Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Wednesday, November 22, 2017
 
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Thanksgiving Week Schedule:
Wednesday: Regular elevator & market hours.
Thursday: Elevator & markets closed.
Friday: Elevator open 8AM-12:30PM (office only)
Grain Markets Open 8:30AM-12:05PM 


CBOT Trading Hours:
7:00PM-7:45AM-Markets Open (Sun-Thurs)
7:45AM-8:30AM-Markets Closed
8:30AM-1:20PM-Markets Open
1:20PM-7:00PM-Markets Closed
Daily Limits: Corn 25 cents, Beans 65 cents, & Wheat 30 cents

Tuesday Afternoon Comments (11/21)
Corn futures closed unchanged in the Dec. while the next 3 months were only down a ¼ cent. Dec. was trying for a higher close for three sessions in a row, but will have to settle with two higher closes and an unchanged. The corn market was initially lower as the fundamentals continue to keep a lid on prices. Short covering by the massive fund net short position has supported the market in recent days and was able to pull corn back to steady by the close. Corn harvest progress was estimated at 90% complete vs. the average of 95%. The weather across the cornbelt looks fairly open for the next few days, which means progress should be able to finish up in many areas. Good weather in Brazil and improving weather in Argentina is also a negative for prices. Ethanol numbers will be out tomorrow. The USDA is expected to release their updated 10-year baseline projections next Tuesday. Support for Dec. corn is near $3.40, while resistance comes in near the 20-day moving average of $3.45 ½.

Soybean futures closed down a penny today with only a 5 cent range seen today. Jan beans traded back over all the major moving averages recently and that has provided support to futures this week. The managed money continues to be long bean futures and seem content to stay there. Resistance is tied to good Brazilian weather and improving Argentina weather. Soybean and corn planting is moving along fairly nicely in South America. Dry weather remains a little bit of a concern in Argentina but the forecast over the next few days suggest some relief is coming. The USDA is expected to release its updated 10-year baseline projections next week.

7-day precip forecast (Nov 21-Nov 28)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1511269206

Comments from Mid-Co Commodities

By failing to prepare, you are preparing to fail.
Benjamin Franklin

Have a good & safe night!

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Local Cash Bids
 
  Nov Dec Jan 18 March July Fall 18 Jan 19
STANFORD CORN Cash Price
Basis
Futures Month @C7Z @C7Z @C8H @C8H @C8N @C8Z @C9H
  Chart Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S8F @S8F @S8F @S8H @S8N @S8X @S9F
  Chart Chart Chart Chart Chart Chart Chart
Price as of 11/22/17 02:58AM CST.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 17 344'2 345'0 344'0 345'0 0'0 345'0 02:47A Chart for @C7Z Options for @C7Z
Mar 18 355'4 356'2 355'2 356'0 -0'2 356'2 02:46A Chart for @C8H Options for @C8H
May 18 364'0 364'2 363'4 364'2 -0'2 364'4 02:47A Chart for @C8K Options for @C8K
Jul 18 372'0 372'4 371'4 372'2 0'0 372'2 02:47A Chart for @C8N Options for @C8N
Sep 18 379'0 379'2 378'4 379'2 -0'2 379'4 02:46A Chart for @C8U Options for @C8U
Dec 18 387'4 388'0 387'0 388'0 0'0 388'0 02:46A Chart for @C8Z Options for @C8Z
Mar 19 396'2 396'2 396'2 396'2 -0'4 396'6 02:46A Chart for @C9H Options for @C9H
May 19 402'0 402'2 402'0 402'0 0'2 402'6s 02:46A Chart for @C9K Options for @C9K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 18 988'4 992'4 987'4 991'6 2'6 989'0 02:46A Chart for @S8F Options for @S8F
Mar 18 999'4 1003'6 998'6 1003'0 2'6 1000'2 02:47A Chart for @S8H Options for @S8H
May 18 1008'6 1013'2 1008'2 1012'4 2'4 1010'0 02:47A Chart for @S8K Options for @S8K
Jul 18 1017'2 1021'2 1016'4 1020'4 2'4 1018'0 02:46A Chart for @S8N Options for @S8N
Aug 18 1019'0 1020'2 1016'6 1019'2 -1'2 1018'6s 02:46A Chart for @S8Q Options for @S8Q
Sep 18 1009'2 1009'2 1009'2 1009'2 0'0 1009'2 02:46A Chart for @S8U Options for @S8U
Nov 18 1000'0 1003'4 999'2 1002'6 1'6 1001'0 02:46A Chart for @S8X Options for @S8X
Jan 19 1006'4 1006'4 1006'4 1006'4 0'0 1006'4 02:46A Chart for @S9F Options for @S9F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 17 424'6 426'0 424'0 425'0 0'2 424'6 02:47A Chart for @W7Z Options for @W7Z
Mar 18 441'2 443'0 440'6 442'0 0'6 441'2 02:47A Chart for @W8H Options for @W8H
May 18 453'4 454'6 453'0 453'6 0'6 453'0 02:47A Chart for @W8K Options for @W8K
Jul 18 466'4 468'0 466'2 467'0 0'6 466'2 02:46A Chart for @W8N Options for @W8N
Sep 18 480'4 482'2 480'4 481'4 1'0 480'4 02:47A Chart for @W8U Options for @W8U
Dec 18 498'4 500'2 498'4 499'4 1'0 498'4 02:47A Chart for @W8Z Options for @W8Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 17 93.855 93.880 93.655 93.725 -0.152 93.877 02:47A Chart for @DX7Z Options for @DX7Z
Mar 18 93.530 93.550 93.350 93.350 -0.197 93.547 02:47A Chart for @DX8H Options for @DX8H
Jun 18 93.340 93.340 93.200 93.200 -0.067 93.267 02:47A Chart for @DX8M Options for @DX8M
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Jan 18 62.78 63.39 62.71 63.23 0.66 62.57 02:46A Chart for EB8F Options for EB8F
Feb 18 62.57 63.09 62.45 62.96 0.64 62.32 02:46A Chart for EB8G Options for EB8G
Mar 18 62.24 62.82 62.21 62.71 0.62 62.09 02:46A Chart for EB8H Options for EB8H
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Local Radar
Stanford, IL
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Local Forecast
Stanford, IL
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High: 35°F
Low: 21°F
Precip: 0%
High: 45°F
Low: 27°F
Precip: 0%
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Low: 30°F
Precip: 20%
High: 43°F
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Low: 23°F
Precip: 0%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 23oF Feels Like: 14oF
Humid: 78% Dew Pt: 17oF
Barom: 30.36 Wind Dir: NNW
Cond: N/A Wind Spd: 8 mph
Sunrise: 6:50 Sunset: 4:33
As reported at BLOOMINGTON, IL at 2:00 AM
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