Stanford Grain Company
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                             207 West Main Street - Stanford IL 61774 
              
Sunday, February 18, 2018
 
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Stanford Grain will be closed Monday, Feb. 19th for President's Day
(Grain markets are closed during the day and reopen @ 7:00PM Monday night)
 

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 65 cents, & Wheat 30 cents

Friday Afternoon Comments (2/16/18)

Corn futures closed fractionally lower on a day that saw just a 2 cent range in corn. News was fairly quiet today as traders took a break ahead of the 3-day weekend. The grain markets will be closed until Monday night at 7 p.m. central time. The Argentina weather forecast is still on the top step in terms of news. The USDA is currently at 39 MMT for Argentina corn, with private estimates 1 to 2 MMT lower than that. The Buenos Aires Grain Exchange estimated that 58% of the Argentine corn and 56% of the beans are in the poor to very poor category. The Brazilian 2nd corn crop is estimated to be 46% planted vs. the average of 41%. Last year it was 58.4% planted. Mato Grosso made good progress in planting last week, but Parana, in the south, remains behind. The next week or so will be critical in those areas as yield potential dips if the crop is planted by March 1st. The USDA announced a sale of 116,000 tons of corn to Japan for this marketing year. Weekly corn exports have averaged right around 70 Mln. bu. per week over the last 5 weeks. Resistance for March corn is growing near $3.68 ½ as that has been the high for 3 days this week.

Soybeans finished slightly lower, breaking a string of 4 up days in a row. The fund buying took a pause today as the trade is in a wait and see mode on Argentina rain over the weekend. Rain chances will hang around, but totals and coverage levels will be highly debated come Monday night. 3 day weekends in a weather market always seem to crank up the volatility a notch. Soybean meal, which has been leading the recent rally, showed a small reversal at the close today with March meal closing lower after setting a new recent high. Mato Grosso in Brazil is estimated to be 45% done with bean harvest, up 16% on the weekend. Last year it was 52% complete. The commitment of traders report this afternoon is expected to show the funds were buyers of all 3 commodities this prior week. For the week, March corn closed 5 ½ cents higher. March beans were up 38 ½ cents for the week, with March wheat up 8 ¾ cents.

USDA report – February 8, 2018

  USDA - Feb Avg. Est. USDA - Jan
Corn ending stocks 2.352 2.467 2.477
Bean ending stocks .530 0.492 0.470
Wheat ending stocks 1.009 0.993 0.989
       
Brazil Corn 95.0 93.5 95.0
Brazil Beans 112.0 111.4 110.0
       
Argentina Corn 39.0 40.5 42.0
Argentina Beans 54.0 53.8 56.0

U.S. bean exports down 60 Mln. bu. to 2.100  Blu. 

U.S. corn exports up 125 Mln. bu. to 2.050 Bln. Bu.
 

Comments from Mid-Co Commodities
7-day precip forecast (Feb 16-Feb 23)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1518787178

Have a good & safe holiday weekend!

It's not so much knowing when to speak, it's when not to.
Jack Benny


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Local Cash Bids
 
  Feb March April May June July Fall 18 Jan 19 Fall 19
STANFORD CORN Cash Price
Basis
Futures Month @C8H @C8H @C8K @C8K @C8N @C8N @C8Z @C9H @C9Z
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BEANS Cash Price
Basis
Futures Month @S8H @S8H @S8K @S8K @S8N @S8N @S8X @S9F @S9X
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Price as of 02/18/18 04:08AM CST.
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 18 368'0 368'4 366'4 367'2 -0'2 367'4s 02/16 Chart for @C8H Options for @C8H
May 18 375'2 376'0 374'2 374'6 -0'4 375'0s 02/16 Chart for @C8K Options for @C8K
Jul 18 383'0 383'6 381'6 382'4 -0'2 382'6s 02/16 Chart for @C8N Options for @C8N
Sep 18 389'0 390'0 388'4 389'2 -0'2 389'4s 02/16 Chart for @C8U Options for @C8U
Dec 18 397'0 397'6 396'0 397'0 -0'4 397'0s 02/16 Chart for @C8Z Options for @C8Z
Mar 19 404'4 405'2 403'6 404'6 -0'4 404'6s 02/16 Chart for @C9H Options for @C9H
May 19 408'6 410'0 408'6 410'0 0'0 409'6s 02/16 Chart for @C9K Options for @C9K
Jul 19 413'4 414'4 413'0 414'2 0'2 414'2s 02/16 Chart for @C9N Options for @C9N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 18 1023'4 1028'2 1012'0 1021'2 -2'6 1021'4s 02/16 Chart for @S8H Options for @S8H
May 18 1034'2 1039'0 1023'0 1032'0 -2'4 1032'4s 02/16 Chart for @S8K Options for @S8K
Jul 18 1043'6 1048'4 1033'0 1041'6 -2'4 1042'2s 02/16 Chart for @S8N Options for @S8N
Aug 18 1044'6 1049'2 1034'2 1042'0 -2'4 1043'2s 02/16 Chart for @S8Q Options for @S8Q
Sep 18 1032'2 1035'2 1023'6 1030'4 -2'2 1030'6s 02/16 Chart for @S8U Options for @S8U
Nov 18 1023'0 1023'6 1015'2 1021'6 -1'6 1022'0s 02/16 Chart for @S8X Options for @S8X
Jan 19 1026'0 1028'0 1020'0 1026'0 -1'2 1026'2s 02/16 Chart for @S9F Options for @S9F
Mar 19 1022'0 1022'6 1017'2 1020'2 -1'4 1020'4s 02/16 Chart for @S9H Options for @S9H
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 18 463'4 464'4 456'6 458'0 -4'0 457'6s 02/16 Chart for @W8H Options for @W8H
May 18 478'0 478'0 470'2 471'6 -3'6 471'4s 02/16 Chart for @W8K Options for @W8K
Jul 18 491'0 492'2 484'6 486'0 -3'4 486'4s 02/16 Chart for @W8N Options for @W8N
Sep 18 506'0 507'6 500'2 502'0 -3'0 502'4s 02/16 Chart for @W8U Options for @W8U
Dec 18 527'0 527'6 520'4 522'6 -2'6 523'2s 02/16 Chart for @W8Z Options for @W8Z
Mar 19 541'0 542'0 536'4 538'4 -2'4 538'4s 02/16 Chart for @W9H Options for @W9H
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 18 88.500 89.150 88.150 89.045 0.508 89.013s 02/16 Chart for @DX8H Options for @DX8H
Jun 18 88.180 88.820 87.830 88.695 0.503 88.673s 02/16 Chart for @DX8M Options for @DX8M
Sep 18 87.555 88.245 87.455 88.150 0.503 88.313s 02/16 Chart for @DX8U Options for @DX8U
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Apr 18 64.66 65.22 64.19 64.90 0.51 64.84s 02/16 Chart for EB8J Options for EB8J
May 18 64.33 64.87 63.86 64.60 0.53 64.53s 02/16 Chart for EB8K Options for EB8K
Jun 18 63.94 64.52 63.54 64.28 0.53 64.21s 02/16 Chart for EB8M Options for EB8M
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Temp: 20oF Feels Like: 12oF
Humid: 92% Dew Pt: 18oF
Barom: 30.33 Wind Dir: NNW
Cond: N/A Wind Spd: 6 mph
Sunrise: 6:44 Sunset: 5:34
As reported at BLOOMINGTON, IL at 3:00 AM
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