date:Jan 21, 2013
basis index was placed at -49.0/bu under the Minneapolis March futures contract; 1.0/bu better than last week at this time. Considering chart signals and the neutral USDA WASDE report it would be wise to hold off pricing any more of the 2013 crop at this time.
DAIRY CLASS III futures on the Chicago Mercantile Exchange (CME) finished mixed on Monday. The JAN13DA futures closed at $18.12/cwt, up $0.06/cwt and $0.15/cwt higher than last report. The MAR13DA contract closed at $17.66/cwt; down $0.