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Pre-Opening Market Report for Wednesday, May 14, 2008

AM 580 broadcast time 8:49 to 9 am Central; audio archive updated by 9:15 am

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Opening Market Report for Wednesday, May 14, 2008

AM 580 broadcast time 9:49 to 10 am Central; audio archive updated by 10:15 am

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Mid Day Commentary with Sue Martin - Wednesday, May 14, 2008

AM 580 broadcast time 12:55 to 12:57 pm Central; audio archive updated by 1 pm

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When Sue is unavailable commentary is provided by Mike Zuzolo of Risk Management Commodities.

Closing Market Report for Wednesday, May 14, 2008

AM 580 broadcast time 2:06 to 2:40 pm Central; audio archive updated by 3 pm

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Futures:

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Cash Grain (M, W, Th, F):

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Energies (Tu):

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Agricultural Weather:

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Agricultural News:

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Commodity Week for May 9, 2008

Guest:
Tom Fritz, EFG - Chicago, Illinois

Panelists:
Dan Zwicker, ADM Grain Group
Bill Mayer, Roach Ag Marketing
Wayne Nelson, L&M Commodities

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Commodity Week for May 2, 2008

Guest: Darrel Good, Emerson Nafziger, Aaron Hager, Drew Lerner, & Ed Kieser

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Commodity Week for April 25, 2008

Guest:  Raymond Jenkins, Cargill, Inc., Eddyville, Iowa

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Commodity Week for April 18, 2008

Guest:  University of Illinois agricultural economist Darrel Good

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Commodity Week for April 11, 2008

Guest:  Drew Learner, World Weather Inc., Kansas City

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Commodity Week for April 4, 2008

Guest:  John Bondurant, Bondurant Futures

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The Latest USDA Reports

Browse by topic:

Cattle on Feed Reports • NASS Weekly Crop Progress Reports • Quarterly Hogs and Pigs Reports • Quarterly U-S Grain Stocks Reports • U-S Crop Production Reports • U-S Ending Stocks Reports • World Ending Stocks Reports • World Production Reports

See all archived USDA Reports

NASS Crop Progress - Corn Emergence (released May 12, 3:00 p.m. CST)
released May 12, 2008

State	Percent Emerged as of May 11	Previous Week	One Year Ago	5 year Rolling Average
Illinois	12	1	53	58
Indiana	19	3	27	35
Iowa	2	9	28	29
Minnesota	0	0	34	17
Nebraska	5	0	23	24
NATIONAL TOTALS	11	4	32	33

This report is filed in: NASS Weekly Crop Progress Reports

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NASS Crop Progress - Corn Planting (released May 12, 3:00 p.m. CST)
released May 12, 2008

State	Percent Planted as of May 11	Previous Week	One Year Ago	5 year Rolling Average
Illinois	60	28	56	50
Indiana	61	36	68	72
Iowa	46	18	70	82
Minnesota	32	8	83	82
Nebraska	55	31	64	71
NATIONAL TOTALS	51	27	71	77

This report is filed in: NASS Weekly Crop Progress Reports

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NASS Crop Progress - Soybean Planting (released May 12, 3:00 p.m. CST)
released May 12, 2008

State	Percent Planted as of May 11	Previous Week	One Year Ago	5 year Rolling Average
Illinois	7	0	33	32
Indiana	19	6	31	35
Iowa	4	0	18	29
Minnesota	3	0	36	30
Ohio	21	8	50	46
NATIONAL TOTALS	11	5	26	29

This report is filed in: NASS Weekly Crop Progress Reports

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USDA May 2008 Global Ending Stocks Estimates in millions of metric tons (Released May 9, 2008, 7:30 a.m.)
released May 09, 2008

-	May 2008-09 Estimate	May 2007-08 Estimate	April 2007-08 Estimate
Wheat:	-	-	-
Ending Stocks	123.00	110.02	112.48
Production	656.01	606.40	604.98
Corn:	-	-	-
Ending Stocks	99.03	109.69	102.97
Production	777.59	779.83	772.17
Soybeans:	-	-	-
Ending Stocks	N/A	49.04	49.31
Production	N/A	219.72	219.89

This report is filed in: World Ending Stocks Reports

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USDA May 2008 World Supply and Demand Estimates in millions of metrict tons (released May 9, 2008, 7:30 a.m. CST)
released May 09, 2008

-	May 2008-09 Estimate	May 2007-08 Estimate	April 2007-08 Estimate
Argentina Wheat	15.00	15.50	15,50
Australia Wheat	24.00	13.10	13.10
China Wheat	109.00	106.00	106.00
EU-27 Wheat	140.00	119.48	119.65
Canada Wheat	25.00	20.05	20.05
India Wheat	76.78	75.81	75.81
FSU-12 Wheat	99.34	92.69	93.69
China Corn	150.00	145.00	145.00
Argentina Corn	23.50	21.50	21.50
South Africa Corn	11.50	11.50	11.00
Brazil Corn	57.00	56.00	53.00
Brazil Soybeans	N/A	61.00	61.00
Argentina Soybeans	N/A	47.00	47.00

This report is filed in: World Production Reports

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USDA May 2008 Ending Stocks Estimates for 2008-09 in billions of bushels (released May 9, 2008, 7:30 a.m. CST)
released May 09, 2008

Crop	USDA 2008-09 Estimate	Average Guess	Range	USDA April Estimate
Corn	0.763	0.685	0.462 - 1.114	N/A
Soybeans	0.185	0.270	0.158 - 0.345	N/A
Wheat	0.483	0.428	0.280 - 0.501	N/A

