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Market Snapshot
Commentary
Market Commentary - February 08, 2010 (Close)
Corn

Corn futures closed higher on short covering ahead of tomorrow’s USDA report but closed in the lower portion of the price range. Corn inspections...

Soybeans

Soybeans finished significantly higher on the day but closed in the middle of the trading range. Soybean commercial interest moved from a net short...

Wheat

Wheat futures closed higher helped by a lower dollar during the trading session. Prices did settle in the middle of the price range on the CBOT and...

Cattle

Cattle futures finished the day on a firmer tone. There was good cash trade in the Five Area Direct Cattle Friday with Steers selling for $86.17...

Hogs

Lean Hogs closed higher with April through July up over $2.00. Iowa/Minnesota Direct Hogs ranged from $60.00 to $64.66 with an average of $63.30...

Cotton

Cotton futures closed sharply higher gaining back everything they gave up on Friday. The dollar was lower during cotton’s trading session helping...

Full commentary...
Fast Facts
  • Minnesota has 79,600 farms totaling nearly 28 million acres (55% of land use) of the state's 54 million acres
  • Minnesota has 86,943 square miles of land
  • The agriculture and food industry is the 2nd largest employer in Minnesota
  • Two-thirds of all agricultural jobs are off-farm, in processing, distribution, supply and service sectors
  • Minnesota ranks 5th in farm exports
  • U.S. farmers and ranchers receive only 19 cents on every dollar spent on food
  • One bushel of corn products 2.5 gallons of ethanol
  • Minneasota has 16 ethanol plants and 3 biodiesel plants 
  •  Total ethanol production capacity is 620 million gallons annually 
Local Weather

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MINNESOTA FUN FACTS
  •  Bloomington and Minneapolis are the two farthest north latitude cities to ever host a World Series game.
  • Madison is the "Lutefisk capital of the United States".
  • The Bergquist cabin, built in 1870 by John Bergquist, a Swedish immigrant, is the oldest house in Moorhead still on its original site.
  • For many years, the world's largest twine ball has sat in Darwin. It weighs 17,400 pounds, is twelve feet in diameter, and was the creation of Francis A. Johnson.
  • The stapler was invented in Spring Valley.
  • Private Milburn Henke of Hutchinson was the first enlisted man to land with the first American Expeditionary Force in Europe in WWII on January 26, 1942.
  •  In Olivia a single half-husked cob towers over a roadside gazebo. It is 25 feet tall, made of fiberglass, and has been up since 1973.
  • The first Automatic Pop-up toaster was marketed in June 1926 by McGraw Electric Co. in Minneapolis under the name Toastmaster. The retail price was $13.50.
  • Rollerblades were the first commercially successful in-line Roller Skates. Minnesota students Scott and Brennan Olson invented them in 1980, when they were looking for a way to practice Hockey during the off-season. Their design was an ice hockey boot with 3 inline wheels instead of a blade.
  • The first Intercollegiate Basketball game was played in Minnesota on February 9,1895.
  • In 1919 a Minneapolis factory turned out the nations first armored cars.