The CME is looking at St Louis as an additional delivery point for CBOT contracts.
Jeff Adkisson of the Grain and Feed Assoc of Illinois says his board will be looking at the impact of adding St Louis. He says it looks like a positive move, but it all depends on the discount, or basis versus Chicago that is set for St Louis.
Joe Camp of Agrivisor agrees with Adkisson in that adding St Louis could be a long term positive especially for Southern Illinois once the basis rate becomes established.
Right now, Pekin is the southernmost delivery point in Illinois.
