Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Saturday, July 23, 2016
 
Home
Stanford Grain Co.
Switchboard
Marketplace
My Website
Admin Login
2015 Fall Policy
  
 
 

American flag animated

Update!
Stanford Grain will accept Roundup Ready 2 Xtend soybeans since they have been 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 Afternoon Comments (7-22-16)
Corn futures finished the day 1 cent firmer – finding pressure from continued fund liquidation in beans. CZ traded a 20 cent range this week and lost 16½ cents this week compared to trading a 30 cent range last week and losing just 4 cents. As sharp as the rally and pull back have been this year (72 cents from early May to mid-June), last year’s rally was more pronounced at 90 cents from Mid-June to Mid-July. Funds were even at mid-day and are thought to be short roughly 15,000 contracts, so maybe we are trading fundamentals? This week it seems we moved away from weather forecasts 24/7 and are now spending more time focusing on demand and possible increases in yield potentials rather than hot/dry weather forecasts. Both short term and long term forecasts for the U.S. point to above normal temps and below normal precip but the heart of the corn belt is mostly in the normal range August and September. Thoughts continue that Brazil’s corn crop is still 3-4 MMT too high and this will filter into lower export projections with additional demand for U.S. and Ukraine corn being a possibility. Brazil has apparently pulled corn offers and Argentine corn is moving to Brazil. Argentina is having issues with a truck strike and bushels at port are an issue. This will ultimately be resolved, though.

Soybean futures closed 23-26 cents lower but 22 cents off session lows for SX! Funds were sellers of 25,000+ contracts at mid-day and are still estimated long 100,000+ contracts. They were also sellers of 8,000 meal and 6,000 soyoil contracts at mid-day. Until the selling subsides or weather issues resurface, soybeans most likely remain defensive. SX had another 100+ cent trading range this week, but unlike last week where they finished the week close to unchanged, this week they lost 69 cents. Last year SX rallied 138 cents from mid to late June. This year SX rallied 300 cents early March to mid-June. Weather forecasts remain warm/dry for August but if we go into the month with ample soil moisture, this will offset that forecast to some degree, which could temper convictions we will see a large rebound in futures in August. There are analysts bold enough now to talk of yields above USDA projections.

Wheat finished the day 9-10 cents higher and WZ finished the week a ½ cent higher. Funds already holding a sizeable short position, seasonal lows usually formed at this time, and EU (especially French) production being reduced is expected to help wheat rally at least to some degree.

1.25" rain at the elevator Thursday night/Friday morning.

7 Day Rain Forecast (July 22-29)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1469190228

Comments from Mid-Co Commodities. 

Have a good & safe weekend!

Don't be afraid to give up the good to go for the great.
John D. Rockefeller

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

Help Wanted:
Full time Semi Driver/Grain Elevator Worker
Experience Preferred
Class A CDL/Clean Driving Record
Apply at or Send Resume to:
Stanford Grain Co.
207 W. Main
P. O. Box 350
Stanford, IL 61774

 

 


Local Cash Bids
 
  July Aug Fall 16 Jan 17 Fall 17 Jan 18
STANFORD CORN Cash Price
Basis
Futures Month @C6U @C6U @C6Z @C7H @C7Z @C8H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S6Q @S6Q @S6X @S7F @S7X @S8F
  Chart Chart Chart Chart Chart Chart
Price as of 07/23/16 09:57AM CDT.
Month Symbols
Click to view more Cash Bids

