Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Saturday, October 20, 2018
 
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Stanford Grain Company Harvest Hours:
Monday-Saturday: 7AM-7PM
Sunday: Noon-5PM
(weather permitting)



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

2018 Fall Policy is Available
(click on link in the left margin)

Friday Afternoon Comments (10/19/18)
Corn closed 3-4 cents lower again today. For the week CZ fell 7 cents. Funds cut their short position substantially this week and were even estimated long in a limited amount mid-week but they end the week with an estimated short position of 5,000-7,000 contracts. Higher trade Monday was tied to short covering strength in soybeans, but as U.S. harvest weather improved and export business failed to excite, corn futures fell through the week. Ukraine corn harvest has shown better than expected yields and they are competitive in the world market. U.S. has a record export pace expected and any news that detracts from this expectation will concern the market. Trade is also realizing ethanol margins are tight and there is at least some concern regarding hitting USDA objectives. The November S&D is anticipated for possible yield reductions to offset possible reductions in demand later in the marketing year. NOAA’s winter weather outlook reflects light EL Nino conditions expected with the Midwest forecast for normal precip and normal temps east and above normal temps west. Southern U.S. expecting normal temps and above normal precip. (Wooly worms and Farmer’s Almanac disagree re: winter weather.)

Soybeans closed 7 cents lower today and SX lost 10 cents this week – quite a reversal from the short covering rally on Monday. Drawback from hopes the China/U.S. trade situation would improve (we seem to want to get our hopes up at least once a week,) improved harvest pace, and poor weekly exports all weighed on futures through the week. Funds did liquidate part of their short position this week but still trade from the short side. News today that China cancelled 180 tmt of U.S. bean purchases and unknown destinations canceled 120 tmt of purchases set the trading tone for the day. China announced the weakest 3rd quarter economic growth since 08/09, which has market bulls hoping China becomes more willing to negotiate with the U.S. Brazil to see good rains through the weekend and planting progress is adequate enough that these rains are viewed as beneficial and not hampering planting.

Wheat closed 2 cents higher today with Chicago WZ 2 cents lower this week. Futures were range bound this week. Bulls continue to anticipate a rally as Russian wheat exports decline and demand moves to the U.S., at least to some degree.

Weekly Export Sales:


Oct 11th USDA Production & Stocks Report

  USDA – Oct. Avg. Est. USDA – Sept.
Corn Production 14.778 14.851 14.827
Corn Yield 180.7 181.8 181.3
       
Bean Production 4.690 4.733 4.693
Bean Yield 53.1 53.4 52.8
       
       
Corn Ending Stocks 1.813 1.932 1.774
Bean Ending Stocks 0.885 0.907 0.845
Wheat Ending Stocks 0.956 0.975 0.935

Comments from Mid-Co Commodities

Average Price Program Results:
Fall Corn=$3.71
Fall Beans=$9.85

7-day precip forecast (Oct 19-26)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1539939629
Have a good & safe weekend!

Sometimes all you need is just for somebody to believe in you in order to be able to accomplish maybe what you never thought you could.
Drew Brees

E-mail Delivery Sheets:  If you would like to receive your grain delivery sheets by e-mail, please let us know.  We can do that.

