Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Thursday, January 17, 2019
 
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Stanford Grain will be closed Monday, Jan. 21 for Martin Luther King Day. 
Grain markets are close that day.


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 60 cents, & Wheat 35 cents

Thursday Afternoon Comments (1/17/19)

Corn futures ended the session firmer. Today’s move higher pushed the March contract through its 10 and 20-day moving averages. Resistance now stands at $3.84 ½, which is the recent high. A move above that level would likely trigger some buy stops and potentially ratchet the market higher. Today’s upward movement was attributed to rumors that new Asian business for U.S. corn may have been happening combined with a drier forecast for Brazil midday. Currently, the Brazilian soybean harvest is underway and the country's second, or 'safrinha,' corn crop will be planted right behind it. Therefore, traders will be keeping a close eye on anything that can slow the bean harvest and result in planting delays for the 2nd corn crop.

Soybean futures ended the session higher, despite a lack of export confirmations to China and the fact U.S./Chinese trade negotiations are on a break. A solid reason for the rally was hard to come by but there was talk that Sino Grain, which is China’s reserve buyer may have been asking for U.S. soybean export offers. In addition, the midday weather maps showed drier conditions for Brazil. Previously, forecasts were uncertain regarding upcoming moisture in South America. Private analysts continue to reduce Brazil’s soybean production number, with most estimates hovering around 117 MMT’s. Brazil's soybean harvest is progressing with Parana thought to be 10% done and Mato Grosso near 6% complete. Argentina needs to have their beans planted by now. Earlier in the week, the Buenos Aires Grain Exchanged estimated Argentina’s soybean farmers had finished planting 96.1% of the area expected to be sown with the crop. Although, reports are popping up that an increasing number of farmers in Argentina have given up soybean acres after several flooded replant attempts.

The grain markets will be closed on Monday, January 21st for Martin Luther King, Jr. Day. Trading will resume Monday evening at 7:00 p.m.

7-day precip forecast (Jan 17-Jan 24)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1547719197
Have a good & safe night!

I've got a theory that if you give 100% all of the time, somehow things will work out in the end.
Larry Bird

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Local Cash Bids
 
  Jan 19 Feb Mar Apr Fall 19 Jan 20
STANFORD CORN Cash Price
Basis
Futures Month @C9H @C9H @C9H @C9K @C9Z @C0H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S9H @S9H @S9H @S9K @S9X @S0F
  Chart Chart Chart Chart Chart Chart
Price as of 01/17/19 07:21PM CST.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 19 379'6 379'6 378'6 379'0 -1'0 380'0 07:10P Chart for @C9H Options for @C9H
May 19 388'0 388'0 386'6 387'0 -1'0 388'0 07:10P Chart for @C9K Options for @C9K
Jul 19 395'2 395'2 394'2 394'2 -1'2 395'4 07:10P Chart for @C9N Options for @C9N
Sep 19 398'4 398'4 397'2 397'4 -1'0 398'4 07:10P Chart for @C9U Options for @C9U
Dec 19 403'0 403'0 402'0 402'4 -0'6 403'2 07:10P Chart for @C9Z Options for @C9Z
Mar 20 412'0 412'0 411'0 411'2 -1'2 412'4 07:10P Chart for @C0H Options for @C0H
May 20 416'4 416'4 416'4 416'4 -1'0 417'4 07:09P Chart for @C0K Options for @C0K
Jul 20 419'4 423'0 418'4 422'0 3'4 422'0s 07:09P Chart for @C0N Options for @C0N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 19 908'2 908'4 906'6 907'0 -0'6 907'6 07:10P Chart for @S9H Options for @S9H
May 19 921'4 922'0 920'4 920'4 -0'4 921'0 07:10P Chart for @S9K Options for @S9K
Jul 19 936'0 936'0 933'2 933'4 -0'4 934'0 07:10P Chart for @S9N Options for @S9N
Aug 19 927'2 942'4 926'2 938'6 13'0 939'0s 07:10P Chart for @S9Q Options for @S9Q
Sep 19 941'2 941'2 941'0 941'0 0'0 941'0 07:10P Chart for @S9U Options for @S9U
Nov 19 948'0 948'0 947'0 947'2 -1'0 948'2 07:10P Chart for @S9X Options for @S9X
Jan 20 948'6 961'4 948'6 958'4 10'2 959'4s 07:10P Chart for @S0F Options for @S0F
Mar 20 957'4 968'4 956'4 965'2 8'2 965'2s 07:10P Chart for @S0H Options for @S0H
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 19 519'6 519'6 518'2 518'2 0'4 517'6 07:10P Chart for @W9H Options for @W9H
May 19 525'0 525'0 523'4 523'4 0'4 523'0 07:10P Chart for @W9K Options for @W9K
Jul 19 528'4 528'6 528'4 528'6 0'4 528'2 07:08P Chart for @W9N Options for @W9N
Sep 19 531'0 540'4 529'0 537'0 5'2 536'6s 07:08P Chart for @W9U Options for @W9U
Dec 19 550'0 550'6 550'0 550'6 1'0 549'6 07:08P Chart for @W9Z Options for @W9Z
Mar 20 554'6 562'0 553'0 559'4 4'2 559'0s 07:08P Chart for @W0H Options for @W0H
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 19 95.720 95.720 95.705 95.720 0.007 95.713 07:10P Chart for @DX9H Options for @DX9H
Jun 19 95.190 95.188 Chart for @DX9M Options for @DX9M
Sep 19 94.730 94.723 Chart for @DX9U Options for @DX9U
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Mar 19 61.33 61.63 61.32 61.58 0.40 61.18 07:10P Chart for EB9H Options for EB9H
Apr 19 61.27 61.59 61.27 61.55 0.39 61.16 07:09P Chart for EB9J Options for EB9J
May 19 61.49 61.74 61.49 61.70 0.38 61.32 07:09P Chart for EB9K Options for EB9K
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Stanford, IL
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Local Forecast
Stanford, IL
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High: 32°F
Low: 20°F
Precip: 50%
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Precip: 80%
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Precip: 60%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 31oF Feels Like: 21oF
Humid: 92% Dew Pt: 29oF
Barom: 30.09 Wind Dir: NW
Cond: N/A Wind Spd: 12 mph
Sunrise: 7:15 Sunset: 4:56
As reported at BLOOMINGTON, IL at 7:00 PM
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