Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Tuesday, December 18, 2018
 
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Market Outlook Meeting:
Stanford Grain will be hosting a market outlook meeting on Wednesday, Dec. 19th beginning at 8AM at the Allin Twsp building.  Aaron Curtis from Mid-Co Commodities will give the market presentation.  Also Mike McClellan from Mobile Weather Team will give a weather outlook presentation. 

Christmas & New Year's Schedule:
Monday, 12/24: Markets & Elevator Closing at Noon
Tuesday 12/25: Markets & Elevator Closed
Wednesday, 12/26: Elevator Opens @ 7:30 & Markets Open @ 8:30 (no night trade)
Monday, 12/31: Markets & Elevator open regular hours
Tuesday, 1/1/19: Markets & Elevator Closed
Wednesday, 1/2/19: Elevator Opens @ 7:30 & Markets Open @ 8:30 (no night trade)

CBOT Trading Hours:
7:00PM-7:45AM-Markets Open (Sun-Thurs)
7:45AM-8:30AM-Markets Closed
8:30AM-1:20PM-Markets Open
1:20PM-7:00PM-Markets Closed
Daily Limits: Corn 25 cents, Beans 60 cents, & Wheat 35 cents

Tuesday Afternoon Comments (12/18/18)

Corn ended the day with small gains as rumors that China will buy U.S. corn were supportive. CH gained 1 ½ cents and CK added 1 ¾ cents. Commodity funds were modest corn buyers today which added support. Funds as of midday had purchased an estimated 3000 corn contracts. Corn was able to trade in the green most of the session despite the negative influence from another large drop in crude oil. Crude losses early this afternoon reached $4/barrel as the market fell to a 15-month low on fears of a global supply glut. The sharp drop in oil will put additional pressure on ethanol prices at a time when margins are negative. The threat of a partial shutdown of the federal government beginning Friday appears to be over as the Trump Administration and Congress are close to an agreement on a year-ending spending bill.

Soybeans finished the day somewhat higher although gains were trimmed late in the session. SF settled 3 cents better and SH added 2 ¾ cents. Rumors that China was purchasing additional U.S. soybeans supported today’s market. Commodity funds were buyers of an estimated 5000 soybean contracts as of mid-session. Gulf and PNW basis firmed as exporters worked to secure cash supplies as it appears that at least some purchases will be shipped out of the Gulf. Dryness in parts of Southern Brazil is likely trimming potential yields in Northern Parana and Southern Mato Grosso do Sul and Sap Paulo where rains have been light to non-existent the past 30 days. Above normal yields in Northern Brazil will likely make up for any production shortfall in the above-mentioned regions. Early soybean harvest has begun in Northern Mato Grosso. A small amount of soybeans (1 to 2% of the Mato Grosso crop) are expected to be harvested by the end of December.

7-day precip forecast (Dec 18-Dec 25)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1545138266
Have a good & safe night!

We know what works. Freedom Works. We know what's right. Freedom is right.
George H. W. Bush

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Local Cash Bids
 
  Dec Jan 19 Feb Mar Fall 19 Jan 20
STANFORD CORN Cash Price
Basis
Futures Month @C9H @C9H @C9H @C9H @C9Z @C0H
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BEANS Cash Price
Basis
Futures Month @S9F @S9F @S9H @S9H @S9X @S0F
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Price as of 12/18/18 09:28PM CST.
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 19 385'0 385'2 384'2 384'6 -0'6 385'4 09:15P Chart for @C9H Options for @C9H
May 19 392'6 393'0 392'0 392'4 -1'0 393'4 09:15P Chart for @C9K Options for @C9K
Jul 19 397'4 399'4 397'4 399'2 -0'6 400'0 09:15P Chart for @C9N Options for @C9N
Sep 19 400'4 400'4 400'0 400'2 -1'0 401'2 09:15P Chart for @C9U Options for @C9U
Dec 19 404'2 404'2 403'2 403'6 -1'2 405'0 09:15P Chart for @C9Z Options for @C9Z
Mar 20 412'6 413'0 412'2 412'2 -1'2 413'4 09:15P Chart for @C0H Options for @C0H
May 20 417'0 419'0 417'0 418'0 1'2 418'6s 09:15P Chart for @C0K Options for @C0K
Jul 20 422'4 422'6 422'4 422'6 -0'4 423'2 09:15P Chart for @C0N Options for @C0N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 19 907'0 907'6 905'0 907'0 -0'6 907'6 09:17P Chart for @S9F Options for @S9F
Mar 19 920'0 920'4 918'0 919'6 -1'0 920'6 09:17P Chart for @S9H Options for @S9H
May 19 932'6 933'6 931'0 932'6 -1'2 934'0 09:17P Chart for @S9K Options for @S9K
Jul 19 944'2 945'4 943'0 944'4 -1'2 945'6 09:17P Chart for @S9N Options for @S9N
Aug 19 947'6 952'6 947'4 949'2 3'2 950'2s 09:17P Chart for @S9Q Options for @S9Q
Sep 19 951'4 954'2 949'6 950'4 3'0 951'2s 09:15P Chart for @S9U Options for @S9U
Nov 19 954'4 955'6 953'6 954'6 -1'4 956'2 09:17P Chart for @S9X Options for @S9X
Jan 20 963'0 963'2 963'0 963'2 -1'4 964'6 09:15P Chart for @S0F Options for @S0F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 19 532'6 533'0 529'0 529'4 -3'2 532'6 09:15P Chart for @W9H Options for @W9H
May 19 539'2 539'2 535'6 536'2 -3'0 539'2 09:15P Chart for @W9K Options for @W9K
Jul 19 545'6 545'6 542'2 543'0 -2'6 545'6 09:15P Chart for @W9N Options for @W9N
Sep 19 551'2 551'2 550'0 550'0 -3'0 553'0 09:15P Chart for @W9U Options for @W9U
Dec 19 562'6 562'6 561'4 561'4 -3'0 564'4 09:15P Chart for @W9Z Options for @W9Z
Mar 20 572'0 574'2 570'6 572'6 -1'0 573'0s 09:15P Chart for @W0H Options for @W0H
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 19 96.390 96.440 96.335 96.345 -0.225 96.570 09:17P Chart for @DX9H Options for @DX9H
Jun 19 95.870 95.870 95.870 95.870 -0.190 96.060 09:17P Chart for @DX9M Options for @DX9M
Sep 19 95.240 95.555 Chart for @DX9U Options for @DX9U
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Feb 19 56.51 56.85 56.27 56.59 0.33 56.26 09:17P Chart for EB9G Options for EB9G
Mar 19 56.44 56.80 56.23 56.55 0.32 56.23 09:17P Chart for EB9H Options for EB9H
Apr 19 56.75 56.88 56.35 56.67 0.29 56.38 09:17P Chart for EB9J Options for EB9J
My Custom Markets
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DTN Grain News
DTN Early Word Grains 12/18 05:46
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US Stocks Close Slightly Higher 12/18 16:28


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Stanford, IL
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Local Forecast
Stanford, IL
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High: 48°F
Low: 30°F
Precip: 0%
High: 42°F
Low: 34°F
Precip: 80%
High: 34°F
Low: 27°F
Precip: 0%
High: 39°F
Low: 24°F
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Low: 26°F
Precip: 0%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 32oF Feels Like: 24oF
Humid: 88% Dew Pt: 29oF
Barom: 30.07 Wind Dir: S
Cond: N/A Wind Spd: 10 mph
Sunrise: 7:14 Sunset: 4:31
As reported at BLOOMINGTON, IL at 8:00 PM
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