Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Tuesday, September 18, 2018
 
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Stanford Grain Company Harvest Hours:
Monday-Saturday: 7AM-7PM
Sunday: Noon-5PM
(weather permitting)


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 75 cents, & Wheat 35 cents

2018 Fall Policy is Available
(click on link in the left margin)

Tuesday Morning Comments (9/18/18)
Good Morning.  Grain prices are mixed as corn and beans continue to struggle.  The Chicago wheat market is finding some support today as frost concerns in Australia are likely to cause more production issues there, which is on top of the already dry conditions.  President Trump ordered the go ahead on the next round of $200 Bln. of tariffs against China.  These tariffs will start Monday and will be assessed at 10%.  This round is expected to be raised to 25% by the end of the year to allow for companies in the U.S. to adjust.  China, once again, says that it will retaliate.   Trump responded with a threat to tariff another $267 Bln, which would then be basically all the goods that China exports to the U.S.  Corn harvest was estimated at 9% complete with  bean harvest at 6%.  Most of the cornbelt should see active harvest progress through the end of the week.  Rain is moving through the northern Midwest this morning.  Temps are expected to remain warm until the weekend, when a cool front will bring some increased chance of rain this weekend.  One weather watcher was hinting at a big cool down at the end of this month, but the American model says it should stay warm.  Green Plains is expected to shut down two ethanol plants in Iowa and slow one in Minnesota due to low margins.  Not much additional news expected out today, but global stocks are handling the tariffs news ok so far.  Have a good day. 
9/12 USDA Report

  USDA - Sept Avg. Est. USDA - Aug
Corn Production 14.827 14.506 14.586
Corn Yield 181.3 177.4 178.4
       
Bean Production 4.693 4.659 4.586
Bean Yield 52.85 52.5 51.6
       
Corn ending stocks 1.774 1.590 1.684
Bean ending stocks 0.845 0.836 0.785

Comments from Mid-Co Commodities

Average Price Program Results:
Fall Corn=$3.71
Fall Beans=$9.85

7-day precip forecast (Sept 18-Sept 25)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1537273069
Have a good & safe day!

Rather fail with honor than succeed by fraud.
Sophocles

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Local Cash Bids
 
  Fall 18 Dec Jan 19 Mar Fall 19
STANFORD CORN Cash Price
Basis
Futures Month @C8Z @C8Z @C9H @C9H @C9Z
  Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S8X @S9F @S9F @S9H @S9X
  Chart Chart Chart Chart Chart
Price as of 09/18/18 08:35AM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 18 348'0 348'6 347'0 347'0 -1'0 348'0 08:22A Chart for @C8Z Options for @C8Z
Mar 19 360'2 360'6 359'0 359'2 -0'6 360'0 08:20A Chart for @C9H Options for @C9H
May 19 368'4 368'6 367'4 367'4 -0'6 368'2 08:21A Chart for @C9K Options for @C9K
Jul 19 375'0 375'2 373'6 374'0 -0'6 374'6 08:11A Chart for @C9N Options for @C9N
Sep 19 380'2 380'4 379'2 379'2 -1'0 380'2 08:03A Chart for @C9U Options for @C9U
Dec 19 387'2 387'4 386'2 386'4 -0'6 387'2 08:16A Chart for @C9Z Options for @C9Z
Mar 20 398'4 398'4 398'4 398'4 0'0 398'4 08:00A Chart for @C0H Options for @C0H
May 20 406'4 406'4 405'2 405'2 -2'0 405'0s 07:45A Chart for @C0K Options for @C0K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 18 821'0 825'2 819'4 820'2 -3'2 823'4 08:23A Chart for @S8X Options for @S8X
Jan 19 835'0 839'0 833'2 834'4 -2'6 837'2 08:23A Chart for @S9F Options for @S9F
Mar 19 848'4 852'2 846'4 847'0 -3'4 850'4 08:15A Chart for @S9H Options for @S9H
May 19 861'6 865'2 859'6 860'4 -3'2 863'6 08:15A Chart for @S9K Options for @S9K
Jul 19 872'2 875'4 870'2 871'0 -3'0 874'0 08:06A Chart for @S9N Options for @S9N
Aug 19 875'4 875'4 875'4 875'4 -3'0 878'4 07:45A Chart for @S9Q Options for @S9Q
Sep 19 881'6 881'6 881'2 881'6 -0'2 882'0 08:10A Chart for @S9U Options for @S9U
Nov 19 886'6 890'0 884'2 885'6 -3'2 889'0 07:45A Chart for @S9X Options for @S9X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 18 506'2 514'2 506'2 513'4 7'2 506'2 08:18A Chart for @W8Z Options for @W8Z
Mar 19 525'2 533'0 525'0 532'2 7'0 525'2 08:18A Chart for @W9H Options for @W9H
May 19 540'0 546'2 540'0 546'0 6'6 539'2 08:12A Chart for @W9K Options for @W9K
Jul 19 546'6 551'6 545'4 551'2 5'6 545'4 07:45A Chart for @W9N Options for @W9N
Sep 19 556'0 560'4 556'0 560'4 6'0 554'4 07:45A Chart for @W9U Options for @W9U
Dec 19 570'6 570'6 570'6 570'6 1'4 569'2 08:16A Chart for @W9Z Options for @W9Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 18 94.180 94.195 93.880 93.980 -0.096 94.076 08:24A Chart for @DX8Z Options for @DX8Z
Mar 19 93.650 93.655 93.500 93.655 0.084 93.571 08:24A Chart for @DX9H Options for @DX9H
Jun 19 93.085 93.100 93.050 93.100 0.029 93.071 08:23A Chart for @DX9M Options for @DX9M
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Nov 18 77.78 79.37 77.46 79.00 0.95 78.05 08:23A Chart for EB8X Options for EB8X
Dec 18 77.33 78.87 77.01 78.51 0.92 77.59 08:23A Chart for EB8Z Options for EB8Z
Jan 19 76.86 78.48 76.68 78.13 0.90 77.23 08:23A Chart for EB9F Options for EB9F
My Custom Markets
Symbol Open High Low Last Change Close Time More

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DTN Grain News
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Asian Markets Turn Higher Tuesday 09/18 05:47


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Local Radar
Stanford, IL
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Local Forecast
Stanford, IL
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Saturday
High: 91°F
Low: 66°F
Precip: 0%
High: 90°F
Low: 67°F
Precip: 36%
High: 93°F
Low: 72°F
Precip: 25%
High: 83°F
Low: 63°F
Precip: 25%
High: 74°F
Low: 55°F
Precip: 0%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 72oF Feels Like: 73oF
Humid: 82% Dew Pt: 66oF
Barom: 30.03 Wind Dir: WSW
Cond: N/A Wind Spd: 3 mph
Sunrise: 6:39 Sunset: 6:59
As reported at BLOOMINGTON, IL at 8:00 AM
View complete Local Weather

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