This report is filed in: U-S Ending Stocks Reports

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USDA May 2008 Ending Stocks Estimates for 2007-08 in billions of bushels (released May 9, 2008, 7:30 a.m. CST)
released May 09, 2008

Crop	USDA 2007-08 Estimate	Average Guess	Range	USDA April Estimate
Corn	1.383	1.311	1.238 - 1.383	1.283
Soybeans	0.145	0.152	0.130 - 0.160	0.160
Wheat	0.239	0.247	0.232 - 0.300	0.242

This report is filed in: U-S Ending Stocks Reports

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USDA May Wheat Production Estimates for 2008-09 in billions of bushels (released May 9, 2008, 7:30 a.m.)
released

Category	USDA 2007-08 Estimate	Average Guess	Range	USDA 2007 Wheat Production
All Winter	1.779	1.701	1.595 - 1.806	1.516
Hard Red Winter	1.011	0.965	0.896 - 1.004	0.962
Soft Red Winter	0.551	0.518	0.370 - 0.550	0.358
White Winter	0.215	0.224	0.199 - 0.267	0.197
All Wheat	2.392	2.312	2.232 - 2.400	2.067

This report is filed in: U-S Crop Production Reports

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USDA April 2008 Cattle on Feed Report (released April 18, 2008, 2:30 p.m.)
released April 18, 2008

-	USDA April Estimate	Average Guess	Range	USDA March Estimate
On Feed 1 April	100.0	101.3	100.4 - 102.0	102.0
Placed in March	89.0	92.4	87.8 - 98.0	104.0
Marketed in March	100.0	97.9	96.0 - 99.4	104.0

This report is filed in: Cattle on Feed Reports

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USDA April 2008 Ending Stocks Estimate in billions of bushels (released April 9, 2008, 7:30 a.m. CST)
released April 09, 2008

-	USDA April 2007-08 Estimate	Average Guess	Range	USDA March Estimate
Corn	1.283	1.315	1.138 - 1.538	1.438
Soybeans	0.160	0.156	0.120 - 0.180	0.140
Wheat	0.242	0.263	0.237 - 0.282	0.263

This report is filed in: U-S Ending Stocks Reports

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AM 580 Agricultural Weather

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Closing Market Report Agricultural Weather for Wednesday, May 14, 2008

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Agricultural Weather Analysts

• Monday - Jon Davis, Mark Russo, Josh Darr, Chesapeake Energy
• Tuesday - Don Day, Day Weather
• Wednesday - Drew Learner, World Weather, Inc.
• Thursday - Peter Leavitt, Agricultural Meteorologist
• Friday - Steve Hilberg, Midwestern Regional Climate Center

AM 580 holds agricultural outlook panels across Illinois and Indiana to discuss the commodity markets and allow you to ask questions. They are free of charge and advanced registration is generally NOT required. We hope you will visit one soon!

If you would like to see an AM 580 Outlook Panel in your area please e-mail the WILL Ag Department.

Calendar of Upcoming Outlook Meetings

Date	Location	Time (Central except where noted)	Panelists/Speakers	Sponsor
July 23, 2008	Knights of Columbus Hall, Streator, Illinois	6:00 p.m. light dinner - 6:30 p.m. Outlook Meeting	Paul Coolley, ADM Investor Services, Oakland, Illinois Curt Kimmel, Bates Commdities, Normal, Illinois Jacquie Voeks, Stewart Peterson Group, West Bend, Wisconsin Steve Freed, ADM, Chicago	LaSalle County Stockmen
July 24, 2008	El Paso Community Building	Dinner at 6:00 p.m. - Outlook Panel at 7:00 p.m.	Mike Zuzolo, Risk Management Commodities, Lafayette, Indiana Jacquie Voeks, Stewart Peterson Group, West Bend, Wisconsin Bill Mayer, Roach Ag Marketing, Lexington, Illinois	Heartland Bank - Granland Coop.
August 26, 2008	Farm Progress Show, Boone, Iowa	9 a.m.- 11 a.m. - 1 p.m. - 3 p.m.	Sue Martin, Ag and Investment Services, Webster City Iowa Chuck Shelby, Risk Management Commodities, Lafayette, Indiana Pete Manhart, Bates Commodities, Normal, Illinois	WILL AM 580 Agriculture and AgriGold Hybrids
August 27, 2008	Farm Progress Show, Boone, Iowa	9 a.m. - 11 a.m. - 1 p.m. - 3 p.m.	Sue Martin, Ag and Investment Services, Webster City Iowa Chuck Shelby, Risk Management Commodities, Lafayette, Indiana Pete Manhart, Bates Commodities, Normal, Illinois	WILL AM 580 Agriculture and AgriGold Hybrids
August 28, 2008	Farm Progress Show, Boone, Iowa	9 a.m. - 11 a.m. - 1 p.m. - 3 p.m.	Sue Martin, Ag and Investment Services, Webster City Iowa Chuck Shelby, Risk Management Commodities, Lafayette, Indiana Pete Manhart, Bates Commodities, Normal, Illinois	WILL AM 580 Agriculture and AgriGold Hybrids
September 8, 2008	Champaign County Farm Bureau, Champaign, Illinois	7:00 p.m. Outlook Meeting		C-U Corn and Soybean Marketing Club

To subscribe to our agricultural podcast offerings simply use the links below:

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Pre-Opening Market Report: Podcast URL | Launch in iTunes

Opening Market Report: Podcast URL | Launch in iTunes

Closing Market Report: Podcast URL | Launch in iTunes

Commodity Week: Podcast URL | Launch in iTunes

You can download the FREE version of iTunes at: http://www.apple.com/itunes/download/