Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Wednesday, August 24, 2016
 
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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.


2016 Fall Policy is available at the bottom of the left hand column

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

Tuesday Afternoon Comments (8-23-16)
Corn futures finished 4 to 5 cents lower as corn ratings continue to argue for the potential for good crops. Corn in the good to excellent category improved by 1% to 75% good to excellent. Illinois was steady at 84% good to excellent and Iowa at 83% good to excellent. Ohio and Indiana both got 2% better as recent rains have helped stabilize the crop. Corn maturity continues to move along with dough at 85% (76% avg.), and dent at 40% (avg. at 35%). The ProFarmer crop tour is ongoing with South Dakota and Ohio yield estimates issued last night. The tour put South Dakota near 150 bpa versus the USDA at 147. Ohio was estimated at 149 bpa versus the USDA at 163. Both of these states had prolonged dry periods this summer so the lower yields were not a surprise to the trade. The tour is expected to find better yield potential as it moves across the cornbelt, which would coincide with the crop ratings and the USDA’s state by state yield estimates. Indiana and Nebraska estimates should be given tonight with the annual Illinois gathering in Bloomington tonight. Corn was also pulled lower by wheat today. There is just too much wheat domestically and in the world. Canada wheat production numbers were out this morning with 2016 wheat at 30.5 MMT versus 27.6 MMT in 2015. Canola production was estimated at 17.0 MMT versus 17.2 MMT in 2015.

Soybeans closed weaker on a fairly quiet day overall. In recent days, the bean market seems to be following the daily announcement cycle. On days where an announcement of a bean sale is made, the trade is reminded of the good demand profile and tries to bounce. On the days where no confirmation is made, the bean market seems to be disappointed and tries to work lower. Today was a day with no sales reported so a weaker tone was noted. Also, aiding the decline was a steady rating for soybeans in the good to excellent category. The rating was kept at 72% good to excellent. Illinois was steady at 79% good to excellent and Iowa was also steady at 82%. Beans that are setting pods are 89% (85% avg.). There were no other bean maturity categories listed on a composite basis. The ProFarmer crop tour doesn’t put a bean yield to its findings on the tour, but does count pods. South Dakota pod counts were down 8% from a year ago. Ohio was down 6% from the year prior.

Corn Condition: US 75% G/E  vs 74% G/E LW; IL 84 % G/E vs 84% LW
Bean Conditions: US 72% G/E vs 72% LW; IL 79% G/E vs 80% G/E LW

7-day rainfall forecast  (Aug 23-30)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1471953279

Comments from Mid-Co Commodities. 

Have a good & safe night!

Do all the good you can, by all the means you can, in all the ways you can, in all the places you can, at all the times you can, to all the people you can, as long as you can.
John Wesley

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

Seasonal Harvest Help Wanted
Outside Grain Elevator Operator wanted to help get elevator ready for harvest and work through harvest.  Approx. 10 weeks of 40hrs + per week.  Primary responsibility will be to unload trucks & wagons delivering grain to the elevator and to maintain a clean work area. 
Overtime and weekend hours are required. 
Apply at:
Stanford Grain Company
207 W. Main St. Stanford, IL 61774

 

 


Local Cash Bids
 
  Aug Fall 16 Dec Jan 17 Fall 17 Jan 18
STANFORD CORN Cash Price
Basis
Futures Month @C6U @C6Z @C6Z @C7H @C7Z @C8H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S6X @S6X @S7F @S7F @S7X @S8F
  Chart Chart Chart Chart Chart Chart
Price as of 08/24/16 03:20AM CDT.
Month Symbols
Click to view more Cash Bids

