Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Friday, July 1, 2016
 
Home
Stanford Grain Co.
Switchboard
Marketplace
My Website
Admin Login
2015 Fall Policy
  
 
 

American flag animated
Stanford Grain will be closed Monday, July 4th.

CBOT Trading Schedule for July 4th holiday: 
Normal close on Friday July 1.

No trade Sunday night July 3rd

No trade Monday July 4th.

No night trade Monday July 4th.

Re-open 8:30 am Tuesday July 5th.

Stanford Grain will NOT be accepting Roundup Ready 2 Xtend soybeans until they are approved for export to the EU.  Thank You for your cooperation.

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

Thursday Afternoon Comments (6-30-16)
July corn closed 14 cents lower and CZ closed 12 cents lower as the surprise of higher than expected corn acres and stocks weighed on futures. (CN traded an 83 cent range in June.) Corn planted acres at 94.1 mln. were 1.2 mln. acres higher than the average pre-report estimate. Analysts that forgot producers like to plant corn and had spring conditions "to keep on planting" were re-reminded of this fact. With trend yield the U.S. could realize a 14.6 bln. bu. corn production and 16/17 ending stocks near 2.3 bln. bu. There is enough weather uncertainty to keep everyone from getting too aggressive with yield estimates but the weather system moving through this weekend hopefully helps those looking for some precip. Quarterly stocks at 4.72 bln. bu. were 200 mln. bu. higher than expected. The divergence between the western corn belt and eastern corn belt continues to widen as the western belt has 431 mln. bu. more bushels of corn compared to last year while the eastern belt has 177 mln. bu. less corn on hand. Weekly export sales came at 18.4 mln. bu. for old crop and 21.1 mln. bu. for new crop. YTD commitments for 15/16 are 1,846 mln. bu. vs. 1,798 mln. bu. at this time last year. Japan and Mexico remain the buyers of note in both crop years. Mexico bought 120 tmt U.S. YC split between crop years in an export announcement this morning.

Soybeans had an interesting day to say the least. A quick 20 cents lower right after the 11 AM numbers were release followed by an immediate rally to 35 cents higher: someone made a lot of money and someone lost a lot of money in a very short time-frame. At session end, SN 30 cents higher and SX almost 41 cents higher. (SN traded a $1.30 range in June.) Acreage at 83.7 mln. acres vs 83.8 expected apparently allowed those that want to be long beans the green light. Quarterly stocks of 870 mln. bu., 40 mln. bu. above expectations were largely forgotten (western belt has 151 mln. bu. more beans than last year, eastern belt has 69 mln. bu. more than last year) as the trade is bullish improving export demand cutting sharply into 15/16 and 16/17 ending stocks estimates. An increase of 65 mln. bu. in export demand for 15/16 and 125 mln. bu. in 16/17 has some analysts predicting ending stocks in 15/16 at 300 mln. bu. and well below 100 mln. bu. in 16/17. Bulls are looking for $13 SX bean futures now. Weekly export sales were very good at 26.8 mln. bu. for old crop and 29.3 mln. bu. for new crop. YTD 15/16 commitments are 1,861 mln. bu. vs. 1,854 mln. bu. last year. Unknown destinations continues to be the buyer of old crop and China in new crop (China thought to be the unknown destination in old crop sales too.)

Wheat closed slightly higher and was mostly on the sidelines. All wheat acres at 50.8 mln. were roughly 1 mln. acres higher than expected but quarterly stocks at 980 mln. bu. were right at expectations. Weekly export sales of 23.7 mln. bu. bring YTD commitments to 281 mln. bu. vs. 215 mln. bu. last year. Too much wheat in the world and U.S. will continue to weight on futures.

  USDA - June Avg. Est. USDA – March USDA - 2015  
Corn acreage 94.1 92.759 93.601 87.999  
Bean acreage 83.7 83.969 82.236 82.650  
All wheat 50.8 49.732 49.559 54.644  
           
  USDA – June Avg. Est. June 1, 2015 March 1, 2016  
Corn stocks 4.722 4.528 4.453 7.808  
Bean stocks 0.870 0.833 0.627 1.531  
Wheat stocks 0.981 0.982 0.752 1.372  

 
Corn acreage up 500,000 acres.  Trade was expecting a decrease. 
Bean acreage up 1.5 Mln. from March, but a little less than expectations. 
Corn and bean stocks higher than expected. 
7-day rainfall forecast (June 30-July 7)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1467287841


Mid-West Drought Monitor (released 6/23)
U.S. Drought Monitor forMidwest

Comments from Mid-Co Commodities. 

Have a good & safe night!

For success, attitude is equally as important as ability.
Walter Scott

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

 

 

 


Local Cash Bids
 
  July Aug Fall 16 Jan 17 Fall 17 Jan 18
STANFORD CORN Cash Price
Basis
Futures Month @C6U @C6U @C6Z @C7H @C7Z @C8H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S6N @S6Q @S6X @S7F @S7X @S8F
  Chart Chart Chart Chart Chart Chart
Price as of 07/01/16 02:57AM CDT.
Month Symbols
Click to view more Cash Bids

