Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Tuesday, July 28, 2015
 
Home
Stanford Grain Co.
Switchboard
Marketplace
My Website
Admin Login
2014 Fall Policy
  
 
 

... Independence Day Free Clip Art:United States of America Flags Clip Art

The Stanford Grain Company Annual Stockholder Meeting will be held on Thursday August 13th at the Allin Twsp Building.  Breakfast will be served at 8AM with market outlook and meeting to follow.

Tuesday Afternoon Comments (7/28)
Just a little over a month ago, the Dec. corn market started its climb on wet weather concerns. It took 14 trading sessions to rally from $3.73 ½ to a close on July 13th of $4.51 ¾. It then took an even quicker 10 trading days to nearly erase it all as the weather forecast has improved. Up 78 ¼ cents and then down 68 ¼ cents. The rally was fueled by aggressive buying by funds that had accumulated a large short position. Some fund liquidation has occurred on the way down, but the concerning point for bulls would be the fact that the funds still hold a fairly sizable long position. Corn conditions did improve by 1% point in yesterday afternoon’s conditions report. Illinois was up 2%, while Indiana and Ohio were both up 1%. The western cornbelt continues to look good with Minnesota at an impressive 87% good to excellent and Iowa at a very respectable 83%. The trade is now talking about a growing national yield, which is in direct contradiction of the feeling just a few days ago. That is the risk in a wet weather rally. Eventually it dries out in the U.S. cornbelt in the summer. The outside markets show the dollar higher. The Chinese stock market was weaker again this morning. The Shanghai composite index has dropped nearly 30% in the last month. This raises concerns of commodity demand out of the world’s largest consumer.

Soybeans were able to bounce today as crop conditions did not improve as the trade had expected. Overall bean ratings were unchanged at 62% good to excellent. Illinois improved by 2%, with Indiana up 1% and Ohio unchanged. Like corn, the western cornbelt continues to look good. There is a lot of weather to go on beans, and with the challenging conditions that beans were faced with early in the season in the east, it will be important to have good August weather. Overall maturity levels for beans, however, are on pace with the 5-year average. The short term weather forecast looks favorable with seasonal temps and sunshine predicted for the rest of the week. It is expected to be cooler for Illinois and parts of Iowa next week. The European model is trying to hint of a ridge settling over the western cornbelt early next week. The west has had very little weather problems this year and producers there would hate to see a hot and dry finish. Economic concerns in China have the trade wary of new crop export demand for beans. New crop sales are running well below a year ago.

Have a good & safe night!

Arriving at one goal is the starting point to another.
John Dewey

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

2015 Crop
Stanford Grain will accept grain with the Viptera trait but WILL NOT accept corn with the Duracade trait.
Thank You for your cooperation.

 

 


Local Cash Bids
 
  July Aug Fall 15 Jan 16 Fall 16 Jan 17
STANFORD CORN Cash Price
Basis
Futures Month @C5U @C5U @C5Z @C6H @C6Z @C7H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S5Q @S5Q @S5X @S6F @S6X @S7H
  Chart Chart Chart Chart Chart Chart
WHEAT Cash Price          
Basis          
Futures Month @W5U          
  Chart
Price as of 07/28/15 07:33PM CDT.
Month Symbols
Click to view more Cash Bids