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 16 334'4 336'6 326'6 336'4 0'6 335'0s 07/22 Chart for @C6U Options for @C6U
Dec 16 340'6 343'2 333'2 343'2 1'0 341'6s 07/22 Chart for @C6Z Options for @C6Z
Mar 17 350'6 352'4 342'6 352'4 1'2 351'4s 07/22 Chart for @C7H Options for @C7H
May 17 356'2 358'6 349'0 358'6 1'0 357'0s 07/22 Chart for @C7K Options for @C7K
Jul 17 361'2 364'0 354'4 364'0 1'6 362'4s 07/22 Chart for @C7N Options for @C7N
Sep 17 365'6 367'6 359'4 367'2 1'6 367'0s 07/22 Chart for @C7U Options for @C7U
Dec 17 373'2 374'2 367'4 373'6 -0'2 373'0s 07/22 Chart for @C7Z Options for @C7Z
Mar 18 382'0 382'0 380'0 382'0 0'2 382'2s 07/22 Chart for @C8H Options for @C8H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 16 1034'2 1037'0 985'0 1008'0 -26'0 1006'4s 07/22 Chart for @S6Q Options for @S6Q
Sep 16 1027'2 1029'6 978'0 1000'0 -26'6 998'6s 07/22 Chart for @S6U Options for @S6U
Nov 16 1014'6 1016'4 966'2 989'0 -24'2 988'2s 07/22 Chart for @S6X Options for @S6X
Jan 17 1014'0 1016'2 967'0 989'6 -23'4 989'2s 07/22 Chart for @S7F Options for @S7F
Mar 17 1005'6 1007'6 960'6 983'0 -22'2 982'2s 07/22 Chart for @S7H Options for @S7H
May 17 1001'0 1001'0 959'6 979'0 -21'0 978'2s 07/22 Chart for @S7K Options for @S7K
Jul 17 1000'0 1000'0 960'4 978'6 -20'4 978'2s 07/22 Chart for @S7N Options for @S7N
Aug 17 962'6 962'6 962'6 962'6 -19'2 970'4s 07/22 Chart for @S7Q Options for @S7Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 16 417'2 427'0 407'0 425'6 7'4 425'2s 07/22 Chart for @W6U Options for @W6U
Dec 16 440'6 451'4 431'6 450'6 9'0 450'2s 07/22 Chart for @W6Z Options for @W6Z
Mar 17 464'0 475'6 455'4 475'2 10'6 475'2s 07/22 Chart for @W7H Options for @W7H
May 17 477'0 487'6 468'6 487'0 10'2 487'2s 07/22 Chart for @W7K Options for @W7K
Jul 17 489'0 495'4 477'0 495'4 9'4 494'6s 07/22 Chart for @W7N Options for @W7N
Sep 17 495'0 507'4 490'0 506'4 9'2 506'4s 07/22 Chart for @W7U Options for @W7U
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 16 96.895 97.585 96.860 97.415 0.470 97.516s 07/22 Chart for @DX6U Options for @DX6U
Dec 16 96.890 97.565 96.880 97.425 0.460 97.496s 07/22 Chart for @DX6Z Options for @DX6Z
Mar 17 97.445 97.485 97.445 97.485 0.454 97.510s 07/22 Chart for @DX7H Options for @DX7H
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Sep 16 46.21 46.50 45.17 45.74 -0.51 45.69s 07/22 Chart for EB6U Options for EB6U
Oct 16 46.61 46.91 45.60 46.14 -0.53 46.09s 07/22 Chart for EB6V Options for EB6V
Nov 16 46.98 47.27 46.00 46.58 -0.51 46.48s 07/22 Chart for EB6X Options for EB6X
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

DTN Grain News
DTN Early Word Grains 07/22 05:57
DTN Midday Grain Comments 07/22 11:44
DTN Closing Grain Comments 07/22 13:49
DTN National HRS Index 07/22
Portland Grain Review 07/21
Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Fri, July 22
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 22
USDA Daily Market Rates 07/22 06:47

DTN Ag Headline News
Fire From the Sky
DTN Distillers Grain Weekly Update
Aggies Gather at RNC
Sorghum Pest Alert
WOTUS Pitfalls Loom
Rust Alert
DTN Retail Fertilizer Trends
Kub's Den
Trade, Local Foods Promoted

Headline News
Clinton, Kaine Ticket to Debut in Fla. 07/23 09:47
IS Attack in Afghanistan Kills 61 07/23 09:54
Trump's Cruz Criticism Renews Questions07/23 09:43
Munich Suspect Obsessed With Shootings 07/23 09:50
Poll:Support Grows for Strict Gun Laws 07/23 09:53
Sympathetic Whites Fuel Racial Change 07/23 09:46
Turkey Seizes Institutions in Crackdown07/23 09:49
Stocks Creep Higher Friday 07/22 16:25


Photos

 


Local Radar
Stanford, IL
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Forecast
Stanford, IL
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 88°F
Low: 72°F
Precip: 20%
High: 91°F
Low: 74°F
Precip: 54%
High: 84°F
Low: 71°F
Precip: 55%
High: 86°F
Low: 66°F
Precip: 0%
High: 85°F
Low: 67°F
Precip: 0%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 81oF Feels Like: 88oF
Humid: 85% Dew Pt: 76oF
Barom: 30.05 Wind Dir: SSW
Cond: N/A Wind Spd: 6 mph
Sunrise: 5:45 Sunset: 8:19
As reported at BLOOMINGTON, IL at 9:00 AM
View complete Local Weather

DTN Videos
 03:09
7/22/2016 Soybeans Plummet Lower
 04:18
7/22/2016 Crop Weather Outlook
 01:24
7/22/216 Soybeans Drop Friday
 03:22
7/22/2016 Timely Midwest Rain Friday

Links

Google Search

Google

KNOW BEFORE YOU GROW

NCGA Corn Hybrid Site

Know before you grow


 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN