Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Tuesday, August 21, 2018
 
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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

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

Tuesday Morning Comments (8/21/18)
Good Morning.  Grain prices are mostly lower as wheat pulls its neighbors lower this morning.  Wheat has been moving lower on technical profit taking and on talks that Russia will speed up the exporting of wheat ahead of potential export curbs.  Soybeans faded yesterday as President Trump basically dismissed the prospects for any real progress on trade talks this week between the U.S. and China.  Lower ranking officials from each country are expected to begin talks today through Thursday.  The talks are expected to set the stage for more serious talks in November.  The Pro Farmer crop tour found good crops in both South Dakota and Ohio.  They put the South Dakota yield at 178 bpa, up from their yield of 148 last year.  The USDA is at 170, which would be a record.  The tour has Ohio at 179.6 bpa, also up from last year of 164.6.  The USDA has Ohio at a record of 180 bpa.  The tour found good bean pod counts for both states.  I haven’t mentioned much in this space yet, but the trade is closely watching the African swine fever in China.  The 3rd case of the highly infectious hog disease was found over the weekend.  There has been some culling of hogs (roughly about 10,000 hogs so far) to help prevent the spread of the disease, with a major slaughterhouse being shut down as well.   It is hard to know exactly, but it is estimated that China has about 700 Mln. head of swine (give or take a few million).  So not much of an impact yet, but something to watch.  Rain did move through parts of the cornbelt yesterday.  Combine that with cooler temps and maturity should slow a touch.  It does look warmer next week.  Corn ratings were down 2% and bean ratings were down 1%.  Ratings mean less and less as we approach harvest, as the ratings will be replaced with actual harvest yields.  More tour news will be out today and we will see if we hear any news about the trade meetings.   Have a great day. 


Aug 10th USDA Report

  USDA - August Avg. Est. USDA - July
Corn Production 14.586 14.417 14.230
Corn Yield 178.4 176.3 174.0
       
Bean Production 4.585 4.428 4.310
Bean Yield 51.6 49.8 48.5
       
  USDA – 18/19 August Avg. Est. USDA – 18/19
July
Corn Ending Stocks 1.684 1.630 1.552
Bean Ending Stocks 0.785 0.641 0.580
Wheat Ending Stocks 0.935 0.959 0.985

Comments from Mid-Co Commodities

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

7-day precip forecast (Aug 21-Aug 28)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1534852000
Have a good & safe day!

When one must, one can.
Charlotte Whitton

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Local Cash Bids
 
  Aug Fall 18 Dec Jan 19 Mar Fall 19
STANFORD CORN Cash Price
Basis
Futures Month @C8U @C8Z @C8Z @C9H @C9H @C9Z
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BEANS Cash Price
Basis
Futures Month @S8X @S8X @S9F @S9F @S9H @S9X
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Price as of 08/21/18 02:42PM CDT.
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 18 362'6 363'6 358'4 359'4 -2'2 359'6s 02:30P Chart for @C8U Options for @C8U
Dec 18 377'2 378'2 372'6 373'4 -2'2 374'2s 02:30P Chart for @C8Z Options for @C8Z
Mar 19 389'2 390'0 384'6 386'0 -2'2 386'2s 01:30P Chart for @C9H Options for @C9H
May 19 395'2 396'6 392'0 392'6 -2'2 393'2s 01:30P Chart for @C9K Options for @C9K
Jul 19 401'6 403'0 398'0 398'4 -2'4 399'0s 01:30P Chart for @C9N Options for @C9N
Sep 19 399'6 400'4 396'4 396'6 -2'4 397'4s 01:21P Chart for @C9U Options for @C9U
Dec 19 403'2 404'0 400'0 400'2 -1'6 401'0s 01:30P Chart for @C9Z Options for @C9Z
Mar 20 412'6 412'6 410'2 411'0 -1'6 411'4s 01:21P Chart for @C0H Options for @C0H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 18 874'0 883'2 873'4 873'4 -7'2 874'4s 01:30P Chart for @S8U Options for @S8U
Nov 18 887'4 894'6 884'6 885'0 -7'2 886'0s 02:30P Chart for @S8X Options for @S8X
Jan 19 901'0 907'0 897'2 897'4 -7'0 898'6s 01:30P Chart for @S9F Options for @S9F
Mar 19 910'6 917'6 908'2 909'6 -6'2 910'2s 01:30P Chart for @S9H Options for @S9H
May 19 921'4 928'4 919'0 920'0 -6'2 921'0s 01:30P Chart for @S9K Options for @S9K
Jul 19 932'0 937'4 928'0 928'6 -6'0 929'6s 02:30P Chart for @S9N Options for @S9N
Aug 19 931'0 933'2 931'0 931'2 -6'0 931'4s 01:21P Chart for @S9Q Options for @S9Q
Sep 19 935'4 -4'6 927'2s 01:21P Chart for @S9U Options for @S9U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 18 544'0 544'2 526'2 527'4 -15'0 527'2s 01:30P Chart for @W8U Options for @W8U
Dec 18 564'6 564'6 546'4 548'0 -14'6 547'6s 01:30P Chart for @W8Z Options for @W8Z
Mar 19 587'0 587'2 569'6 571'0 -14'0 571'2s 01:30P Chart for @W9H Options for @W9H
May 19 596'4 596'4 580'0 582'0 -13'6 581'6s 01:30P Chart for @W9K Options for @W9K
Jul 19 588'4 588'4 574'0 574'4 -10'6 575'0s 01:30P Chart for @W9N Options for @W9N
Sep 19 592'4 592'4 581'0 581'2 -10'6 581'6s 01:21P Chart for @W9U Options for @W9U
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 18 95.625 95.660 94.960 95.160 -0.629 95.150 02:31P Chart for @DX8U Options for @DX8U
Dec 18 95.200 95.210 94.545 94.740 -0.624 94.725 02:31P Chart for @DX8Z Options for @DX8Z
Mar 19 94.545 94.660 94.065 94.090 -0.639 94.250 02:31P Chart for @DX9H Options for @DX9H
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Oct 18 72.15 72.95 72.05 72.44 0.23 72.63 02:30P Chart for EB8V Options for EB8V
Nov 18 72.52 73.26 72.39 72.72 0.15 72.91 02:30P Chart for EB8X Options for EB8X
Dec 18 72.56 73.31 72.45 72.71 0.08 72.92 02:30P Chart for EB8Z Options for EB8Z
My Custom Markets
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Stanford, IL
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Local Forecast
Stanford, IL
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High: 78°F
Low: 65°F
Precip: 42%
High: 78°F
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 69oF Feels Like: 70oF
Humid: 87% Dew Pt: 65oF
Barom: 29.99 Wind Dir: NNW
Cond: N/A Wind Spd: 17 mph
Sunrise: 6:12 Sunset: 7:45
As reported at BLOOMINGTON, IL at 2:00 PM
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