Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Sunday, May 28, 2017
 
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Stanford Grain Will Be Closed Monday, May 29th for Memorial Day
Memorial Day Trading Schedule:
Friday 5/26: Regular Trading Hours
Sunday Night 5/28: No Markets
Monday 5/29: No Markets
Monday Night 5/29: Market Begins Trading @ 7PM


CBOT Trading Hours:
7:00PM-7:45AM-Markets Open (Sun-Thurs)
7:45AM-8:30AM-Markets Closed
8:30AM-1:15PM-Markets Open
1:15PM-7:00PM-Markets Closed
Daily Limits: Corn 25 cents, Beans 70 cents, & Wheat 30 cents

Friday Afternoon Comments (5/26)
Corn was higher to finish the week with CN gaining 5 cents and CZ also a nickel firmer. Despite the rally, today’s trade was a low volume affair with the exception of commodity funds which were bigger than expected traders. As of midday, funds had purchased an estimated 9000 corn contracts. The rather large fund purchases in an otherwise light volume trade were a significant factor pushing prices higher. Estimates pegged the fund net short position at nearly 200,000 corn contracts as of yesterday’s close. There was more talk today that at least some corn acreage will eventually be switched to soybeans as wet soils persist in the eastern Midwest and scattered rainfall will continue to plague the region for at least another week. Tuesday’s crop conditions report is expected to show nationwide corn planting near 90% complete with 65% to 70% of the crop rated in good or excellent condition.

Soybeans were moderately lower today with SN fading 13 cents and SX a dime weaker. Like corn, trading volume was low as many traders started the holiday weekend early. Commodity funds added to their net short position by selling an estimated 5100 soybean contracts as of midday. Also pressuring today’s market were rumors that China may cancel some of their outstanding U.S. old crop purchases as Chinese crush margins have declined to nine month lows on rising domestic soymeal stocks. The persistent wet weather in the eastern Midwest is increasing odds that some corn acreage will be switched to soybeans when farmers are able to return to fields which looks like will not be before early June. Traders expect Tuesday’s crop conditions report to show about 65% of the soybean crop planted. Another week of little planting progress looks to be in the offing next week given current weather forecasts which offer several rain chances for most of the Midwest from now through the beginning days of June.

7 Day Rain Forecast May 26-June 2
http://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1495801362

Comments from Mid-Co Commodities

Average Pricing Update after Wed. May 24th (16 weeks):
Fall Corn: $3.59
Fall Beans: $ 9.52

Have a good & safe holiday weekend!

As America celebrates Memorial Day, we pay tribute to those who have given their lives in our nation's wars.
John M. McHugh

US Casualties from Wars
War                                        Deaths
Revolutionary War          25,000
                                                Civil War                            650,000 (2% of the US population)
     WWI                                      116,516
     WWII                                     405,500
Korean War                        36,516
Viet Nam                             58,200
Gulf War                                   300
Afghanistan War                 2,350
Iraq War                                5,000


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.

