Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Saturday, December 10, 2016
 
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Stanford Grain will be hosting a Market Outlook meeting on Thursday, Dec. 15th beginning at 8AM at the Allin Township building.   

Christmas & New Year's Schedule!

Friday, Dec. 23rd: Regular Hours
Monday, Dec. 26th: Closed
Friday, Dec. 30th: Regular Hours
(All 2016 Business Must be Completed by Noon Friday Dec. 30th)
Monday, Jan. 2nd: Closed

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 70 cents, & Wheat 30 cents

Friday Afternoon Comments (12/9)
Corn rallied late in the session with CH gaining 6 cents and CZ17 up 5 ¼ cents. This week, CH gained 12 ¼ cents with CZ17 up 10 ¾ cents. The December U.S. S/D report held no changes from the November report save a 5 cent increase in the projected average farm price. World production numbers were not changed much with the only significant changes being a 3 MMT increase in Brazilian production and a 3.6 MMT increase in Chinese production. Outside market influences were mixed today with the Dollar firmer and crude oil half a dollar higher. Today’s trade erased all of yesterday’s losses as traders seemed to believe that yesterday’s negative reaction to the announcement of the next EPA head was overdone as production of biofuels looks to remain at lofty levels at least near term. Monday’s export inspections report is expected to include corn shipments of 40 to 45 million bu.

Soybeans, like corn, rallied after the 11 AM release of the December USDA crop report with SF finishing the day with a 10 ½ cent gain and SX rallying 12 cents. This week, SF added 10 cents and SX rallied a dime. The USDA report held no surprises as the U.S. balance sheet was unchanged from last month and South American production estimates were not changed. Beans were able to rally despite the negative influence of a stronger Dollar as the firm close was attributed to a rebound from what many thought was an overdone move to the downside yesterday. As has been the case each day this week, the USDA announced a large export sale this morning; 132,000 MT’s of 2016/17 soybeans to unknown destinations. A significant portion of this week’s export sales are expected to be shipped out of the PNW which is currently competitive with Brazil while the Gulf is a slight premium. Argentine weather still looks dry next week with rain chances coming back next weekend. Brazilian weather, which has been nearly ideal thus far this growing season, looks like it will continue to cooperate with weekend rains across southern crop regions and average temperatures and rainfall expected across the northern regions during the next 7 to 10 days. Some limited soybean harvesting is expected in Brazil by month’s end, but it will be later in January before significant amounts of soybeans are ready to be harvested.

Comments from Mid-Co Commodities

Believe you can and you're halfway there.
Theodore Roosevelt

Have a good & safe weekend!

E-mail Delivery Sheets:  If you would like to receive your grain delivery sheets by e-mail, please let us know.  We can do that.

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

 

 

 


Local Cash Bids
 
  Dec Jan March July 17 Fall 17 Jan 18
STANFORD CORN Cash Price  
Basis  
Futures Month @C7H @C7H @C7H   @C7Z @C8H
  Chart Chart Chart Chart Chart
BEANS Cash Price  
Basis  
Futures Month @S7F @S7F @S7H   @S7X @S8F
  Chart Chart Chart Chart Chart
WHEAT Cash Price          
Basis          
Futures Month       @W7N    
  Chart
Price as of 12/10/16 10:29AM CST.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 16 349'0 352'4 344'4 351'4 6'0 352'4s 12/09 Chart for @C6Z Options for @C6Z
Mar 17 354'0 359'6 351'2 358'6 6'0 359'4s 12/09 Chart for @C7H Options for @C7H
May 17 361'0 366'4 358'0 365'2 6'0 366'2s 12/09 Chart for @C7K Options for @C7K
Jul 17 368'2 373'4 365'0 372'2 5'6 373'4s 12/09 Chart for @C7N Options for @C7N
Sep 17 375'0 380'0 372'2 379'0 5'2 380'2s 12/09 Chart for @C7U Options for @C7U
Dec 17 383'0 388'6 380'6 387'4 5'2 388'4s 12/09 Chart for @C7Z Options for @C7Z
Mar 18 392'2 397'2 390'2 396'6 5'2 397'2s 12/09 Chart for @C8H Options for @C8H
May 18 399'0 399'0 399'0 399'0 4'6 402'4s 12/09 Chart for @C8K Options for @C8K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 17 1026'0 1039'4 1021'4 1039'0 10'4 1037'4s 12/09 Chart for @S7F Options for @S7F
Mar 17 1037'0 1050'2 1032'0 1049'4 10'6 1048'4s 12/09 Chart for @S7H Options for @S7H
May 17 1044'6 1058'0 1039'6 1057'6 11'0 1056'2s 12/09 Chart for @S7K Options for @S7K
Jul 17 1050'0 1063'0 1045'0 1062'6 11'2 1061'6s 12/09 Chart for @S7N Options for @S7N
Aug 17 1046'2 1058'0 1046'2 1057'0 11'2 1059'0s 12/09 Chart for @S7Q Options for @S7Q
Sep 17 1026'4 1040'6 1026'4 1040'2 11'6 1040'4s 12/09 Chart for @S7U Options for @S7U
Nov 17 1013'0 1026'4 1007'4 1026'0 12'0 1025'0s 12/09 Chart for @S7X Options for @S7X
Jan 18 1010'6 1028'0 1010'0 1028'0 11'6 1026'2s 12/09 Chart for @S8F Options for @S8F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 16 395'4 395'4 395'4 395'4 9'4 400'2s 12/09 Chart for @W6Z Options for @W6Z
Mar 17 409'0 417'0 403'6 413'0 8'0 416'2s 12/09 Chart for @W7H Options for @W7H
May 17 419'4 427'2 415'2 422'6 7'6 426'4s 12/09 Chart for @W7K Options for @W7K
Jul 17 430'6 439'2 428'2 434'6 8'2 438'4s 12/09 Chart for @W7N Options for @W7N
Sep 17 445'4 453'0 442'4 450'2 8'2 452'4s 12/09 Chart for @W7U Options for @W7U
Dec 17 461'2 470'6 461'0 467'6 8'0 470'0s 12/09 Chart for @W7Z Options for @W7Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 16 101.150 101.770 101.040 101.610 0.495 101.620s 12/09 Chart for @DX6Z Options for @DX6Z
Mar 17 101.015 101.655 100.955 101.505 0.492 101.505s 12/09 Chart for @DX7H Options for @DX7H
Jun 17 100.870 101.530 100.870 101.480 0.492 101.455s 12/09 Chart for @DX7M Options for @DX7M
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Feb 17 53.97 54.46 53.77 54.36 0.44 54.33s 12/09 Chart for EB7G Options for EB7G
Mar 17 54.69 55.16 54.48 55.15 0.46 55.06s 12/09 Chart for EB7H Options for EB7H
Apr 17 55.17 55.70 55.00 55.64 0.47 55.60s 12/09 Chart for EB7J Options for EB7J
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Stanford, IL
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Stanford, IL
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High: 26°F
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Stanford, IL
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Temp: 22oF Feels Like: 14oF
Humid: 75% Dew Pt: 15oF
Barom: 30.62 Wind Dir: WSW
Cond: N/A Wind Spd: 6 mph
Sunrise: 7:08 Sunset: 4:29
As reported at BLOOMINGTON, IL at 10:00 AM
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