Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Thursday, May 24, 2018
 
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Stanford Grain will be closed Monday, May 28 for Memorial Day.

Due to work on our driveway that began Monday, May 21th we will not be able to receive any grain for 3-4 week.  Thank you for your cooperation. 

Stanford Grain Business Hours: 

Monday-Friday 7:30-4:00
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 75 cents, & Wheat 35 cents

Thursday Afternoon  Comments (5/24/18)
Corn was higher today on hope that the ongoing trade talks between the U.S. and China will lead to increased Chinese purchases of U.S. commodities including some corn. CN settled 3 ¾ cents higher and CZ jumped 3 ¼ cents, settling at a 10 month high. The market enthusiasm occurred today despite comments from President Trump that he was not satisfied with the trade talks and that any possible deal needed a different structure to provide verification that the Chinese were adhering to any negotiated settlement. Wheat rallied higher again today, providing additional support to corn. Heavy rains across North Central Iowa and parts of South Dakota and Southern Minnesota overnight affected areas that still have corn acres to plant. The rains will further delay planting and will leave some newly planted acres under water. The weekly energy production report by the EIA showed ethanol production last week dropping 2.8% from the previous week with ethanol inventories higher by 624,000 barrels. Margins remain positive. The weekly export sales report due tomorrow morning is expected to include corn sales near 28 million bu. The USDA announced this morning the sale of 140,000 MT’s of optional origin corn to Saudi Arabia with half the total being old crop and the other half new crop sales.

Soybeans were higher for the third consecutive session on rumors of Chinese purchases of U.S. beans and on general enthusiasm that China will import larger quantities of U.S. soybeans going forward. SN finished 8 ¾ cents higher; SX tacked on 9 ¾ cents. China is rumored to have bought 4 to 6 cargoes of U.S. beans and is rumored to be interested in additional supplies for September shipment. China may be interested in buying as many as 10 MMT’s of U.S. beans to boost state reserves. Moderate to heavy rains across Northern Iowa and Southern Minnesota overnight will add to the delays in planting there, but most of the Midwest is finished or nearly finished seeding the crop. A drier pattern is expected across the northern Midwest the last days of May into early June. The weekly export sales report tomorrow is expected to show last week’s soybeans sales near 10 million bu.

Comments from Mid-Co Commodities

7-day precip forecast (May 24-May 31)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1527152423
Have a good & safe night!

Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.
Dale Carnegie


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Local Cash Bids
 
  May June July Fall 18 Jan 19 Fall 19
STANFORD CORN Cash Price
Basis
Futures Month @C8N @C8N @C8N @C8Z @C9H @C9Z
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BEANS Cash Price
Basis
Futures Month @S8N @S8N @S8N @S8X @S9F @S9X
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Price as of 05/24/18 03:59PM CDT.
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 18 408'2 412'2 403'6 404'0 -4'2 404'2s 03:46P Chart for @C8N Options for @C8N
Sep 18 417'0 420'6 412'4 412'6 -4'2 413'0s 03:46P Chart for @C8U Options for @C8U
Dec 18 426'0 429'4 421'6 421'6 -4'0 422'4s 03:47P Chart for @C8Z Options for @C8Z
Mar 19 434'0 437'0 430'0 430'2 -3'4 430'6s 03:02P Chart for @C9H Options for @C9H
May 19 438'0 441'2 434'4 434'4 -3'2 435'2s 03:28P Chart for @C9K Options for @C9K
Jul 19 442'0 445'0 438'6 438'6 -3'0 439'2s 03:28P Chart for @C9N Options for @C9N
Sep 19 417'4 420'0 416'2 416'2 -1'2 416'4s 02:43P Chart for @C9U Options for @C9U
Dec 19 421'0 423'4 419'4 419'6 -1'4 420'0s 02:36P Chart for @C9Z Options for @C9Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 18 1039'6 1050'6 1035'4 1036'6 -3'4 1035'6s 03:48P Chart for @S8N Options for @S8N
Aug 18 1043'2 1054'4 1039'6 1041'2 -3'4 1039'6s 03:37P Chart for @S8Q Options for @S8Q
Sep 18 1045'4 1055'2 1042'6 1044'0 -2'2 1042'6s 01:30P Chart for @S8U Options for @S8U
Nov 18 1049'2 1059'6 1047'0 1048'2 -1'2 1047'4s 03:16P Chart for @S8X Options for @S8X
Jan 19 1052'0 1062'4 1050'0 1051'6 -1'2 1050'6s 01:30P Chart for @S9F Options for @S9F
Mar 19 1035'4 1046'4 1034'0 1035'2 -1'2 1034'4s 02:30P Chart for @S9H Options for @S9H
May 19 1031'4 1041'6 1030'2 1031'2 -0'6 1030'6s 03:37P Chart for @S9K Options for @S9K
Jul 19 1036'4 1045'4 1034'4 1035'4 -0'2 1035'4s 02:47P Chart for @S9N Options for @S9N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 18 531'0 545'2 529'2 530'4 -0'6 530'2s 02:36P Chart for @W8N Options for @W8N
Sep 18 547'4 560'6 546'2 547'6 -0'6 547'0s 02:42P Chart for @W8U Options for @W8U
Dec 18 568'0 578'4 565'4 566'2 -1'6 566'4s 03:41P Chart for @W8Z Options for @W8Z
Mar 19 585'2 594'2 582'2 583'0 -2'2 583'2s 01:30P Chart for @W9H Options for @W9H
May 19 595'4 602'0 590'4 592'4 -3'0 591'6s 01:30P Chart for @W9K Options for @W9K
Jul 19 595'6 603'0 592'2 593'6 -4'0 593'4s 02:30P Chart for @W9N Options for @W9N
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 18 93.850 93.910 93.545 93.700 -0.218 93.701 03:49P Chart for @DX8M Options for @DX8M
Sep 18 93.380 93.450 93.095 93.250 -0.203 93.236 03:49P Chart for @DX8U Options for @DX8U
Dec 18 92.765 92.765 92.685 92.760 -0.217 92.786 03:49P Chart for @DX8Z Options for @DX8Z
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Jul 18 79.65 79.78 78.57 78.76 -1.04 78.79 03:47P Chart for EB8N Options for EB8N
Aug 18 79.80 79.82 78.64 78.82 -1.02 78.83 03:47P Chart for EB8Q Options for EB8Q
Sep 18 79.36 79.43 78.29 78.46 -0.99 78.48 03:47P Chart for EB8U Options for EB8U
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: 88°F
Low: 63°F
Precip: 0%
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Precip: 30%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 86oF Feels Like: 85oF
Humid: 35% Dew Pt: 55oF
Barom: 30.15 Wind Dir: S
Cond: N/A Wind Spd: 7 mph
Sunrise: 5:31 Sunset: 8:13
As reported at BLOOMINGTON, IL at 3:00 PM
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