The Stanford Grain Company Annual Meeting will be held on Tuesday, August 12th at 8:00AM at the Allin Township Community Building. (Notice change in meeting location)
Monday Morning Comments (7/28) Good Morning. The corn and soybean markets are trading higher with wheat drifting lower. Nearby corn was able to hold the contract low on Friday and close higher and this has helped today’s bounce. The markets are also getting some light support from the drier weather trend predicted again this week. There are parts of the cornbelt that could use some rain but the cooler temperatures are obviously helping this time of year. The central to southern part of Illinois did receive some rain on Friday and Saturday. Temps will be below average this week with a few light showers predicted again this coming weekend. Talk of additional export demand for this fall on soybeans to China is offering some support to that complex with CIF bean values for the harvest time slot firming once again going home last week. An improved weather forecast for the EU is weighing on wheat. Export inspections will be out this morning with corn expected at 35 to 40 Mln. bu., beans at 2 to 5 Mln. bu, and wheat at 15 to 20 Mln. bu. Crop progress this afternoon is expected to show corn and soybean ratings steady, which is still very good for the end of July. First notice day for August beans is Thursday, July 31st. The corn market is attempting some consolidation and if the recent lows can hold, the need for a technical bounce could support some recovery. The upside, however, is likely limited if the forecast never shows any extreme heat.
Comments from Mid-Co Commodities Have a good & safe day!
ACH Payments are now available. Call for details or to sign up.
Duracade Notice: If you are planting corn with the Duracade trait this spring and plan to haul it to Stanford Grain, please let us know. We will need to make arrangements to handle it. Thank You for your cooperation.