Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Sunday, May 1, 2016
 
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Stanford Grain will not be accepting Roundup Ready 2 Xtend soybeans until they are approved for export to the EU.  Thank You for your cooperation.

CBOT Trading Hours:
7:00PM-7:45AM-Markets Open (Sun-Thurs)
7:45AM-8:30AM-Markets Closed
8:30AM-1:15PM-Markets Open
1:15PM-7:00PM-Markets Closed
Daily Limits: Corn 25 cents, Beans 65 cents, & Wheat 35 cents

Business Hours:
7:30-4:00

Friday Morning Comments (4-29-16)
Corn futures closed mixed on what turned out to be pretty quiet day overall. July corn traded on both sides of unchanged as the market felt a little tired after another busy week of trading. July corn closed 16 ¼ cents higher. This makes 2 out of the last 3 weeks that the weekly chart shows gains of 16 cents or more. The news cycle continues to circulate the same stories, with a friendly theme in most of them. Concerns about the weather in South America, an improved export picture, and a lower dollar have all offered support to corn this week. Dry weather in Brazil has lowered the private estimates of its corn crop. One estimate out today lowered the 15/16 Brazil crop by 7.6 MMT to 79.5 MMT. The Bunge CEO stated that Brazil could lose 5 to 10 MMT of exports due to the smaller crop size. The USDA is currently estimating the Brazil corn crop at 84 MMT, and Brazilian exports at 28 MMT. U.S. export business has improved as the competitive edge is evident in the recent upswing in weekly sales numbers. The big 85 Mln. bu. weekly number yesterday included a very large sale to Japan. The USDA announced another sale of 100,000 tons to Japan this morning. The dollar continues to weaken as it moved into new recent lows today and is the lowest level since late last summer. Rain moves through the cornbelt tonight and tomorrow. Next week does look warmer and drier, which should allow progress to continue. Monday’s crop progress report is expected to show another sizable jump from this week’s 30% complete.

Soybeans were mixed with the nearby months gaining on the deferreds today. Like corn, news was limited. The outside markets were generally supportive with the lower dollar. The funds continue to be interested in maintaining their large net long position. The CFTC will update fund positions this afternoon, which will likely have some bearing on Sunday night’s trade. The size of the Argentina bean crop is being highly debated. Some losses are expected due to the wet weather, but a drier trend is expected over the next few days. This should aid an active harvest progress pace. One estimate today at Argentina corn and bean harvest at 25% complete. China is rumored to have a renewed appetite for buying beans with the U.S. likely included in some way. Bean planting progress should be more active next week as the calendar turns and the forecast dries out. Bean planting in this week’s report was 3% done, and is expected to jump to near 10% on Monday’s report. July beans did have a strong week, closing up 33 ½ cents.
Comments from Mid-Co Commodities

Have a good & safe weekend!

Be grateful for what you have and stop complaining - it bores everybody else, does you no good, and doesn't solve any problems.
Zig Ziglar
 

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Local Cash Bids
 
  May June July Fall 16 Jan 17 Fall 17
STANFORD CORN Cash Price
Basis
Futures Month @C6N @C6N @C6N @C6Z @C7H @C7Z
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S6N @S6N @S6N @S6X @S7F @S7X
  Chart Chart Chart Chart Chart Chart
Price as of 05/01/16 12:24PM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 16 387'0 392'0 385'0 391'0 3'2 390'2s 04/29 Chart for @C6K Options for @C6K
Jul 16 390'6 395'2 388'2 392'0 0'4 391'6s 04/29 Chart for @C6N Options for @C6N
Sep 16 390'0 393'6 387'2 391'6 1'2 391'6s 04/29 Chart for @C6U Options for @C6U
Dec 16 393'4 397'2 390'6 395'0 0'6 395'2s 04/29 Chart for @C6Z Options for @C6Z
Mar 17 401'2 405'0 399'2 402'4 -0'2 402'6s 04/29 Chart for @C7H Options for @C7H
May 17 404'4 410'0 404'4 407'0 -0'4 407'4s 04/29 Chart for @C7K Options for @C7K
Jul 17 409'0 414'2 409'0 411'0 -1'2 411'4s 04/29 Chart for @C7N Options for @C7N
Sep 17 408'4 409'0 405'2 405'2 0'0 407'0s 04/29 Chart for @C7U Options for @C7U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 16 1015'2 1029'0 1009'0 1021'0 3'0 1021'0s 04/29 Chart for @S6K Options for @S6K
Jul 16 1025'0 1038'2 1018'2 1029'6 2'2 1029'6s 04/29 Chart for @S6N Options for @S6N
Aug 16 1025'4 1039'0 1019'6 1030'2 2'0 1030'4s 04/29 Chart for @S6Q Options for @S6Q
Sep 16 1016'2 1025'0 1008'4 1016'6 0'6 1017'2s 04/29 Chart for @S6U Options for @S6U
Nov 16 1007'0 1016'0 1000'4 1007'6 -0'6 1007'6s 04/29 Chart for @S6X Options for @S6X
Jan 17 1006'2 1016'4 1002'4 1008'0 -0'4 1009'0s 04/29 Chart for @S7F Options for @S7F
Mar 17 1001'4 1009'4 995'4 1000'6 -1'6 1001'4s 04/29 Chart for @S7H Options for @S7H
May 17 998'2 1003'2 991'0 997'4 -3'0 997'6s 04/29 Chart for @S7K Options for @S7K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 16 472'2 480'4 470'4 479'0 2'4 478'0s 04/29 Chart for @W6K Options for @W6K
Jul 16 483'6 490'6 480'6 488'2 3'0 488'4s 04/29 Chart for @W6N Options for @W6N
Sep 16 494'4 501'0 491'4 497'6 3'0 498'2s 04/29 Chart for @W6U Options for @W6U
Dec 16 512'4 519'2 510'0 515'6 3'6 516'0s 04/29 Chart for @W6Z Options for @W6Z
Mar 17 529'4 536'2 527'4 532'6 4'2 533'0s 04/29 Chart for @W7H Options for @W7H
May 17 539'0 544'4 538'2 541'2 4'6 543'2s 04/29 Chart for @W7K Options for @W7K
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 16 93.720 93.720 92.975 93.025 -0.673 93.054s 04/29 Chart for @DX6M Options for @DX6M
Sep 16 93.780 93.780 93.065 93.115 -0.670 93.147s 04/29 Chart for @DX6U Options for @DX6U
Dec 16 93.800 93.800 93.090 93.185 -0.683 93.187s 04/29 Chart for @DX6Z Options for @DX6Z
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Jun 16 47.90 48.50 47.41 48.14 -0.01 48.13s 04/29 Chart for EB6M Options for EB6M
Jul 16 47.57 48.29 46.76 47.32 -0.40 47.37s 04/29 Chart for EB6N Options for EB6N
Aug 16 47.90 48.59 47.14 47.69 -0.37 47.74s 04/29 Chart for EB6Q Options for EB6Q
My Custom Markets
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Temp: 55oF Feels Like: 55oF
Humid: 100% Dew Pt: 55oF
Barom: 29.98 Wind Dir: NE
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:53 Sunset: 7:51
As reported at BLOOMINGTON, IL at 12:00 PM
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