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 16 360'6 361'4 358'0 359'6 1'0 358'6 02:45A Chart for @C6N Options for @C6N
Sep 16 367'4 368'6 364'2 366'2 0'6 365'4 02:45A Chart for @C6U Options for @C6U
Dec 16 373'2 375'0 370'2 372'4 1'2 371'2 02:45A Chart for @C6Z Options for @C6Z
Mar 17 381'4 384'2 378'6 381'6 2'2 379'4 02:45A Chart for @C7H Options for @C7H
May 17 384'6 389'4 384'0 386'6 2'2 384'4 02:45A Chart for @C7K Options for @C7K
Jul 17 391'4 393'2 388'6 390'6 1'4 389'2 02:45A Chart for @C7N Options for @C7N
Sep 17 384'2 386'0 376'4 386'0 0'4 382'6s 02:44A Chart for @C7U Options for @C7U
Dec 17 391'0 392'0 388'4 389'0 0'2 388'6 02:41A Chart for @C7Z Options for @C7Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 16 1175'0 1176'4 1172'6 1173'2 -1'6 1175'0 02:45A Chart for @S6N Options for @S6N
Aug 16 1170'6 1178'4 1166'6 1172'0 -2'2 1174'2 02:45A Chart for @S6Q Options for @S6Q
Sep 16 1161'6 1166'2 1155'2 1158'4 -3'6 1162'2 02:45A Chart for @S6U Options for @S6U
Nov 16 1153'0 1157'4 1147'2 1150'0 -3'2 1153'2 02:45A Chart for @S6X Options for @S6X
Jan 17 1146'0 1151'6 1142'2 1143'4 -4'6 1148'2 02:45A Chart for @S7F Options for @S7F
Mar 17 1102'2 1109'6 1092'6 1096'2 -8'4 1104'6 02:45A Chart for @S7H Options for @S7H
May 17 1086'4 1091'2 1075'0 1080'4 -7'4 1088'0 02:45A Chart for @S7K Options for @S7K
Jul 17 1082'2 1088'0 1073'4 1076'6 -8'4 1085'2 02:45A Chart for @S7N Options for @S7N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 16 430'2 431'0 427'6 427'6 -3'4 431'2 02:45A Chart for @W6N Options for @W6N
Sep 16 445'6 446'0 441'2 441'4 -4'0 445'4 02:45A Chart for @W6U Options for @W6U
Dec 16 465'2 465'4 461'2 461'2 -4'2 465'4 02:45A Chart for @W6Z Options for @W6Z
Mar 17 483'0 483'0 479'0 479'0 -4'2 483'2 02:45A Chart for @W7H Options for @W7H
May 17 493'4 493'4 490'0 490'0 -3'6 493'6 02:45A Chart for @W7K Options for @W7K
Jul 17 502'0 502'0 502'0 502'0 0'0 502'0 02:45A Chart for @W7N Options for @W7N
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 16 95.955 96.170 95.840 95.850 -0.353 96.203 02:46A Chart for @DX6U Options for @DX6U
Dec 16 95.905 96.065 95.900 96.065 -0.163 96.228 02:46A Chart for @DX6Z Options for @DX6Z
Mar 17 96.295 96.273 Chart for @DX7H Options for @DX7H
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Sep 16 49.90 50.12 49.73 49.93 0.22 49.71 02:46A Chart for EB6U Options for EB6U
Oct 16 50.42 50.56 50.20 50.38 0.22 50.16 02:46A Chart for EB6V Options for EB6V
Nov 16 50.68 50.94 50.57 50.74 0.20 50.54 02:45A Chart for EB6X Options for EB6X
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

DTN Grain News
DTN Early Word Grains 06/30 05:58
DTN Midday Grain Comments 06/30 11:16
DTN Closing Grain Comments 06/30 13:53
DTN National HRS Index 06/30
Portland Grain Review 06/30
Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Thu, June 30
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, June 30
USDA Daily Market Rates 06/30 06:47

DTN Ag Headline News
The Market's Fine Print
Wheat Harvest 2016
USDA Reports Flash
Kansas Wheat Harvest Update
Inhofe Makes WRDA Push
DTN Retail Fertilizer Trends
View From the Cab
Senior Partners - 2
Todd's Take

Headline News
Obama to Move Quickly on P. Rico Bill 06/30 06:19
Turkish Raids Target IS, 13 Held 06/30 06:26
McConnell Seeks to Save GOP Majority 06/30 06:15
Clinton Fundraisers Raise Big Money 06/30 06:22
Suicide Bomber Kills 30 Afghan Police 06/30 06:25
UN Extends Darfur Peacekeeping Mission 06/30 06:18
Russia Defense Min. Purges Baltic Fleet06/30 06:21
Stock Indexes Extend Rally to 3rd Day 06/30 17:03


Photos

 


Local Radar
Stanford, IL
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Forecast
Stanford, IL
Chg Zip:

Friday

Saturday

Sunday

Monday

Tuesday
High: 73°F
Low: 62°F
Precip: 62%
High: 75°F
Low: 54°F
Precip: 0%
High: 73°F
Low: 58°F
Precip: 40%
High: 78°F
Low: 62°F
Precip: 60%
High: 83°F
Low: 65°F
Precip: 0%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 69oF Feels Like: 69oF
Humid: 90% Dew Pt: 66oF
Barom: 29.97 Wind Dir: WNW
Cond: N/A Wind Spd: 5 mph
Sunrise: 5:29 Sunset: 8:29
As reported at BLOOMINGTON, IL at 2:00 AM
View complete Local Weather

DTN Videos
 04:11
6/30/2016 Soybeans Soar Thursday
 03:58
6/17/2016 Doctors in Rural America
 01:30
6/30/2016 Lower Trends Thursday
 03:50
6/30/2016 Showers in Western Midwest Thursday

Links

Google Search

Google

KNOW BEFORE YOU GROW

NCGA Corn Hybrid Site

Know before you grow


 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN