 30, 10
Western PA Farm	Delivery	Cash	Basis
#2 Yellow Corn	Feb 28, 10
	Mar 31, 10		-
	Nov 30, 10
#1 Yellow Soybeans	Feb 28, 10
	Mar 31, 10
#2 Soft Red Wheat	Feb 28, 10
	Mar 31, 10
	Sep 30, 10
South Central PA Mil	Delivery	Cash	Basis
#2 Yellow Corn	Mar 31, 10
#2 Soft Red Wheat	Feb 28, 10
#1 Yellow Soybeans	Feb 28, 10
Eastern OH	Delivery	Cash	Basis
#2 Yellow Corn	Feb 28, 10
#2 Soft Red Winter Wheat	Feb 28, 10
Fob New Jersey	Delivery	Cash	Basis
#2 Yellow Corn	Feb 28, 10
#2 Soft Red Wheat	Feb 28, 10
#1 Yellow Soybeans	Feb 28, 10
Newark, NJ	Delivery	Cash	Basis
#2 Yellow Soybeans	Feb 28, 10

Price as of 02/08/10 08:47PM CST.

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	CHART OF THE DAY
	Corn gapped lower after the report showed a significant revision higher in corn production. I was cautiously optimistic going into the report positioning our clients with 50-65% o/c sold and 10% n/c protection. In hindsight, that was not enough, but I am glad we sold what we did prior to the report. If you find yourself glued to the screen nervoulsly watching the quotes, you are probably too long or need to sell some grain. I suggest selling corn on any strength, the funds are going to get short corn if they are not already there. I look for a test of the 3.50 area sooner than later and with an average spring, new lows lie ahead. Don't be afraid to sell after the gap lower, prices may go lower than any we believe possible. Thank you for your business and good luck. Jon Hart

Local Conditions

Mifflintown, PA

Chg Zip Code:
Temp:	29^oF	Feels Like:	22^oF
Humid:	54%	Dew Pt:	14^oF
Barom:	30.13	Wind Dir:	W
Cond:	Clear	Wind Spd:	7 mph
Sunrise:	7:08	Sunset:	5:34
As reported at SELINSGROVE, PA at 9:00 PM


	Local Radar
	Mifflintown, PA

Local Forecast

Mifflintown, PA

Tuesday	Wednesday	Thursday	Friday	Saturday
High: 31^oF Low: 11^oF	High: 35^oF Low: 25^oF	High: 28^oF Low: 20^oF	High: 26^oF Low: 17^oF	High: 25^oF Low: 16^oF

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	Large Square Straw Bales 3 X 3 X 8 Call Keystone for details

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	Did You Know?
	In 1950 of employed persons in the United States, 11 percent were engaged in agriculture
	Fact courtesy of the USDA

Futures

	@C - CORN - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	355'6	356'6	354'6	356'6	0'6	08:37P
	May 10	367'0	368'0	366'2	368'0	0'4	08:35P
	Jul 10	377'2	378'0	376'4	378'0	0'4	08:37P

	@S - SOYBEANS - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	929'4	932'0	927'4	931'0	1'4	08:35P
	May 10	939'0	942'2	938'0	941'2	1'2	08:35P
	Jul 10	948'0	950'4	945'6	949'0	1'0	08:35P

	@W - WHEAT - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	483'0	485'6	482'2	485'4	1'4	08:35P
	May 10	497'4	500'4	497'4	500'0	1'0	08:37P
	Jul 10	510'6	513'0	510'2	513'0	1'4	08:37P

	@SM - SOYBEAN MEAL - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	2740	2751	2737	2749	5	08:37P
	May 10	2677	2681	2670	2681	0	08:35P
	Jul 10	2673	2673	2661	2670	- 3	08:36P

	@BO - SOYBEAN OIL - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	37.94	38.09	37.81	37.88	- 0.07	08:34P
	May 10	38.40	38.56	38.29	38.37	- 0.07	08:34P
	Jul 10	38.91	39.05	38.76	38.82	- 0.09	08:34P