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Local Cash Bids
 
  May June July Fall 17 Jan 18
STANFORD CORN Cash Price
Basis
Futures Month @C7N @C7N @C7N @C7Z @C8H
  Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S7N @S7N @S7N @S7X @S8F
  Chart Chart Chart Chart Chart
WHEAT Cash Price        
Basis        
Futures Month     @W7N    
  Chart
Price as of 05/28/17 01:32PM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 17 369'2 374'6 368'6 373'6 5'0 374'2s 05/26 Chart for @C7N Options for @C7N
Sep 17 377'0 382'4 376'2 381'2 4'6 381'6s 05/26 Chart for @C7U Options for @C7U
Dec 17 387'4 393'0 386'6 392'0 5'0 392'4s 05/26 Chart for @C7Z Options for @C7Z
Mar 18 397'4 402'6 396'6 402'2 4'6 402'2s 05/26 Chart for @C8H Options for @C8H
May 18 403'4 408'6 403'2 408'2 5'0 408'4s 05/26 Chart for @C8K Options for @C8K
Jul 18 408'2 413'2 407'4 412'6 5'0 413'2s 05/26 Chart for @C8N Options for @C8N
Sep 18 402'6 404'4 402'6 404'4 5'0 405'2s 05/26 Chart for @C8U Options for @C8U
Dec 18 404'0 408'0 403'2 406'6 3'6 407'6s 05/26 Chart for @C8Z Options for @C8Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 17 939'4 941'0 925'2 926'0 -13'0 926'4s 05/26 Chart for @S7N Options for @S7N
Aug 17 941'4 942'6 928'2 929'0 -12'0 929'4s 05/26 Chart for @S7Q Options for @S7Q
Sep 17 939'0 940'0 926'6 927'6 -11'0 927'6s 05/26 Chart for @S7U Options for @S7U
Nov 17 939'2 940'6 928'0 929'2 -10'0 929'2s 05/26 Chart for @S7X Options for @S7X
Jan 18 946'6 947'6 935'6 936'6 -10'0 936'6s 05/26 Chart for @S8F Options for @S8F
Mar 18 951'0 951'2 941'2 941'4 -8'4 942'4s 05/26 Chart for @S8H Options for @S8H
May 18 955'0 957'0 947'4 948'4 -7'4 948'4s 05/26 Chart for @S8K Options for @S8K
Jul 18 960'4 962'4 954'4 955'2 -7'0 955'2s 05/26 Chart for @S8N Options for @S8N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 17 430'2 439'0 429'2 438'6 7'4 438'2s 05/26 Chart for @W7N Options for @W7N
Sep 17 443'6 452'2 442'4 452'2 7'0 451'2s 05/26 Chart for @W7U Options for @W7U
Dec 17 465'4 474'0 464'4 473'4 7'0 473'4s 05/26 Chart for @W7Z Options for @W7Z
Mar 18 485'4 491'6 483'0 491'2 6'2 491'2s 05/26 Chart for @W8H Options for @W8H
May 18 496'6 503'0 496'2 503'0 5'2 502'6s 05/26 Chart for @W8K Options for @W8K
Jul 18 504'2 510'4 504'2 509'6 4'6 510'6s 05/26 Chart for @W8N Options for @W8N
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Jun 17 97.150 97.465 96.965 97.305 0.188 97.364s 05/26 Chart for @DX7M Options for @DX7M
Sep 17 96.990 97.280 96.795 97.180 0.183 97.164s 05/26 Chart for @DX7U Options for @DX7U
Dec 17 96.850 97.000 96.850 96.960 0.183 96.964s 05/26 Chart for @DX7Z Options for @DX7Z
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Jul 17 51.38 52.30 50.71 52.23 0.69 52.15s 05/26 Chart for EB7N Options for EB7N
Aug 17 51.79 52.65 51.05 52.58 0.74 52.51s 05/26 Chart for EB7Q Options for EB7Q
Sep 17 51.94 52.89 51.31 52.83 0.75 52.75s 05/26 Chart for EB7U Options for EB7U
My Custom Markets
Symbol Open High Low Last Change Close Time More

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DTN Grain News
DTN Early Word Grains 05/26 06:03
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Grainbelt Weather Roundup
FARM MARKET NEWS - CORN REPORT FOR Fri, May 26
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 26
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Headline News
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Stocks Rise for 7th Day 05/26 16:29


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Local Radar
Stanford, IL
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Local Forecast
Stanford, IL
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High: 76°F
Low: 60°F
Precip: 20%
High: 77°F
Low: 56°F
Precip: 61%
High: 71°F
Low: 52°F
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 75oF Feels Like: 78oF
Humid: 62% Dew Pt: 61oF
Barom: 29.84 Wind Dir: WNW
Cond: N/A Wind Spd: 13 mph
Sunrise: 5:29 Sunset: 8:16
As reported at BLOOMINGTON, IL at 1:00 PM
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5/26/2017 Grains Variable Friday
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