Stanford Grain Company
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                             207 West Main Street - Stanford IL 61774 
              
Monday, March 25, 2019
 
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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

Monday Morning Comments (3/25/19)

The commodities are mixed this morning, with corn and beans trading slightly higher while wheat futures are lower.  Traders continue to await updates regarding U.S./China trade negotiations.  Per a Reuters article over the weekend, China is not conceding to U.S. demands to ease curbs on tech companies.  The next round of talks is set to begin this Thursday (in China) with both Trade Chief Lighthizer and Treasury Secretary Mnuchin representing the U.S. The Chinese team is then scheduled to return to the U.S. for talks next week.  Late last week, corn futures found support from news China’s COFCO bought 300,000 tonnes of U.S. corn.  However, at this point in time, follow-up purchases seem unlikely as China has cheaper corn offers from other countries.  Along with trade, the weather also remains in the forefront as wet conditions increase concerns regarding spring planting.  Even though its early, discussion is circulating regarding the situation in the WCB and N. Plains.  It was reported that 57 counties in IA have been designated eligible for disaster relief, and they were not impacted nearly as much as NE, the Dakotas & MN.  Early this week, weather conditions are forecast to be mostly dry for the Plains and Midwest, while the mid-South and most of the east coast is expected to be wet.  Rains however are expected to move back into the central U.S. late this week.  Expectations for a wet spring are influencing acreage estimates as analysts start to step back their corn plantings forecasts.  Bloomberg released estimates for Friday's Prospective Plantings report, in which the corn area was estimated near 91.3 mln. acres while beans were seen near 86.2 mln.  The March 29th acreage estimates will come out alongside quarterly Grain Stocks this Friday at 11am CST. The trade expects to see corn inventories come down from a year ago, from 8.9 to 8.3 bln. bu. and for soybean stocks to increase from 2.1 to 2.7 bln. bu. Late last week, NASS issued final county yield estimates.  Illinois led the nation in soybean production in 2018 with the 14 highest yielding counties, including Sangamon county at the top spot with a yield average of 82.3 bpa.  McLean county scored first in terms of total bean output for the season. The top yielding county in the state for corn was Douglas County at 246 bpa.
 

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Have a good & safe day! 

One of the reasons people hate politics is that truth is rarely a politician's objective. Election and power are.
Cal Thomas

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STANFORD CORN Cash Price
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Futures Month @C9K @C9K @C9K @C9N @C9N @C9Z @C0H
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BEANS Cash Price
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Futures Month @S9K @S9K @S9K @S9N @S9N @S9X @S0F
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 19 378'6 380'2 376'6 379'2 1'0 378'2 10:42A Chart for @C9K Options for @C9K
Jul 19 388'0 389'2 386'0 388'4 1'0 387'4 10:42A Chart for @C9N Options for @C9N
Sep 19 393'4 395'2 392'2 394'4 1'2 393'2 10:42A Chart for @C9U Options for @C9U
Dec 19 400'2 401'6 399'0 401'0 1'0 400'0 10:42A Chart for @C9Z Options for @C9Z
Mar 20 410'2 411'6 409'2 411'0 0'6 410'2 10:42A Chart for @C0H Options for @C0H
May 20 415'0 416'2 414'0 416'2 1'2 415'0 10:42A Chart for @C0K Options for @C0K
Jul 20 418'0 419'2 417'0 418'6 1'0 417'6 10:42A Chart for @C0N Options for @C0N
Sep 20 409'4 410'0 408'0 410'0 1'2 408'6 10:42A Chart for @C0U Options for @C0U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 19 904'4 907'6 901'4 905'4 1'6 903'6 10:42A Chart for @S9K Options for @S9K
Jul 19 918'0 921'0 914'6 918'6 1'4 917'2 10:42A Chart for @S9N Options for @S9N
Aug 19 924'0 927'0 921'0 926'0 2'6 923'2 10:42A Chart for @S9Q Options for @S9Q
Sep 19 928'6 931'2 926'2 930'4 2'0 928'4 10:42A Chart for @S9U Options for @S9U
Nov 19 938'0 941'0 935'0 939'4 2'0 937'4 10:42A Chart for @S9X Options for @S9X
Jan 20 945'0 949'0 943'0 946'2 1'2 945'0 10:42A Chart for @S0F Options for @S0F
Mar 20 949'6 953'2 947'6 951'4 1'6 949'6 10:42A Chart for @S0H Options for @S0H
May 20 955'2 958'2 953'4 956'4 1'6 954'6 10:42A Chart for @S0K Options for @S0K
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 19 466'4 471'2 463'0 468'6 2'6 466'0 10:42A Chart for @W9K Options for @W9K
Jul 19 470'0 476'2 468'4 474'0 3'2 470'6 10:42A Chart for @W9N Options for @W9N
Sep 19 480'4 484'6 477'4 483'0 3'4 479'4 10:42A Chart for @W9U Options for @W9U
Dec 19 495'2 499'2 492'2 497'2 3'0 494'2 10:42A Chart for @W9Z Options for @W9Z
Mar 20 509'2 512'6 506'4 511'0 3'0 508'0 10:42A Chart for @W0H Options for @W0H
May 20 513'4 518'0 513'4 518'0 3'6 514'2 10:42A Chart for @W0K Options for @W0K
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 19 96.145 96.190 95.895 95.915 -0.236 96.151 10:41A Chart for @DX9M Options for @DX9M
Sep 19 95.650 95.650 95.475 95.520 -0.121 95.641 10:41A Chart for @DX9U Options for @DX9U
Dec 19 95.110 95.146 Chart for @DX9Z Options for @DX9Z
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
May 19 67.00 67.21 66.36 67.11 0.08 67.03 10:41A Chart for EB9K Options for EB9K
Jun 19 66.75 66.85 66.05 66.75 66.75 10:41A Chart for EB9M Options for EB9M
Jul 19 66.48 66.58 65.79 66.48 -0.01 66.49 10:41A Chart for EB9N Options for EB9N
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High: 48°F
Low: 31°F
Precip: 0%
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Local Conditions
Stanford, IL
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Temp: 37oF Feels Like: 27oF
Humid: 82% Dew Pt: 32oF
Barom: 30.21 Wind Dir: NNE
Cond: N/A Wind Spd: 20 mph
Sunrise: 6:50 Sunset: 7:12
As reported at BLOOMINGTON, IL at 10:00 AM
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