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 15 377'4 377'6 372'6 373'0 -2'0 375'0 07:22P Chart for @C5U Options for @C5U
Dec 15 387'6 388'0 383'0 383'0 -2'4 385'4 07:22P Chart for @C5Z Options for @C5Z
Mar 16 399'4 399'4 394'2 394'2 -2'2 396'4 07:22P Chart for @C6H Options for @C6H
May 16 405'0 405'0 401'0 401'0 -1'4 402'4 07:22P Chart for @C6K Options for @C6K
Jul 16 409'4 409'6 406'4 406'4 -1'4 408'0 07:22P Chart for @C6N Options for @C6N
Sep 16 396'2 396'2 396'0 396'0 -0'2 396'2 07:21P Chart for @C6U Options for @C6U
Dec 16 399'6 399'6 396'0 396'0 -1'6 397'6 07:22P Chart for @C6Z Options for @C6Z
Mar 17 405'4 406'2 404'4 404'4 2'2 407'4s 07:20P Chart for @C7H Options for @C7H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 15 976'6 977'4 976'0 976'4 1'6 974'6 07:21P Chart for @S5Q Options for @S5Q
Sep 15 956'6 957'0 954'2 955'0 1'0 954'0 07:21P Chart for @S5U Options for @S5U
Nov 15 947'0 947'6 944'6 945'2 0'4 944'6 07:22P Chart for @S5X Options for @S5X
Jan 16 953'0 953'2 950'2 952'2 1'4 950'6 07:22P Chart for @S6F Options for @S6F
Mar 16 951'6 951'6 948'2 949'4 0'0 949'4 07:21P Chart for @S6H Options for @S6H
May 16 946'0 946'2 944'6 946'2 0'6 945'4 07:21P Chart for @S6K Options for @S6K
Jul 16 946'6 948'4 946'6 948'4 1'0 947'4 07:21P Chart for @S6N Options for @S6N
Aug 16 937'6 0'0 941'0 07:21P Chart for @S6Q Options for @S6Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 15 512'0 512'4 509'2 509'2 -1'4 510'6 07:22P Chart for @W5U Options for @W5U
Dec 15 521'0 521'4 518'4 518'4 -1'6 520'2 07:22P Chart for @W5Z Options for @W5Z
Mar 16 528'4 529'4 526'6 526'6 -1'4 528'2 07:21P Chart for @W6H Options for @W6H
May 16 532'6 532'6 532'6 532'6 0'0 532'6 07:21P Chart for @W6K Options for @W6K
Jul 16 535'2 0'0 535'0 07:20P Chart for @W6N Options for @W6N
Sep 16 536'4 543'0 536'4 543'0 3'2 543'0s 07:20P Chart for @W6U Options for @W6U
+DJ - +DJF0 - UNKNOWN
Month Open High Low Last Change Close Time More
Jan 20 Chart for +DJ0F Options for +DJ0F
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 15 96.705 96.725 96.670 96.680 -0.183 96.863 07:22P Chart for @DX5U Options for @DX5U
Dec 15 97.035 97.035 97.025 97.025 -0.161 97.186 07:22P Chart for @DX5Z Options for @DX5Z
Mar 16 97.360 97.461 Chart for @DX6H Options for @DX6H
EB - BRENT CRUDE - ICEFE
Month Open High Low Last Change Close Time More
Sep 15 52.99 53.11 52.96 53.11 -0.36 53.30 07:21P Chart for EB5U Options for EB5U
Oct 15 53.55 53.65 53.52 53.65 -0.28 53.86 07:20P Chart for EB5V Options for EB5V
Nov 15 54.18 54.22 54.18 54.22 -0.29 54.50 07:20P Chart for EB5X Options for EB5X
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 07/28 05:58
DTN Midday Grain Comments 07/28 11:08
DTN Closing Grain Comments 07/28 13:55
DTN National HRS Index 07/27
Portland Grain Review 07/23
Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Mon, July 27
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 27
USDA Daily Market Rates 07/28 06:47

DTN Ag Headline News
DTN Retail Fertilizer Trends
Avian Flu Pathways Examined
China Struggles With Corn Stockpile
RFS Deadline Nears
Get a Handle on SDS
Sorghum's Growing Pains - 4
No Senate Biotech Bill Until Fall
Two COOL Bills Introduced in Senate
Sorghum's Growing Pains - 3

Headline News
Obama Gives Speech to African Union 07/28 06:21
House, Senate Clash on Highway Debate 07/28 06:30
NATO Holding Rare Emergency Meeting 07/28 06:17
Admin. on Hill Again to Sell Iran Deal 07/28 06:24
Greece, Creditors in 2nd Day of Talks 07/28 06:29
Fla. Congressional Delegation Upheaval 07/28 06:20
Libya Sentences Gadhafi Son to Death 07/28 06:23
Stocks End Skid on Strong Earnings 07/28 17:27


Photos
 

 


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

Local Forecast
Stanford, IL
Chg Zip:

Wednesday

Thursday

Friday

Saturday

Sunday
High: 85°F
Low: 70°F
Precip: 75%
High: 86°F
Low: 65°F
Precip: 0%
High: 86°F
Low: 65°F
Precip: 0%
High: 84°F
Low: 64°F
Precip: 0%
High: 86°F
Low: 63°F
Precip: 0%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 78oF Feels Like: 83oF
Humid: 85% Dew Pt: 73oF
Barom: 29.9 Wind Dir: SSW
Cond: N/A Wind Spd: 3 mph
Sunrise: 5:50 Sunset: 8:14
As reported at BLOOMINGTON, IL at 7:00 PM
View complete Local Weather

DTN Videos
 03:53
7/24/2015 Crop Observations
 03:24
7/28/2015 Turnaround Tuesday?
 01:24
7/28/2015 Corn Weak Tuesday
 03:04
7/28/2015 Western Midwest Rain Tuesday

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