Stanford Grain will be closed Monday, May 28 for Memorial Day.
CBOT Memorial Day Trading Hours: Friday 5/25: Regular Close Sunday 5/27: No Overnight Trade Monday 5/28 Morning & Afternoon: Market Closed Monday 5/28 Overnight: Market Open @ 7:00PM Tuesday 5/29: Regular Market Hours
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
Friday Morning Comments (5/25/18) Good morning. Grains and soybeans are back in the green this morning on weather concerns and optimism that this weekend’s trip to China by Commerce Secretary Ross will result further trade progress between the U.S. and China. A hot holiday weekend is in store for most of the Midwest and the Plains region. Although the young corn and soybean crops are in good to excellent condition across most of the Midwest (the initial corn condition numbers in Tuesday’s crop conditions report are expected to show corn in excellent condition from a historical perspective), much of the central Midwest could use a rain, especially given the hot temperatures predicted for the next seven days. Parts of northern Iowa and Southern Minnesota need to dry out before corn and soybean planting can be wrapped up. This region will see hit and miss rains the next several days, but some planting will occur. Parts of Wisconsin and Ohio also have significant corn and soybean acreage that is not yet planted. An active planting weekend is expected for Ohio. Wheat has been the price leader much of the week on adverse U.S. and world weather and this morning is not an exception. Heat and dryness will be the rule across the Plains region for at least another week. Western Australia did get beneficial rains overnight of up to 1.5” but the eastern half of Australia remains dry. Ukraine and western Russia remain too dry and wheat yield potential there is in decline. To the east, the Russian spring wheat crop is being adversely affected by cold and wet conditions. A Russian ag consultant lowered its Russian wheat crop estimate by 3 MMT’s. Commodity funds are currently estimated to be long 200,000 corn, 109,000 soybean, and 22,000 Chicago wheat contracts. After today’s 1:20 PM close, trading will resume Monday night at 7 PM CST. A higher bias looks likely for both grains and soybeans as we finish the week. Have a good Friday and great holiday weekend!
Comments from Mid-Co Commodities
7-day precip forecast (May 25-June 1) Have a good & safe day!
As America celebrates Memorial Day, we pay tribute to those who have given their lives in our nation's wars. John M. McHugh
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