Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Tuesday, October 21, 2014
 
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Harvest Hours:
Monday-Saturday: 7am-7pm
Sunday: Noon-5pm (corn & beans)
(weather permitting)

2014 Fall Policy is Available
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Tuesday Afternoon Comments (10/21)
Today proved to be another example of why many in this industry enjoy what they do. It is something new every day. An open week of harvest weather was expected to weigh on corn futures this week but December corn has closed higher in both sessions this week. The Dec. corn was able to bounce off the 40-day moving average ($3.42) yesterday and was able to hold the 50-day moving average ($3.48) today. The USDA provided a little support with corn harvest progress at just 31% done, compared to the average of 53%. Illinois is 43% done (63% avg.) and Iowa is 19% complete (53% avg.). Expectations were for harvest progress to be close to 35% done. While this was supportive to the trade early this week, it also needs to serve as a reminder that there is a lot of harvest yet to go. Yields continue to be good and the overall balance sheet still shows plenty of corn both here and worldwide. Some of the focus for corn has also already turned to next year when corn acres are expected to be lower once again. Commodities in general were higher as metals, energies, and equities all were positive today. Ethanol numbers will be released tomorrow.

Soybean futures closed firm today as harvest delays and neighboring soybean meal offered support. December meal closed to the highest level since early September as meal demand remains strong. A strong meal export program is supporting good crush margins and the lack of consistent harvest progress is encouraging futures to rally to entice producer movement. The USDA estimated that 53% of the soybean crop has been harvested. The 5-year average is 66%. Illinois is 37% harvested (66% avg.) and Iowa is 61% harvested (77% avg.). The weather does look more conducive to bean harvest over the next few days. There is a small chance of rain on Thursday, but then the weekend looks clear with warm and sunny weather. A good chunk of beans are expected to be harvested a week from now. November soybeans did close right at the 40-day moving average today which is something the trade will keep an eye on tomorrow.
 Comments from Mid-Co Commodities
Have a good & safe night.

ACH Payments are now available. 
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Duracade Notice:
If you have corn with the Duracade trait 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.   

2015 Crop
As you make plans for your 2015 crop, Stanford Grain will not accept grain with the Viptera and Duracade traits.
Thank You for your cooperation.
 

 

 


Local Cash Bids
 
  Fall Dec Jan 15 Fall 15 Jan 16
STANFORD CORN Cash Price
Basis
Futures Month @C4Z @C4Z @C5H @C5Z @C6H
  Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S4X @S5F @S5F @S5X @S6F
  Chart Chart Chart Chart Chart
Price as of 10/21/14 04:29PM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 347'4 358'6 347'0 356'0 7'6 356'0s 03:59P Chart for @C4Z Options for @C4Z
Mar 15 360'6 372'2 360'4 369'4 7'6 369'4s 03:16P Chart for @C5H Options for @C5H
May 15 369'6 381'0 369'4 378'2 8'0 378'4s 03:33P Chart for @C5K Options for @C5K
Jul 15 376'6 388'2 376'6 385'6 7'4 385'4s 03:26P Chart for @C5N Options for @C5N
Sep 15 385'0 395'2 384'6 392'6 7'2 392'6s 03:11P Chart for @C5U Options for @C5U
Dec 15 394'0 404'0 394'0 402'0 6'4 401'4s 02:55P Chart for @C5Z Options for @C5Z
Mar 16 404'0 412'2 403'6 410'0 6'0 410'0s 03:02P Chart for @C6H Options for @C6H
May 16 410'6 416'4 410'6 416'4 5'6 416'4s 01:30P Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 944'0 966'6 942'6 965'4 20'0 964'2s 03:30P Chart for @S4X Options for @S4X
Jan 15 951'4 974'0 950'6 972'4 19'4 971'6s 03:46P Chart for @S5F Options for @S5F
Mar 15 960'0 981'2 958'4 979'6 18'6 979'0s 03:08P Chart for @S5H Options for @S5H
May 15 968'0 989'2 967'6 987'6 18'0 987'0s 01:30P Chart for @S5K Options for @S5K
Jul 15 975'0 995'4 974'6 993'4 16'6 992'6s 03:43P Chart for @S5N Options for @S5N
Aug 15 984'2 996'4 982'2 995'2 16'0 994'0s 01:30P Chart for @S5Q Options for @S5Q
Sep 15 967'6 984'2 967'6 982'6 15'0 982'0s 01:30P Chart for @S5U Options for @S5U
Nov 15 959'4 979'0 959'4 976'0 14'4 975'6s 02:38P Chart for @S5X Options for @S5X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 515'0 523'6 512'2 519'4 5'6 519'2s 03:08P Chart for @W4Z Options for @W4Z
Mar 15 527'0 537'2 525'4 533'2 6'6 533'0s 03:01P Chart for @W5H Options for @W5H
May 15 533'2 544'4 532'6 540'4 8'0 540'4s 01:30P Chart for @W5K Options for @W5K
Jul 15 540'0 551'0 539'2 547'6 8'2 547'2s 03:52P Chart for @W5N Options for @W5N
Sep 15 553'2 560'4 553'2 557'2 7'6 556'6s 01:30P Chart for @W5U Options for @W5U
Dec 15 567'2 572'6 565'6 568'4 6'4 568'6s 01:30P Chart for @W5Z Options for @W5Z
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Dec 14 16348.00 16559.00 16210.00 16556.00 216.00 16547.00s 04:14P Chart for +DJ4Z Options for +DJ4Z
Mar 15 16200.00 214.00 16475.00s 04:14P Chart for +DJ5H Options for +DJ5H
Jun 15 16389.00 214.00 16389.00s 04:14P Chart for +DJ5M Options for +DJ5M
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 14 85.130 85.460 84.795 85.460 0.366 85.404s 04:00P Chart for @DX4Z Options for @DX4Z
Mar 15 85.275 85.630 84.985 85.630 0.363 85.579s 04:00P Chart for @DX5H Options for @DX5H
Jun 15 85.520 0.363 85.759s 04:00P Chart for @DX5M Options for @DX5M
EB - BRENT CRUDE - ICEFE
Month Open High Low Last Change Close Time More
Dec 14 85.13 86.48 85.10 86.34 0.93 86.22 04:18P Chart for EB4Z Options for EB4Z
Jan 15 85.70 86.84 85.65 86.69 0.84 86.58 04:18P Chart for EB5F Options for EB5F
Feb 15 86.17 87.23 86.13 87.09 0.76 86.98 04:18P Chart for EB5G Options for EB5G
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Stanford, IL
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Stanford, IL
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High: 59°F
Low: 41°F
Precip: 0%
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Low: 37°F
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Low: 40°F
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 59oF Feels Like: 59oF
Humid: 47% Dew Pt: 39oF
Barom: 30.17 Wind Dir: N
Cond: N/A Wind Spd: 10 mph
Sunrise: 7:13 Sunset: 6:07
As reported at BLOOMINGTON, IL at 4:00 PM
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