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        MICHIGAN'S DRY BEAN INDUSTRY

     1501 North Shore Drive Ste. A, East Lansing, MI 48823    Ph. 517-336-0223   Fax 517-336-0227


Friday, July 3, 2009  
 
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Welcome
Welcome to the New Michigan Bean Shipper Association/ Michigan Dry Bean Industry Website

DTN Soybean Rust Center
Latest DTN Soybean Rust News

Rust Confirmed in Ala., Tex.

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Quotes
 
SM - SOYBEAN MEAL - CBOT
  High Low Last Chg
Jul 4112s - 70
Aug 3822s - 20
Sep 3488s - 4
 
S - SOYBEANS - CBOT
  High Low Last Chg
Jul 1243'0s -15'4
Aug 1154'0s -6'4
Sep 1061'0s -7'4
 
W - WHEAT - CBOT
  High Low Last Chg
Jul 500'2s -6'0
Sep 529'0s -6'4
 
@AC - ETHANOL - CBOT
  High Low Last Chg
Jul 1.650s 0.000
Aug 1.550s 0.000
Sep 1.536s 0.000
 
@C - CORN - CBOT
  High Low Last Chg
Jul 345'6s -6'0
Sep 345'6s -10'6
Dec 357'4s -11'6
 
@CD - CANADIAN DOLLAR - CME
  High Low Last Chg
Sep 0.8653 0.8591 0.8614s 0.0000
Dec 0.8654 0.8608 0.8618s 0.0000
Mar 0.8655 0.8621s 0.0000
 
@PX - MEXICAN PESO - CME
  High Low Last Chg
Jul 0.075800s 0.000000
Aug 0.075400s 0.000000
Sep 0.075375 0.074600 0.074950s 0.000000
 
BP - BRITISH POUND - CME
  High Low Last Chg
Sep 1.6420s -0.0054
Dec 1.6415s -0.0054
Mar 1.6409s -0.0056

DTN Ethanol Center
Latest DTN Ethanol Center News

Ethanol Plant Back Into Black
Lower corn prices have helped to push our hypothetical ethanol plant back into the black.

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Headline News
Iran: Embassy Staff to be Tried 07/03 10:21
US Marines Push into Afghan Towns 07/03 10:19
Israel May Ease Gaza Embargo 07/03 10:26
Biden Discusses US Future in Iraq 07/03 10:22
Obama Appeals to Russians 07/03 10:18
SKorea: NKorea May File More Missiles 07/03 10:30
Russia to Allow US Arms Shipments 07/03 10:24
Jobless Data Sends Stocks Reeling 07/02 17:44

DTN Top Stories

Normal monsoon rains are behind schedule in China and India; conditions are also dry in Ukraine. See DTN Ag News. BFull Story...

Don't make the mistake of dismissing the flu-pandemic talk as meaningless hype. This flu's implications for agriculture go well beyond the effects of its unfortunate popular name on pork producers. See DTN Ag News. BFull Story...

Soybean aphids could return this summer with a vengeance. Growers should scout through early July to see if aphid numbers require treatment. See DTN Ag News. BFull Story...

Recent tax changes give farmers great flexibility for reporting farm tax losses, but terms can be confusing. DTN tax authority Andy Biebl explains the loss rules as well as a tax court case on crop insurance proceeds and why there's new life for the "cash for clunkers" credit. See DTN Ag News. 1^Full Story...

USDA is predicting a larger corn carryout for the current crop year and larger production for the new corn crop. Combine that with a weak demand outlook, and it will be hard for futures prices and basis levels to rally without something to drive demand. See DTN Ag News. BFull Story...


Ask the Taxman by Andy Biebl
7/02 8:21 AM
Recent tax changes give farmers great flexibility for reporting farm tax losses, but terms can be confusing. DTN tax authority Andy Biebl explains the loss rules as well as a tax court case on crop insurance proceeds and why there's new life for the "cash for clunkers" credit.
Aphid Prospects for 2009
7/02 7:55 AM
Soybean aphids could return this summer with a vengeance. Growers should scout through early July to see if aphid numbers require treatment.
Midsummer Weather Outlook - 4
7/02 6:24 AM
Weather improves for U.S. wheat, but stays dry in the Canadian Prairies.
Animal ID Meetings Lose Steam
7/01 8:16 AM
A USDA meeting on animal identification in Omaha didn't generate the volume of people or protests as at earlier events, but one rancher testified that her cattle have been tagged against her will because of bovine tuberculosis.

Local Conditions
Saginaw, MI
Chg Zip Code: 
Temp: 59oF Feels Like: 59oF
Humid: 72% Dew Pt: 50oF
Barom: 30.06 Wind Dir: NNW
Cond: Clear Wind Spd: 7 mph
Sunrise: 6:01 Sunset: 9:20
As reported at SAGINAW, MI at 12:00 AM
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Saginaw, MI
Chg Zip Code: 
 
Radar
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