Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Sunday, December 21, 2014
 
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Stanford Grain Holiday Hours:
Wednesday 12/24: Closing at Noon
Thursday 12/25: Closed for Christmas
Friday 12/26: Regular Business Hours
Wednesday 12/31: Closing at 1:30 (Markets close at 1:15)
ALL 2014 Business MUST be done BEFORE 1:30!
Thursday 1/1: Closed
Friday 1/2: Regular Business Hours 
 

Friday Afternoon Comments (12/19)
Last full week of trading in 2014 and there was plenty going on news-wise. Corn finished the day mixed on either side of unchanged while CH gained 3 cents this week. Funds were sellers of 2,000 contracts by mid-day. The China/MIR 162 issue seemingly was resolved this week with the trade coming to the conclusion this was beneficial to DDGS exports but would not have much if any impact on actual corn exports to China. Weekly ethanol corn usage report at 104 mln. bu. shows continued good demand but there is concern in the background over being able to continue this pace. Weekly corn export sales of 27.3 mln. bu. (YTD commitments at .961 bln. bu. vs. 1.041 last year) did not excite the market but we did sell 101 tmt of corn to Mexico and 135 tmt to Japan in overnight announcements. Informa’s latest acreage estimate for 2015 came in at 88.0 mln. acres, 2.9 mln. acres below 2014, though possibly not as big a drop as indicated as the market will not be surprised by a drop in 2014 acres in January’s S&D report. Informa estimates 2015 corn production at 13.4 bln. bu. A lower carryout for 14/15 and less production in 2015 coupled with steady demand, and 15/16 ending stocks could approach 1.5 bln. bu. This is probably in the back of the market’s mind.

Soybeans were defensive through the session with funds selling 3,000 contracts by mid-day and futures closing 3-5 cents lower. SF lost 17 cents this week. A "disappointing" November crush number of 161 mln. bu. on Monday set the tone for beans this week. Weekly export sales of 25.6 mln. bu. are not bad but allow bears to point to declining weekly sales (still, YTD commitments are 1.512 bln. bu. vs. 1.431 bln. bu. last year.) S. American weather remains non-threatening other than some dry areas in southern Argentina. Market finally starting to pay attention to big bean supplies in North and South America? Informa’s latest acreage estimate for 2015 is 88.8 mln. bu., 4.6 mln. acres above 2014. Informa estimates 2015 production at 3.96 bln. bu. If realized, soybean carryout in 15/16 could exceed 650 mln. bu.

Wheat the commodity of interest this week as the Russia/Ruble/Crude Oil/Wheat export storyline kept the market’s attention. Fears over Russia slowing/halting wheat exports are ultimately being offset by the realization other wheat growing areas would quickly fill the void. Wheat futures fell roughly 20 cents today but Chicago WH still managed to gain 26 cents this week.
 Comments from Mid-Co Commodities
Have a good & safe weekend!

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2015 Crop
As you make plans for your 2015 crop, Stanford Grain will not accept grain with the Viptera and Duracade traits.
Thank You for your cooperation.

 

 


Local Cash Bids
 
  Dec Jan Feb Mar July Fall 15 Jan 16
STANFORD CORN Cash Price
Basis
Futures Month @C5H @C5H @C5H @C5H @C5N @C5Z @C6H
  Chart Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S5F @S5F @S5H @S5H @S5N @S5X @S6F
  Chart Chart Chart Chart Chart Chart Chart
Price as of 12/21/14 05:10PM CST.
Month Symbols
Click to view more Cash Bids

