Premier Cooperative, Inc.


	ANNOUNCEMENTS
	The CME has announced that it will change the expanded trading hours for the CBOT Ag products for night trade from 22 to 21 hours. Now the hours will be Sunday to Friday 5:00PM to 2:00PM CT. NON GMO!! Premiums available on Non GMO beans still in the bin. Give Dave or Dean a call (355-1983) for more info Ask for the "Purple Flag" If you are growing NON GMO beans for Premier in 2012 and would like to distinguish the field as such, give us a call for your free flags so you can mark the edges and point of entry into the field!

Futures

	@C - CORN - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Jul 12	622'6	638'4	619'4	635'4s	10'4
	Sep 12	537'2	551'6	532'4	546'4s	8'0
	Dec 12	527'2	542'4	522'0	537'0s	8'6
	Mar 13	535'0	552'2	533'4	546'4s	7'2
	May 13	543'6	560'0	541'6	557'0s	9'6
	Jul 13	551'2	567'0	550'4	563'4s	8'6
	Sep 13	542'0	553'0	542'0	547'2s	4'0
	Dec 13	534'0	546'0	532'0	539'0s	1'0
	Mar 14	550'0	553'0	550'0	548'2s	0'2

	@S - SOYBEANS - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Jul 12	1435'0	1438'6	1405'0	1405'0s	-33'0
	Aug 12	1400'6	1409'6	1379'4	1381'0s	-24'2
	Sep 12	1345'2	1355'0	1326'4	1327'0s	-20'4
	Nov 12	1304'0	1317'4	1288'2	1288'0s	-18'4
	Jan 13	1302'0	1314'2	1286'6	1286'0s	-18'0
	Mar 13	1275'4	1287'0	1260'0	1259'4s	-16'0
	May 13	1252'0	1272'6	1245'2	1242'6s	-18'0
	Jul 13	1258'6	1270'4	1244'0	1241'0s	-18'2
	Aug 13				1234'4s	-16'2

	@W - WHEAT - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Jul 12	656'6	697'4	652'4	695'2s	37'4	05/18
	Sep 12	668'0	707'4	664'2	703'0s	33'4	05/18

	+DJ - DJ INDUSTRIAL AVERAGE - CBOT
	Month	Open	High	Low	Last	Change	Time	More
	Jun 12	12420.00	12477.00	12320.00	12335.00s	- 78.00	05/18
	Sep 12	0.00	0.00	0.00	12264.00s	- 78.00	05/18
	Dec 12	0.00	0.00	0.00	12184.00s	- 78.00	05/18

My Custom Markets
	Symbol	Open	High	Low	Last	Change	Time	More


	For additional soybean contracts please click here For additional corn contracts please click here The future prices and elevator bids on this web site are delayed. For the current bids please check with your local elevator. Premier Cooperative's bids are alway subject to change without notice from this web site.

Local Cash Bids

	DEWEY				TOLONO
	CORN		SOYBEANS		CORN		SOYBEANS		WHEAT
	Price	(+,-)	Price	(+,-)	Price	(+,-)	Price	(+,-)	Price	(+,-)
5/31/12		10'4		-33'0		10'4		-33'0		37'4
6/30/12		10'4		-33'0		10'4		-33'0
7/31/12		10'4		-33'0		10'4		-33'0		37'4
9/30/12		8'6		-18'4		8'6		-18'4
10/31/12		8'6		-18'4		8'6		-18'4
11/30/12		8'6		-18'4		8'6		-18'4

Click to view more Cash Bids

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Local Conditions

Tolono, IL

Chg Zip Code:
Temp:	60^oF	Feels Like:	60^oF
Humid:	80%	Dew Pt:	54^oF
Barom:	30.01	Wind Dir:	ESE
Cond:	N/A	Wind Spd:	3 mph
Sunrise:	5:33	Sunset:	8:05
As reported at CHAMPAIGN/URBANA, IL at 5:00 AM

View complete Local Weather


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Quote of the Day

"If thine enemy offend thee, give his child a drum."

Fran Lebowitz, US writer and humorist

	Did You Know?
	In 1922 the USDA developed a method for dusting cotton fields with calcium arsenate to protect cotton against boll weevil
	Fact courtesy of the USDA

MARKET COMMENTS

5/18/12 MARKET COMMENTS: The markets traded mixed today with wheat and corn trading higher and the soybeans lower. Corn closed up 10 1/2, soybeans down 33, and wheat up 37 1/2.

Warm, dry weather forecasts for the Midwest corn belt and the wheat growing areas of both Russia and China triggered the buying today. Funds purchased up to 4000 contracts of each, corn and wheat in a moderate volume trade. It appears the best chance for rain is this weekend in the corn belt and then a high pressure ridge will dominate the southern half of the corn belt through the last week of May. This kind of weather forecast has already caused analysts to back off their record yield forecasts for the 2012 corn crop. CN, coupled with the high basis values have taken the flat price levels to the producers back to the highs and has generated some cash selling as this was the first day in a while that Chicago saw a pickup in commercial selling. For the week, CN gained 54 cents and CZ was 32 cents higher. WN gained nearly a $1 for the week. The outside markets were on the quiet side today as the U.S. dollar is mostly unchanged while crude oil down a $1. Oil has fallen nearly $15 this month in the June contract.

The soy complex under selling pressure today even with the funds seen as modest buyers. It appeared that it was either new/old spreading or simply an exit from the SN after the recent Chinese business. The fact that China is selling bean out of their government reserve stocks also has to be a factor in the overall weakness in the complex. What also might become a trade issue is the U.S. Commerce Dept. ordering tariffs on Chinese solar panels imported into the U.S. An overall fear of a slowdown in the Chinese economy also a factor. Unlike corn, soybean producer selling remained very quiet today. SN ended the week by only losing 1 cent while the SX lost 33 cents.

Look for choppy markets to continue.
HAVE A GOOD DAY

The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for the purpose of, nor intended to be relied upon for specific trading in commodities here in.