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Local Cash Bids
 
  Fall 18 Dec Jan 19 Mar Fall 19 Jan 20
STANFORD CORN Cash Price
Basis
Futures Month @C8Z @C8Z @C9H @C9H @C9Z @C0H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S8X @S9F @S9F @S9H @S9X @S0F
  Chart Chart Chart Chart Chart Chart
Price as of 10/20/18 03:03AM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 18 370'4 371'0 366'0 366'2 -3'6 367'0s 10/19 Chart for @C8Z Options for @C8Z
Mar 19 382'6 383'0 378'4 378'4 -3'4 379'4s 10/19 Chart for @C9H Options for @C9H
May 19 390'0 390'2 386'0 386'0 -3'2 387'0s 10/19 Chart for @C9K Options for @C9K
Jul 19 395'2 395'6 391'4 391'4 -3'0 392'6s 10/19 Chart for @C9N Options for @C9N
Sep 19 396'4 397'2 393'0 393'0 -2'2 394'4s 10/19 Chart for @C9U Options for @C9U
Dec 19 401'4 402'4 398'4 398'4 -2'0 400'0s 10/19 Chart for @C9Z Options for @C9Z
Mar 20 411'0 411'2 408'0 408'0 -2'2 409'0s 10/19 Chart for @C0H Options for @C0H
May 20 415'6 415'6 415'0 415'0 -2'2 414'4s 10/19 Chart for @C0K Options for @C0K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 18 865'2 866'2 856'2 856'2 -6'6 856'6s 10/19 Chart for @S8X Options for @S8X
Jan 19 879'2 880'2 870'0 870'2 -7'2 870'4s 10/19 Chart for @S9F Options for @S9F
Mar 19 892'2 893'0 883'0 883'0 -7'0 883'4s 10/19 Chart for @S9H Options for @S9H
May 19 905'0 906'2 896'4 896'6 -6'6 897'0s 10/19 Chart for @S9K Options for @S9K
Jul 19 915'2 916'4 907'0 907'4 -6'2 907'4s 10/19 Chart for @S9N Options for @S9N
Aug 19 920'2 920'4 911'6 911'6 -6'4 911'6s 10/19 Chart for @S9Q Options for @S9Q
Sep 19 919'2 919'2 913'0 913'2 -6'0 913'2s 10/19 Chart for @S9U Options for @S9U
Nov 19 926'2 927'6 917'4 918'0 -6'6 918'0s 10/19 Chart for @S9X Options for @S9X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 18 513'0 518'4 510'6 513'6 1'6 514'6s 10/19 Chart for @W8Z Options for @W8Z
Mar 19 532'6 537'6 531'0 534'0 0'6 534'2s 10/19 Chart for @W9H Options for @W9H
May 19 545'0 549'4 543'4 546'2 1'2 547'0s 10/19 Chart for @W9K Options for @W9K
Jul 19 551'0 555'2 549'2 552'2 1'0 552'6s 10/19 Chart for @W9N Options for @W9N
Sep 19 561'6 565'2 560'2 562'2 -0'2 562'4s 10/19 Chart for @W9U Options for @W9U
Dec 19 576'6 579'0 575'0 576'0 -1'0 576'6s 10/19 Chart for @W9Z Options for @W9Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 18 95.695 95.830 95.275 95.395 -0.195 95.443s 10/19 Chart for @DX8Z Options for @DX8Z
Mar 19 95.135 95.245 94.715 94.780 -0.205 94.878s 10/19 Chart for @DX9H Options for @DX9H
Jun 19 94.450 94.450 94.450 94.450 -0.205 94.353s 10/19 Chart for @DX9M Options for @DX9M
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Dec 18 79.44 80.88 79.22 80.02 0.49 79.78s 10/19 Chart for EB8Z Options for EB8Z
Jan 19 78.87 80.27 78.67 79.54 0.51 79.26s 10/19 Chart for EB9F Options for EB9F
Feb 19 78.71 80.04 78.51 79.41 0.52 79.11s 10/19 Chart for EB9G Options for EB9G
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Stanford, IL
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Local Forecast
Stanford, IL
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High: 50°F
Low: 33°F
Precip: 0%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 48oF Feels Like: 44oF
Humid: 89% Dew Pt: 45oF
Barom: 30.05 Wind Dir: W
Cond: N/A Wind Spd: 9 mph
Sunrise: 7:12 Sunset: 6:08
As reported at BLOOMINGTON, IL at 2:00 AM
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DTN Videos
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10/19/2018 Soybeans Weekly Reversal Low Friday
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10/19/2018 Corn, Soy Lower Friday

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