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 16 328'2 328'4 326'0 326'4 -2'0 328'4 03:10A Chart for @C6U Options for @C6U
Dec 16 337'0 337'4 334'6 335'4 -1'6 337'2 03:10A Chart for @C6Z Options for @C6Z
Mar 17 347'0 347'2 344'6 345'4 -1'4 347'0 03:10A Chart for @C7H Options for @C7H
May 17 353'6 353'6 351'6 352'4 -1'2 353'6 03:10A Chart for @C7K Options for @C7K
Jul 17 360'6 360'6 358'2 359'0 -1'6 360'6 03:10A Chart for @C7N Options for @C7N
Sep 17 367'4 367'4 365'2 366'2 -1'4 367'6 03:10A Chart for @C7U Options for @C7U
Dec 17 377'2 377'2 374'6 374'6 -2'4 377'2 03:10A Chart for @C7Z Options for @C7Z
Mar 18 386'4 387'6 385'0 386'6 -3'2 386'6s 03:09A Chart for @C8H Options for @C8H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 16 1033'4 1036'0 1026'0 1028'4 -5'6 1034'2 03:09A Chart for @S6U Options for @S6U
Nov 16 1013'0 1014'0 1003'2 1006'4 -7'0 1013'4 03:09A Chart for @S6X Options for @S6X
Jan 17 1013'0 1014'2 1004'0 1006'6 -7'4 1014'2 03:09A Chart for @S7F Options for @S7F
Mar 17 1010'0 1010'4 1000'6 1003'2 -7'4 1010'6 03:09A Chart for @S7H Options for @S7H
May 17 1007'0 1007'0 997'6 1001'0 -6'6 1007'6 03:09A Chart for @S7K Options for @S7K
Jul 17 1006'4 1006'6 997'0 999'2 -7'2 1006'4 03:09A Chart for @S7N Options for @S7N
Aug 17 998'0 998'0 992'0 992'0 -7'0 999'0 03:09A Chart for @S7Q Options for @S7Q
Sep 17 974'4 -1'4 975'0s 03:09A Chart for @S7U Options for @S7U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 16 407'6 409'2 404'0 404'4 -3'2 407'6 03:09A Chart for @W6U Options for @W6U
Dec 16 426'6 428'4 423'4 424'6 -2'6 427'4 03:09A Chart for @W6Z Options for @W6Z
Mar 17 449'4 450'6 446'4 447'2 -2'6 450'0 03:09A Chart for @W7H Options for @W7H
May 17 464'0 464'0 461'0 461'0 -3'4 464'4 03:10A Chart for @W7K Options for @W7K
Jul 17 473'4 473'4 469'6 469'6 -3'6 473'4 03:10A Chart for @W7N Options for @W7N
Sep 17 493'2 494'2 488'0 489'6 -7'6 487'4s 03:09A Chart for @W7U Options for @W7U
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 16 94.550 94.670 94.490 94.600 0.106 94.494 03:09A Chart for @DX6U Options for @DX6U
Dec 16 94.500 94.625 94.475 94.555 0.096 94.459 03:09A Chart for @DX6Z Options for @DX6Z
Mar 17 94.460 94.460 94.460 94.460 0.036 94.424 03:09A Chart for @DX7H Options for @DX7H
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Oct 16 49.57 49.68 49.07 49.23 -0.73 49.96 03:09A Chart for EB6V Options for EB6V
Nov 16 49.76 50.01 49.44 49.57 -0.75 50.32 03:09A Chart for EB6X Options for EB6X
Dec 16 50.28 50.39 49.83 49.96 -0.77 50.73 03:10A Chart for EB6Z Options for EB6Z
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Local Radar
Stanford, IL
Chg Zip Code: 
 
Radar
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Local Forecast
Stanford, IL
Chg Zip:

Wednesday

Thursday

Friday

Saturday

Sunday
High: 84°F
Low: 69°F
Precip: 80%
High: 80°F
Low: 69°F
Precip: 80%
High: 79°F
Low: 63°F
Precip: 20%
High: 81°F
Low: 63°F
Precip: 47%
High: 84°F
Low: 67°F
Precip: 60%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 70oF Feels Like: 70oF
Humid: 88% Dew Pt: 66oF
Barom: 30.09 Wind Dir: S
Cond: N/A Wind Spd: 16 mph
Sunrise: 6:15 Sunset: 7:39
As reported at BLOOMINGTON, IL at 2:00 AM
View complete Local Weather

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