Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Tuesday, December 18, 2018
 
Home
Stanford Grain Co.
Switchboard
Marketplace
My Website
Admin Login
2018 Fall Policy
Make an Offer
Corn and Soybean Profit and Loss Calculator
  
 
 



Market Outlook Meeting:
Stanford Grain will be hosting a market outlook meeting on Wednesday, Dec. 19th beginning at 8AM at the Allin Twsp building.  Aaron Curtis from Mid-Co Commodities will give the market presentation.  Also Mike McClellan from Mobile Weather Team will give a weather outlook presentation. 

Christmas & New Year's Schedule:
Monday, 12/24: Markets & Elevator Closing at Noon
Tuesday 12/25: Markets & Elevator Closed
Wednesday, 12/26: Elevator Opens @ 7:30 & Markets Open @ 8:30 (no night trade)
Monday, 12/31: Markets & Elevator open regular hours
Tuesday, 1/1/19: Markets & Elevator Closed
Wednesday, 1/2/19: Elevator Opens @ 7:30 & Markets Open @ 8:30 (no night trade)

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

Tuesday Morning Comments (12/18/18)

Good morning. Grains are a bit weaker, but soybeans are slightly higher to begin the day after a rather quiet overnight trade. The Dollar is weaker, and it looks like the stock market will open with small gains. Oil is again lower as the bear market continues.  February crude oil futures were trading near $75 in early October and are now under $49. It would seem that oil needs to rebound somewhat for a significant corn rally. The Trump Administration announced yesterday afternoon that it has approved the second round of payments to farmers hurt by the trade war with China. We’ll see how the farmer reacts to the news – some suggest that he will now be a much more aggressive seller of his old crop beans while others think the additional cash flow will cause him to hold on for a market rally. The general sentiment is that additional Chinese sales will soon be announced with sales of another 2 to 5 MMT’s of soybeans expected. Brazilian soybean premiums are at their lowest level in nearly a year as Chinese importers are unwilling to make large purchases amid optimism over U.S./Chinese trade. Rumors persist that China has purchased U.S. corn to be shipped from the PNW. The PNW track market did firm noticeably late last week. Nearby barge freight was weaker yesterday as additional demand is required to support values. Demand for U.S. corn looks like it will be strong during the JFM period as U.S. offers are competitive with the rest of the world. Chinese President Xi Jinping today rejected foreign pressure to open its markets to allow more competition. The lack of reforms could be a stumbling block to resolving the trade issues with the U.S. The Fed begins its final meeting of the year today and is expected to announce a quarter of a percent hike in short term interest rates when the meeting concludes tomorrow. A partial government shutdown, which would include the USDA, will occur on Friday if the White House and lawmakers do not reach a spending agreement. A sideways type trade looks until more is known about additional Chinese purchases. Have a good Tuesday.

7-day precip forecast (Dec 18-Dec 25)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1545138266
Have a good & safe day!

We know what works. Freedom Works. We know what's right. Freedom is right.
George H. W. Bush

E-mail Delivery Sheets:  If you would like to receive your grain delivery sheets by e-mail, please let us know.  We can do that.

  ACH Payments are now available. 
Call for details or to sign up.


 

 

 


Local Cash Bids
 
  Dec Jan 19 Feb Mar Fall 19 Jan 20
STANFORD CORN Cash Price
Basis
Futures Month @C9H @C9H @C9H @C9H @C9Z @C0H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S9F @S9F @S9H @S9H @S9X @S0F
  Chart Chart Chart Chart Chart Chart
Price as of 12/18/18 08:40AM CST.
Month Symbols
Click to view more Cash Bids

Online Offer Center
Stanford Grain Company Online Offer Center
Powered by DTN Portal®
Transact Online
  • Offers & Contracts
  • Easy to Use
  • Complete Records
Access Your Account




Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 19 383'6 384'4 383'2 384'0 0'0 384'0 08:28A Chart for @C9H Options for @C9H
May 19 391'4 392'2 391'0 391'6 0'0 391'6 08:11A Chart for @C9K Options for @C9K
Jul 19 398'2 398'6 397'6 398'2 0'0 398'2 08:24A Chart for @C9N Options for @C9N
Sep 19 399'4 400'0 399'2 399'6 0'0 399'6 08:11A Chart for @C9U Options for @C9U
Dec 19 403'0 404'0 402'6 403'2 -0'2 403'4 08:24A Chart for @C9Z Options for @C9Z
Mar 20 412'0 412'4 411'6 412'4 0'2 412'2 08:19A Chart for @C0H Options for @C0H
May 20 417'0 417'6 417'0 417'6 0'2 417'4 07:45A Chart for @C0K Options for @C0K
Jul 20 421'4 422'0 421'4 422'0 0'0 422'0 07:45A Chart for @C0N Options for @C0N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 19 902'6 909'4 902'6 908'0 3'2 904'6 08:27A Chart for @S9F Options for @S9F
Mar 19 916'0 922'4 915'6 921'2 3'2 918'0 08:26A Chart for @S9H Options for @S9H
May 19 929'2 935'6 929'2 934'6 3'2 931'4 08:22A Chart for @S9K Options for @S9K
Jul 19 940'6 947'2 940'6 946'4 3'4 943'0 08:19A Chart for @S9N Options for @S9N
Aug 19 947'6 951'2 947'4 951'2 4'2 947'0 07:45A Chart for @S9Q Options for @S9Q
Sep 19 951'4 952'2 951'4 952'0 3'6 948'2 08:21A Chart for @S9U Options for @S9U
Nov 19 952'0 957'4 951'6 956'0 2'4 953'4 08:28A Chart for @S9X Options for @S9X
Jan 20 962'0 966'0 962'0 965'0 3'0 962'0 08:19A Chart for @S0F Options for @S0F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 19 534'0 535'6 531'6 532'2 -3'0 535'2 08:28A Chart for @W9H Options for @W9H
May 19 540'2 542'2 538'6 539'2 -2'4 541'6 08:23A Chart for @W9K Options for @W9K
Jul 19 544'6 548'0 544'6 545'6 -2'0 547'6 08:25A Chart for @W9N Options for @W9N
Sep 19 552'2 554'4 551'6 552'2 -2'2 554'4 08:15A Chart for @W9U Options for @W9U
Dec 19 563'6 566'2 563'2 563'6 -2'2 566'0 07:45A Chart for @W9Z Options for @W9Z
Mar 20 569'6 574'6 569'6 574'6 5'4 574'0s 07:45A Chart for @W0H Options for @W0H
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 19 96.605 96.645 96.155 96.420 -0.130 96.550 08:29A Chart for @DX9H Options for @DX9H
Jun 19 96.085 96.145 95.830 95.830 -0.200 96.030 08:29A Chart for @DX9M Options for @DX9M
Sep 19 95.240 95.240 95.240 95.240 -0.285 95.525 08:29A Chart for @DX9U Options for @DX9U
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Feb 19 59.00 59.24 57.20 58.71 -0.90 59.61 08:29A Chart for EB9G Options for EB9G
Mar 19 58.90 59.27 57.18 58.67 -0.99 59.66 08:29A Chart for EB9H Options for EB9H
Apr 19 59.14 59.41 57.33 58.81 -0.99 59.80 08:29A Chart for EB9J Options for EB9J
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

DTN Grain News
DTN Early Word Grains 12/18 05:46
DTN Midday Grain Comments 12/17 11:37
DTN Closing Grain Comments 12/17 13:57
DTN National HRS Index 12/17
Portland Grain Review 12/13
DTN Weather Trend Indicators 12/17 10:37
FARM MARKET NEWS - CORN REPORT FOR Mon, December 17
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 17
USDA Daily Market Rates 12/18 06:47

DTN Ag Headline News
USDA Cites JBS With P&S Violation
Todd's Take
USDA Cites JBS With P&S Violation
Farm Bill Heads to President's Desk
USDA-OMB Argue Over Trade Aid
DTN Fertilizer Outlook
House Holds RFS Hearing
Global Fertilizer Outlook - 3
Dicamba Rules Vary by State

Headline News
Little Progress Ahead of Govt Shutdown 12/18 06:17
Flynn Heads to Sentencing Hearing 12/18 06:24
Trump Plans to Create Space Command 12/18 06:13
Criminal Justic Bill Passes First Vote 12/18 06:20
Russia Still Roiling US Politics 12/18 06:23
Unemployment,Income Affect Life Length 12/18 06:16
UK to Ramp Up 'No-Deal' Brexit Prep 12/18 06:19
World Stocks Slip on Tuesday 12/18 05:57


Photos

 


Local Radar
Stanford, IL
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Forecast
Stanford, IL
Chg Zip:

Tuesday

Wednesday

Thursday

Friday

Saturday
High: 45°F
Low: 24°F
Precip: 0%
High: 49°F
Low: 30°F
Precip: 0%
High: 41°F
Low: 32°F
Precip: 80%
High: 34°F
Low: 27°F
Precip: 20%
High: 39°F
Low: 24°F
Precip: 0%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 28oF Feels Like: 21oF
Humid: 92% Dew Pt: 26oF
Barom: 30.31 Wind Dir: SSE
Cond: N/A Wind Spd: 7 mph
Sunrise: 7:13 Sunset: 4:30
As reported at BLOOMINGTON, IL at 8:00 AM
View complete Local Weather

DTN Videos
 01:26
12/17/2018 Soy & Wheat Higher Monday
 04:14
12/17/2018 Brazil Rain Watch Monday
 03:30
11/30/2018 Ag Banking Trends
 03:28
12/17/2018 Grains Mixed On Monday
 04:15
12/3/2018 Dr. Chenjun Pan - Global protein demand

Links

Google Search

Google

KNOW BEFORE YOU GROW

NCGA Corn Hybrid Site

Know before you grow


 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN