Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Sunday, March 29, 2015
 
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Stanford Grain Will Be Closed Friday April 3rd for Good Friday
(Grain markets are Closed, will reopen @ 7:00PM Sunday April 5th)


Friday Afternoon Comments (3/27)
Corn closed steady to a ¼ cent lower in a 4 cent trading range. Funds were sellers of 1,500 contracts by mid-session.  Corn had a nice rally going from last Wednesday until weakness in wheat seemingly halted the rebound yesterday. For the week CK managed to firm 6 cents.  The stocks and acreage report looms large as we head to the end of March.  Average estimates show corn acres at 88.73 mln. and quarterly stocks at 7.61 bln. bu.  The corn acreage and stocks portion of the report feel more important than soybeans going into the report as the balance sheets are a bit tighter for both 14/15 and possibly for 15/16.  After the report, the market will focus more closely on U.S. weather.  Forecasts into the first part of April point to a series of fronts moving through the Midwest with the lower Midwest remaining on the wet side and hampering field work.  Longer term, El Nino conditions strengthening point to a better chance of cool conditions in the Midwest this summer.  The weekly ethanol report showed corn usage at 100.1 mln. bu.  Weekly corn sales of 17.1 mln. bu. were disappointing and YTD commitments of 1,456 mln. bu. are 130 mln. bu. below last year.  The market also chose to follow the dollar and crude oil futures this week with the dollar a bit easier to end the week and crude oil faltering today and trading below the $50 level.

Soybeans closed 6-7 cents lower in a 10 cent trading range today.  Funds were sellers of 4,000 bean contracts, 800 meal contracts, and 3,000 soyoil contracts by mid-session.  For the week SK lost 6½ cents.  Soybeans traded higher Monday and spent the balance of the week on the defensive.  S. American harvest is progressing without too many problems as weather remains conducive to harvest.  Brazil is still working with truckers regarding their grievances and Argentina is expecting a dock strike, but neither issue is expected to slow shipping to any great degree.  The stocks and acreage report on the 31st is expected to show 85.9 mln. acres of soybeans in prospective plantings and quarterly stocks of 1.346 bln. bu.  Weekly export sales were better than expected at 18.6 mln. bu. and bring YTD commitments to 1,781 mln. bu. but the trade remains focused on S. American offerings undercutting U.S. offers.  

Wheat had a much quieter day today as it closed 7-8 cents higher after yesterday’s sell-off which was tied to improving weather in Europe/Black Sea region as well as from a lack of export demand for U.S. wheat.  YTD export commitments are 263 mln. bu. last year.

Have a good & safe weekend!

Just do the best you can. No one can do more than that.
John Wooden

 ACH Payments are now available. 
Call for details or to sign up.

2015 Crop
As you make plans for your 2015 crop, Stanford Grain will accept grain with the Viptera trait but WILL NOT accept corn with the Duracade trait.
Thank You for your cooperation.

 

 


Local Cash Bids
 
  Mar April May July Fall 15 Jan 16
STANFORD CORN Cash Price
Basis
Futures Month @C5K @C5K @C5K @C5N @C5Z @C6H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S5K @S5K @S5K @S5N @S5X @S6F
  Chart Chart Chart Chart Chart Chart
Price as of 03/29/15 09:16PM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 15 391'4 391'4 390'0 391'2 0'2 391'0 09:04P Chart for @C5K Options for @C5K
Jul 15 399'0 399'4 398'0 399'4 0'4 399'0 09:04P Chart for @C5N Options for @C5N
Sep 15 406'4 406'6 405'6 406'6 0'2 406'4 09:04P Chart for @C5U Options for @C5U
Dec 15 415'0 415'4 414'0 415'2 0'4 414'6 09:04P Chart for @C5Z Options for @C5Z
Mar 16 424'0 424'0 424'0 424'0 0'2 423'6 09:04P Chart for @C6H Options for @C6H
May 16 430'2 430'2 430'2 430'2 0'0 430'2 09:04P Chart for @C6K Options for @C6K
Jul 16 433'6 435'4 432'4 434'4 0'2 434'4s 09:00P Chart for @C6N Options for @C6N
Sep 16 429'0 0'0 425'4s 08:41P Chart for @C6U Options for @C6U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 15 968'0 972'0 966'2 971'4 4'2 967'2 09:04P Chart for @S5K Options for @S5K
Jul 15 972'0 977'0 971'2 976'2 4'0 972'2 09:04P Chart for @S5N Options for @S5N
Aug 15 971'0 975'6 970'6 974'4 3'2 971'2 09:04P Chart for @S5Q Options for @S5Q
Sep 15 955'6 959'2 955'6 959'0 2'2 956'6 09:04P Chart for @S5U Options for @S5U
Nov 15 948'6 953'4 947'2 953'4 4'6 948'6 09:04P Chart for @S5X Options for @S5X
Jan 16 953'0 955'0 953'0 955'0 1'4 953'4 09:04P Chart for @S6F Options for @S6F
Mar 16 955'4 955'4 Chart for @S6H Options for @S6H
May 16 957'0 960'0 957'0 960'0 3'2 956'6 09:04P Chart for @S6K Options for @S6K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 15 513'2 513'4 511'0 513'4 5'6 507'6 09:03P Chart for @W5K Options for @W5K
Jul 15 517'0 517'2 515'0 517'0 5'0 512'0 09:03P Chart for @W5N Options for @W5N
Sep 15 524'6 526'2 524'6 526'2 5'2 521'0 09:03P Chart for @W5U Options for @W5U
Dec 15 539'2 540'4 538'2 540'0 5'0 535'0 09:03P Chart for @W5Z Options for @W5Z
Mar 16 544'0 548'2 542'4 548'0 6'2 548'2s 09:03P Chart for @W6H Options for @W6H
May 16 552'2 556'0 549'0 556'0 7'0 556'4s 09:02P Chart for @W6K Options for @W6K
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Jun 15 17580.00 17636.00 17545.00 17592.00 23.00 17626.00s 03/27 Chart for +DJ5M Options for +DJ5M
Sep 15 17617.00 215.00 17617.00s Chart for +DJ5U Options for +DJ5U
Dec 15 17527.00 215.00 17527.00s Chart for +DJ5Z Options for +DJ5Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 15 97.620 97.875 97.575 97.755 0.235 97.520 09:04P Chart for @DX5M Options for @DX5M
Sep 15 98.125 98.330 98.105 98.240 0.255 97.985 09:04P Chart for @DX5U Options for @DX5U
Dec 15 98.745 98.775 98.735 98.735 0.280 98.455 08:53P Chart for @DX5Z Options for @DX5Z
EB - BRENT CRUDE - ICEFE
Month Open High Low Last Change Close Time More
May 15 55.96 56.49 55.57 56.06 -0.35 56.41 09:04P Chart for EB5K Options for EB5K
Jun 15 56.79 57.37 56.47 56.95 -0.33 57.28 09:04P Chart for EB5M Options for EB5M
Jul 15 57.40 58.09 57.40 57.68 -0.37 58.05 09:04P Chart for EB5N Options for EB5N
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Temp: 51oF Feels Like: 51oF
Humid: 66% Dew Pt: 40oF
Barom: 29.92 Wind Dir: WSW
Cond: N/A Wind Spd: 13 mph
Sunrise: 6:42 Sunset: 7:17
As reported at BLOOMINGTON, IL at 8:00 PM
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