Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Monday, September 25, 2017
 
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Harvest Hours:
Monday-Saturday: 7A-7P
Sunday: Noon-5P
(Weather Permitting)


The 2017 Fall Policy is Available. 
(To view it, click on 2017 Fall Policy in the left hand column.)

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 70 cents, & Wheat 30 cents

Monday Morning Comments (9/25)
Corn futures traded weaker the majority of the day but closed a touch higher. December futures have been trading between $3.62 & $3.44 ¼ since Aug. 31st. At this point, it looks like it will take a rally above resistance at $3.62 or a selloff below support at $3.44 ¼ to signal the start of a new trend move. The fact U.S. corn harvest is slowly picking up and introducing new supplies into an already oversupplied market hangs over futures. Traders look for an increase in corn harvest progress this week due to the unseasonably warm temperatures seen over the past 7 days. In this afternoon’s USDA’s weekly crop progress & condition reports, the trade expects to see U.S. corn harvest near 14% complete. Conditions look to remain favorable for harvest activity across much of the Midwest the next two weeks with limited rainfall and average to near average temperatures expected for most of the Midwest.

Soybean futures traded lower today. As of midday, funds were estimated to have sold approximately 6,000 contracts of beans. An uptick in harvest activity across parts of the Midwest combined with a more favorable South American weather outlook weighed on prices. Thunderstorms are expected to improve moisture levels in parts of Brazil which should help soybean planting progress there. In the U.S., spotty rains are forecast for the Midwest early to mid-week, with dry weather then expected to dominate the region the balance of the week and next weekend. This should be conducive for harvest activity. This afternoon will bring the USDA’s updated crop progress & condition reports. The trade will be looking to the harvest progress number for direction, which is expected to come in near 11% complete. A lack of new bean sales is also hanging over the market. Although, China is off on holiday. Weekly U.S. soybean export inspections were solid this morning at 37.8 mln. bu. For the respective crop year to date, bean inspections are up 28 mln. bu. or 33% from this time last year.

7-day precip forecast (Sept 25-Oct 2)
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1506341652

Comments from Mid-Co Commodities

It's not necessary to fear the prospect of failure but to be determined not to fail.
Jimmy Carter

Have a good & safe night!

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Local Cash Bids
 
  Sept Fall 17 Dec Jan 18 Fall 18 Jan 19
STANFORD CORN Cash Price
Basis
Futures Month @C7Z @C7Z @C7Z @C8H @C8Z @C9H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S7X @S7X @S8F @S8F @S8X @S9F
  Chart Chart Chart Chart Chart Chart
Price as of 09/25/17 03:23PM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 17 352'6 355'0 351'2 353'4 0'2 353'6s 02:58P Chart for @C7Z Options for @C7Z
Mar 18 365'4 367'4 364'0 366'2 0'4 366'4s 02:47P Chart for @C8H Options for @C8H
May 18 373'6 375'4 372'2 374'4 0'2 374'6s 01:30P Chart for @C8K Options for @C8K
Jul 18 380'6 382'4 379'2 381'6 0'2 381'6s 01:30P Chart for @C8N Options for @C8N
Sep 18 387'2 389'0 385'6 388'4 0'2 388'2s 02:36P Chart for @C8U Options for @C8U
Dec 18 396'0 397'4 394'4 397'0 0'4 397'0s 02:43P Chart for @C8Z Options for @C8Z
Mar 19 405'4 408'0 405'4 407'2 0'4 407'2s 01:30P Chart for @C9H Options for @C9H
May 19 412'0 0'6 412'4s 01:30P Chart for @C9K Options for @C9K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 17 983'4 985'6 971'0 971'2 -13'0 971'2s 03:08P Chart for @S7X Options for @S7X
Jan 18 993'6 995'6 981'2 982'0 -12'6 981'6s 03:12P Chart for @S8F Options for @S8F
Mar 18 1002'4 1005'0 990'6 991'2 -12'6 990'6s 01:30P Chart for @S8H Options for @S8H
May 18 1010'4 1013'0 999'0 999'6 -12'2 999'2s 02:36P Chart for @S8K Options for @S8K
Jul 18 1016'4 1019'0 1005'2 1006'0 -11'6 1006'0s 01:30P Chart for @S8N Options for @S8N
Aug 18 1009'0 1009'0 1008'0 1008'0 -11'2 1006'2s 01:30P Chart for @S8Q Options for @S8Q
Sep 18 1001'2 1001'4 999'2 999'2 -10'2 997'0s 01:20P Chart for @S8U Options for @S8U
Nov 18 993'4 998'4 988'4 989'0 -9'6 988'6s 01:30P Chart for @S8X Options for @S8X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 17 448'0 454'6 444'0 454'0 4'4 454'0s 02:52P Chart for @W7Z Options for @W7Z
Mar 18 467'6 474'4 464'0 474'0 4'2 473'6s 01:30P Chart for @W8H Options for @W8H
May 18 481'6 487'2 477'4 486'4 4'0 487'0s 02:31P Chart for @W8K Options for @W8K
Jul 18 493'2 498'4 489'2 497'2 3'2 497'4s 01:30P Chart for @W8N Options for @W8N
Sep 18 507'0 512'6 504'6 511'4 2'4 511'6s 02:30P Chart for @W8U Options for @W8U
Dec 18 523'0 530'6 523'0 530'0 2'0 530'0s 02:37P Chart for @W8Z Options for @W8Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 17 92.120 92.525 92.000 92.465 0.498 92.441 03:12P Chart for @DX7Z Options for @DX7Z
Mar 18 91.890 92.230 91.790 92.205 0.469 92.176 03:12P Chart for @DX8H Options for @DX8H
Jun 18 91.565 92.005 91.565 92.005 0.469 91.946 03:12P Chart for @DX8M Options for @DX8M
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Nov 17 56.87 59.20 56.70 59.08 2.22 59.02 03:12P Chart for EB7X Options for EB7X
Dec 17 56.46 58.60 56.23 58.49 2.07 58.43 03:12P Chart for EB7Z Options for EB7Z
Jan 18 56.10 58.19 55.89 58.09 1.99 58.03 03:12P Chart for EB8F Options for EB8F
My Custom Markets
Symbol Open High Low Last Change Close Time More

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Local Radar
Stanford, IL
Chg Zip Code: 
 
Radar
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Local Forecast
Stanford, IL
Chg Zip:

Monday

Tuesday

Wednesday

Thursday

Friday
High: 90°F
Low: 64°F
Precip: 0%
High: 88°F
Low: 66°F
Precip: 20%
High: 72°F
Low: 56°F
Precip: 20%
High: 74°F
Low: 49°F
Precip: 0%
High: 73°F
Low: 51°F
Precip: 0%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 89oF Feels Like: 90oF
Humid: 38% Dew Pt: 60oF
Barom: 29.97 Wind Dir: SE
Cond: N/A Wind Spd: 10 mph
Sunrise: 6:46 Sunset: 6:47
As reported at BLOOMINGTON, IL at 3:00 PM
View complete Local Weather

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 07:43
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