Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Wednesday, April 16, 2014
 
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Stanford Grain will be closed Friday April 18th for Good Friday!
(CBOT is closed Friday.  Grain markets open at 7:00PM Sunday night) 
Wishing everyone a Happy Easter!

Tuesday Afternoon Comments (4/15)
Corn futures had another fairly quiet today as it has turned into a follower this week. The neighboring bean and wheat markets offered some excitement and support today, but corn has little new news to trade off of. May corn has traded in a roughly 15 cent trade over the last week. Strong demand and tighter ending stocks have offered support, while the prospects for better planting progress next week offers resistance. Temps are cool again this week, but heat is expected to return as the week progresses. Temps are expected to be normal to above next week as well. Many parts of Illinois are expected to be very busy planting corn if this forecast is realized. The recent escalation between Ukraine and Russia has also helped corn futures try the recent highs this week. As a reminder, Ukraine is the 3rd largest exporter of corn in the world. Any further conflict could lead to a disruption of exports there, and that would potentially shift some additional corn business back to the U.S. The initial crop progress report for the 2014 season yesterday showed U.S. corn at 3% planted versus the average of 6%. Illinois is 1% done.

Nearby soybeans attempted a run at the contract high ($15.12 set last week), but did fade slightly near the close. The NOPA crush report helped push beans along today. NOPA crush for March totaled 153.8 Mln. bu. Expectations were for 146.1 Mln. bu. Today’s total compares to 141.6 last month and 137.1 last year. Cumulative NOPA crush since Oct 1st totals 934.9 Mln. bu., which compares to 902.3 Mln. bu. for the same time period a year ago. Crush margins remain strong. May futures were able to bounce off of the $14.60 area again as renewed attempts to ration demand offers support. Not much new in South America to drive the market. The 1st crop bean harvest is getting closer to completion in Brazil, but only about 20% done in Argentina.

Wheat futures were sharply higher today as the Ukraine/Russia situation heats up again. The two opposing forces have been engaging in eastern Ukraine. No grain disruptions have been noted, but there is growing concern that it will if tensions don’t ease. The lack of rainfall in the plains also offers support. Winter wheat ratings were down 1% to 34% good to excellent.
Have a Good & Safe Night!

Duracade Notice:
If you are planting corn with the Duracade trait this spring and plan to haul it to Stanford Grain, please let us know. 
We will need to make arrangements to handle it. 
Thank You for your cooperation.   

 

 


Local Cash Bids
 
  April May July Fall Jan 15 Fall 15
STANFORD CORN Cash Price
Basis
Futures Month @C4K @C4K @C4N @C4Z @C5H @C5Z
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S4K @S4K @S4N @S4X @S5F @S5X
  Chart Chart Chart Chart Chart Chart
WHEAT Cash Price          
Basis          
Futures Month     @W4N      
  Chart
Price as of 04/16/14 05:31AM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 14 502'4 504'0 500'6 503'4 -0'2 503'6 05:21A Chart for @C4K Options for @C4K
Jul 14 508'2 509'4 506'4 509'2 -0'4 509'6 05:21A Chart for @C4N Options for @C4N
Sep 14 504'6 506'2 503'2 505'6 -0'4 506'2 05:21A Chart for @C4U Options for @C4U
Dec 14 501'6 503'4 500'2 503'4 0'2 503'2 05:21A Chart for @C4Z Options for @C4Z
Mar 15 509'2 510'6 507'6 510'4 0'0 510'4 05:21A Chart for @C5H Options for @C5H
May 15 514'2 515'6 514'2 515'4 -0'2 515'6 05:21A Chart for @C5K Options for @C5K
Jul 15 519'2 520'2 519'2 519'4 -1'0 520'4 05:21A Chart for @C5N Options for @C5N
Sep 15 503'4 504'0 503'4 503'4 -1'6 505'2 05:19A Chart for @C5U Options for @C5U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 14 1500'2 1519'2 1499'4 1518'2 17'0 1501'2 05:20A Chart for @S4K Options for @S4K
Jul 14 1487'0 1506'2 1486'0 1505'0 17'4 1487'4 05:21A Chart for @S4N Options for @S4N
Aug 14 1411'0 1424'6 1409'4 1424'4 15'0 1409'4 05:21A Chart for @S4Q Options for @S4Q
Sep 14 1291'2 1302'0 1290'4 1301'6 11'2 1290'4 05:21A Chart for @S4U Options for @S4U
Nov 14 1227'6 1237'4 1227'2 1237'0 8'0 1229'0 05:21A Chart for @S4X Options for @S4X
Jan 15 1232'2 1242'0 1232'2 1241'4 7'4 1234'0 05:21A Chart for @S5F Options for @S5F
Mar 15 1237'0 1246'2 1237'0 1245'6 7'4 1238'2 05:21A Chart for @S5H Options for @S5H
May 15 1245'6 1249'4 1245'6 1249'2 7'2 1242'0 05:21A Chart for @S5K Options for @S5K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 14 701'0 703'4 696'0 703'0 1'2 701'6 05:21A Chart for @W4K Options for @W4K
Jul 14 708'6 710'6 703'6 710'4 0'6 709'6 05:21A Chart for @W4N Options for @W4N
Sep 14 718'0 719'4 715'0 719'4 0'6 718'6 05:21A Chart for @W4U Options for @W4U
Dec 14 731'0 732'0 726'0 732'0 0'4 731'4 05:21A Chart for @W4Z Options for @W4Z
Mar 15 741'6 743'6 740'0 742'6 -0'6 743'4 05:21A Chart for @W5H Options for @W5H
May 15 745'2 747'6 745'2 746'2 -2'6 749'0 05:20A Chart for @W5K Options for @W5K
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Jun 14 16237.00 16290.00 16225.00 16260.00 55.00 16205.00 05:20A Chart for +DJ4M Options for +DJ4M
Sep 14 16125.00 106.00 16130.00s 04/15 Chart for +DJ4U Options for +DJ4U
Dec 14 16055.00 106.00 16055.00s 04/15 Chart for +DJ4Z Options for +DJ4Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 14 79.895 79.915 79.715 79.815 -0.073 79.888 05:21A Chart for @DX4M Options for @DX4M
Sep 14 80.050 80.050 79.890 79.935 -0.093 80.028 05:20A Chart for @DX4U Options for @DX4U
Dec 14 80.120 80.120 80.120 80.120 -0.048 80.168 05:20A Chart for @DX4Z Options for @DX4Z
EB - BRENT CRUDE - ICEFE
Month Open High Low Last Change Close Time More
Jun 14 109.43 110.20 109.00 110.10 0.74 109.36 05:21A Chart for EB4M Options for EB4M
Jul 14 109.10 109.82 108.70 109.74 0.71 109.03 05:21A Chart for EB4N Options for EB4N
Aug 14 108.51 109.31 108.21 109.19 0.66 108.53 05:21A Chart for EB4Q Options for EB4Q
My Custom Markets
Symbol Open High Low Last Change Close Time More

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DTN Early Word Grains 04/15 05:57
DTN Midday Grain Comments 04/15 11:28
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Grainbelt Weather Roundup
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, April 14
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Plane Search Area Too Deep for Sub 04/15 06:08
Hamas Praises West Bank Shooting 04/15 06:04
Stock Market Rebounds After Choppy Day 04/15 16:41


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Stanford, IL
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Local Forecast
Stanford, IL
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High: 52°F
Low: 28°F
Precip: 0%
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Precip: 20%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 28oF Feels Like: 17oF
Humid: 78% Dew Pt: 22oF
Barom: 30.28 Wind Dir: SSE
Cond: N/A Wind Spd: 14 mph
Sunrise: 6:15 Sunset: 7:35
As reported at BLOOMINGTON, IL at 5:00 AM
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 02:58
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4/11/20014 Weather Outlook

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