Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Friday, October 31, 2014
 
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2014 Fall Policy
  
 
 
Harvest Hours:
Monday-Saturday: 7am-7pm
Sunday: Noon-5pm (corn & beans)
(weather permitting)

2014 Fall Policy is Available
Click on 2014 Fall Policy-Bottom Left


Thursday Afternoon Comments (10/30)
December corn traded above its 100 day moving average of $3.72 ¼ and tested its August high of 3.81 before turning choppy and ultimately ending the day slightly lower. Corn futures continue to grapple with talk that the crop could be even larger than originally thought and the fact the producer remains a reluctant seller. Weekly export sales were poor this morning at 19.3 mln. bu. This was the lowest sales figure of the marketing year to date. Total 14/15 corn commitments are down 8% from last year. Current interest for U.S. corn remains light due to unfavorable world price relationships. Traders also wonder if corn sales will remain slow until the U.S. bean export program slows down. There is hope however if the corn crop is smaller in South America and the Black Sea region that U.S. exports could increase throughout the marketing year. The forecast looks favorable for harvest progress to continue as the Midwest weather maps look mostly clear. Temperatures are expected to turn much colder this weekend especially in the east. Longer range forecasts do hint at rainfall the middle of November, some of which could be heavy.

Watching soybean futures trade today likely made producers feel like they were riding splash mountain at Disney World. You start out heading higher, plateau, and then quickly dive lower hoping all along you can avoid the big splash at the end. November futures had a 30 ¼ cent trading range today. In the overnight the November contract made a two month high before turning weaker and ending the day down 18 ¾ cents. Today’s decline was mostly attributed to profit taking. As of midday funds were estimated to have been net sellers of approximately 2,000 contracts. Weekly soybean export sales came out this morning at 48.7 mln. bu. Total bean commitments currently total 1.253 bln. bu., which is an increase of 6% from last year. The USDA also announced an additional sale of 132 MT’s of U.S. beans to China. The story of tight spot soybean meal due largely in part to a shortage of rail cars and logistical struggles continues to circulate, although there is talk that some end users are finally getting coverage. Farmer selling of soybeans has improved in the U.S. and Brazil as prices rallied earlier in the week. Argentina’s producers however continue to be tight holders. The South American weather forecast looks mostly non-threatening. Timely rainfall is projected to fall across the northern and central areas of Brazil over the next two weeks.
 Comments from Mid-Co Commodities
Have a good & safe night.

ACH Payments are now available. 
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Duracade Notice:
If you have corn with the Duracade trait and plan to haul it to Stanford Grain, please let us know. 
We will need to make arrangements to handle it. 
Thank You for your cooperation.   

2015 Crop
As you make plans for your 2015 crop, Stanford Grain will not accept grain with the Viptera and Duracade traits.
Thank You for your cooperation.
 

 

 


Local Cash Bids
 
  Fall Dec Jan 15 Fall 15 Jan 16
STANFORD CORN Cash Price
Basis
Futures Month @C4Z @C4Z @C5H @C5Z @C6H
  Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S4X @S5F @S5F @S5X @S6F
  Chart Chart Chart Chart Chart
Price as of 10/31/14 04:43AM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 372'6 375'0 372'2 373'6 -0'2 374'0 04:32A Chart for @C4Z Options for @C4Z
Mar 15 385'4 388'0 385'2 387'0 0'0 387'0 04:32A Chart for @C5H Options for @C5H
May 15 394'0 396'4 394'0 396'0 0'2 395'6 04:32A Chart for @C5K Options for @C5K
Jul 15 400'4 403'0 400'4 401'6 -0'6 402'4 04:32A Chart for @C5N Options for @C5N
Sep 15 407'0 408'4 407'0 407'6 -0'6 408'4 04:32A Chart for @C5U Options for @C5U
Dec 15 414'6 416'4 414'4 415'6 -0'6 416'4 04:32A Chart for @C5Z Options for @C5Z
Mar 16 425'0 425'0 422'6 423'0 -1'6 424'6 04:32A Chart for @C6H Options for @C6H
May 16 431'4 431'4 429'6 430'6 -0'2 431'0 04:32A Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 14 1023'0 1041'0 1023'0 1032'2 8'0 1024'2 04:32A Chart for @S4X Options for @S4X
Jan 15 1028'2 1046'2 1028'2 1037'0 7'2 1029'6 04:32A Chart for @S5F Options for @S5F
Mar 15 1034'2 1052'6 1034'2 1043'2 7'2 1036'0 04:32A Chart for @S5H Options for @S5H
May 15 1040'6 1058'6 1040'6 1048'4 6'0 1042'4 04:32A Chart for @S5K Options for @S5K
Jul 15 1047'2 1064'0 1047'0 1055'4 7'2 1048'2 04:32A Chart for @S5N Options for @S5N
Aug 15 1050'2 1064'2 1050'2 1057'6 8'6 1049'0 04:32A Chart for @S5Q Options for @S5Q
Sep 15 1032'6 1040'6 1032'6 1040'6 12'4 1028'2 04:32A Chart for @S5U Options for @S5U
Nov 15 1010'6 1024'4 1010'6 1015'2 3'2 1012'0 04:32A Chart for @S5X Options for @S5X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 536'0 539'0 530'4 534'2 -1'6 536'0 04:32A Chart for @W4Z Options for @W4Z
Mar 15 549'0 552'0 543'6 547'0 -2'0 549'0 04:32A Chart for @W5H Options for @W5H
May 15 558'0 559'0 552'2 554'4 -2'4 557'0 04:32A Chart for @W5K Options for @W5K
Jul 15 564'0 567'0 559'2 561'6 -3'0 564'6 04:32A Chart for @W5N Options for @W5N
Sep 15 576'0 577'0 570'0 570'4 -4'6 575'2 04:32A Chart for @W5U Options for @W5U
Dec 15 590'0 590'0 583'0 583'4 -4'0 587'4 04:32A Chart for @W5Z Options for @W5Z
+DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Dec 14 17111.00 17354.00 17106.00 17265.00 151.00 17114.00 04:32A Chart for +DJ4Z Options for +DJ4Z
Mar 15 16536.00 17042.00 Chart for +DJ5H Options for +DJ5H
Jun 15 16956.00 Chart for +DJ5M Options for +DJ5M
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 14 86.250 86.830 86.230 86.740 0.508 86.232 04:32A Chart for @DX4Z Options for @DX4Z
Mar 15 86.470 86.990 86.420 86.960 0.558 86.402 04:32A Chart for @DX5H Options for @DX5H
Jun 15 86.620 87.160 86.620 87.160 0.573 86.587 04:32A Chart for @DX5M Options for @DX5M
EB - BRENT CRUDE - ICEFE
Month Open High Low Last Change Close Time More
Dec 14 86.02 86.25 85.11 85.36 -0.88 86.24 04:32A Chart for EB4Z Options for EB4Z
Jan 15 86.44 86.70 85.58 85.82 -0.88 86.70 04:32A Chart for EB5F Options for EB5F
Feb 15 87.01 87.22 86.14 86.34 -0.88 87.22 04:32A Chart for EB5G Options for EB5G
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: 46°F
Low: 32°F
Precip: 20%
High: 46°F
Low: 28°F
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High: 59°F
Low: 41°F
Precip: 30%
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Precip: 60%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 46oF Feels Like: 40oF
Humid: 83% Dew Pt: 41oF
Barom: 30.09 Wind Dir: NW
Cond: N/A Wind Spd: 13 mph
Sunrise: 7:24 Sunset: 5:53
As reported at BLOOMINGTON, IL at 4:00 AM
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