	O - OATS - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	225'6	233'0	225'6	231'0s	4'6	01:43P
	May 10	240'0	240'0	240'0	240'0s	4'4	01:43P
	Jul 10				248'0s	4'6	01:43P

	LH - LEAN HOGS - CME
	Month	Open	High	Low	Last	Change	Time	More
	Feb 10	67.000	67.800	66.800	67.575s	0.875	01:15P
	Apr 10	67.300	69.050	67.150	68.775s	2.050	01:15P
	May 10	72.500	74.750	72.500	74.700s	2.225	01:15P

	LC - LIVE CATTLE - CME
	Month	Open	High	Low	Last	Change	Time	More
	Feb 10	87.650	87.950	87.150	87.675s	0.250	01:15P
	Apr 10	90.650	91.200	90.400	90.800s	0.400	01:15P
	Jun 10	88.125	88.625	87.950	88.450s	0.350	01:15P

	@AC - ETHANOL - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	1.765	1.765	1.755	1.757s	0.008	01:40P
	Apr 10	1.770	1.770	1.755	1.760s	0.008	01:40P
	May 10	1.770	1.770	1.755	1.760s	0.010	01:40P

	@DA - CLASS III MILK - CME
	Month	Open	High	Low	Last	Change	Time	More
	Feb 10
	Mar 10
	Apr 10

	@DX - US DOLLAR INDEX - ICEFU
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	80.530	80.530	80.395	80.430	- 0.010	08:35P
	Jun 10	80.845	80.845	80.845	80.845	0.065	08:37P
	Sep 10				80.980	- 0.155	02:08P

	@TY - US T-NOTE 10 YR - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	118'23.0	118'23.5	118'18.0	118'19.0	0'03.5	08:34P
	Jun 10
	Sep 10

	@ZG - GOLD 100 OZ - NYSEL
	Month	Open	High	Low	Last	Change	Time	More
	Feb 10
	Mar 10				1062.200	- 3.200	08:36P
	Apr 10	1063.800	1065.200	1063.600	1065.200	- 0.500	08:36P

	SP - S&P 500 - CME
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	1062.50	1068.30	1053.20	1055.90s	- 3.90	03:20P
	Jun 10	1060.30	1060.90	1048.90	1051.10s	- 3.80	03:20P
	Sep 10		1056.00	1044.00	1046.30s	- 3.70	03:20P

	DJ - DOW JONES INDUSTRIAL AVG - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Mar 10	9955	9985	9870	9895s	- 46	03:20P
	Jun 10	9915	9915	9915	9833s	- 46	03:20P
	Sep 10				9775s	- 46	03:20P

My Custom Markets
	Symbol	Open	High	Low	Last	Change	Time	More

	AgWeb Agricultural News
	The Farmer’s Tax Calendar 1/8/10 12:00 PM Use this calendar to plan ahead in 2010. Are You Mining Your P and K? 1/8/10 12:00 PM Have you been shortchanging P and K? The leveling out of fertilizer prices indicates it may be a good year for rebuilding. ACRE Beats Counter-cyclical Payments 1/8/10 12:00 PM Counter-cyclical payments have not been a factor for corn ($2.35 trigger) or soybeans ($5.56) for several years. What’s Going on with Wheat Prices? 1/8/10 12:00 PM This week, the KCBT March and July wheat contract traded from the top to the bottom of the current trading range. Crop Comments: Send in a report for your farm! 1/8/10 12:00 PM Send in a report for your farm! Extreme Home Makeover Visits Oklahoma Ranch 1/5/10 12:00 PM Oklahoma cattle family will have a new home when they return on Sunday. Weekly Red Meat Production Higher 1/5/10 12:00 PM


	Jon Hart's Market Blog

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	Weather Newsletter
	QT Grain Traders Global Weather Recap http://www.qtweather.com/newsletter/latest.html

Quote of the Day

"Happiness is as a butterfly which, when pursued, is always beyond our grasp, but which if you will sit down quietly, may alight upon you."

Nathaniel Hawthorne, (1804 - 1864), American writer

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