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 410'6 411'2 405'0 410'6 -0'4 410'4s 04:54P Chart for @C5H Options for @C5H
May 15 419'0 419'6 413'4 419'4 -0'4 419'0s 04:40P Chart for @C5K Options for @C5K
Jul 15 425'6 426'6 420'0 426'4 -0'2 426'0s 04:46P Chart for @C5N Options for @C5N
Sep 15 428'0 429'2 423'2 429'2 -0'2 428'2s 04:40P Chart for @C5U Options for @C5U
Dec 15 434'0 435'4 429'0 435'2 0'2 435'0s 04:53P Chart for @C5Z Options for @C5Z
Mar 16 442'0 444'0 437'6 444'0 0'4 443'4s 04:12P Chart for @C6H Options for @C6H
May 16 448'0 448'0 445'6 447'4 0'4 449'2s 04:28P Chart for @C6K Options for @C6K
Jul 16 451'4 452'0 448'4 452'0 0'6 453'2s 04:00P Chart for @C6N Options for @C6N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 15 1034'6 1035'6 1022'4 1030'2 -4'4 1030'4s 04:58P Chart for @S5F Options for @S5F
Mar 15 1043'0 1044'0 1030'2 1038'2 -4'6 1038'4s 04:40P Chart for @S5H Options for @S5H
May 15 1050'0 1051'0 1037'6 1045'6 -4'2 1046'0s 04:40P Chart for @S5K Options for @S5K
Jul 15 1055'0 1056'2 1043'4 1052'2 -4'0 1052'0s 04:40P Chart for @S5N Options for @S5N
Aug 15 1049'6 1052'0 1044'4 1046'0 -3'0 1050'6s 04:40P Chart for @S5Q Options for @S5Q
Sep 15 1034'4 1034'4 1024'0 1024'0 -2'0 1032'4s 02:00P Chart for @S5U Options for @S5U
Nov 15 1019'0 1022'0 1008'4 1017'6 -2'2 1017'4s 04:17P Chart for @S5X Options for @S5X
Jan 16 1023'6 1025'0 1014'4 1020'4 -2'0 1023'2s 02:00P Chart for @S6F Options for @S6F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 654'0 654'4 629'2 633'0 -23'0 632'2s 04:53P Chart for @W5H Options for @W5H
May 15 655'0 655'0 632'0 635'4 -21'6 635'0s 04:11P Chart for @W5K Options for @W5K
Jul 15 652'0 652'4 629'0 635'2 -19'6 634'2s 02:00P Chart for @W5N Options for @W5N
Sep 15 648'0 648'4 635'0 641'6 -19'4 641'2s 04:59P Chart for @W5U Options for @W5U
Dec 15 668'0 668'0 643'4 652'2 -19'2 650'6s 04:00P Chart for @W5Z Options for @W5Z
Mar 16 666'2 666'2 650'6 656'0 -19'4 656'0s 02:00P Chart for @W6H Options for @W6H
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Mar 15 17760.00 17761.00 Chart for +DJ5H Options for +DJ5H
Jun 15 17677.00 42.00 17677.00s 12/19 Chart for +DJ5M Options for +DJ5M
Sep 15 17587.00 42.00 17587.00s 12/19 Chart for +DJ5U Options for +DJ5U
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 15 89.510 89.880 89.380 89.820 0.364 89.841s 12/19 Chart for @DX5H Options for @DX5H
Jun 15 89.785 90.135 89.715 90.105 0.377 90.124s 12/19 Chart for @DX5M Options for @DX5M
Sep 15 90.130 90.180 89.950 90.050 0.377 90.354s 12/19 Chart for @DX5U Options for @DX5U
EB - BRENT CRUDE - ICEFE
Month Open High Low Last Change Close Time More
Feb 15 61.99 62.06 61.78 61.80 0.42 61.38 05:00P Chart for EB5G Options for EB5G
Mar 15 62.62 62.62 62.47 62.47 0.42 62.05 05:00P Chart for EB5H Options for EB5H
Apr 15 61.10 64.02 60.41 63.47 2.18 62.76s 05:00P Chart for EB5J Options for EB5J
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Stanford, IL
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Local Forecast
Stanford, IL
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High: 38°F
Low: 30°F
Precip: 0%
High: 44°F
Low: 30°F
Precip: 80%
High: 46°F
Low: 37°F
Precip: 80%
High: 37°F
Low: 31°F
Precip: 80%
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Low: 27°F
Precip: 0%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 35oF Feels Like: 27oF
Humid: 89% Dew Pt: 32oF
Barom: 30.11 Wind Dir: SSE
Cond: N/A Wind Spd: 12 mph
Sunrise: 7:15 Sunset: 4:32
As reported at BLOOMINGTON, IL at 4:00 PM
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