Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Monday, August 20, 2018
 
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Stanford Grain Business Hours: 
Monday-Friday 7:30-4:00
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 75 cents, & Wheat 35 cents

2018 Fall Policy is Available
(click on link in the left margin)

Monday Morning Comments (8/20/18)
Good Morning.  Grain prices are mixed this morning with beans higher on perceived positive China news and wheat is lower on profit-taking.  Corn is stuck between the two.  It was announced late on Friday that meetings are being scheduled between China and the U.S. to work towards a solution on trade.  Low level officials from both countries are expected to begin meeting this week.  That ignited some buying for bean futures towards the end of the session on Friday and then again overnight.  The first 5 minutes of the bean trade last night had a 13 cent range.  Beans continue to hang in there this morning as it remains hopefully that talks will lead to a solution.  The large net long position in the wheat market is causing some profit taking to start the week.  Not much change to world wheat news over the weekend.  The ProFarmer crop tour starts today.  The east and west legs will meet in Minnesota on Thursday night.  They will have an official crop estimate out on Friday.  Allendale will also be conducting their tour this week as well as a few more local tours.  Mexico believes there will be some progress in NAFTA this week as well.  Crop conditions for corn and beans are expected to be 1 to 2% lower this afternoon due to normal crop deterioration.  Rain is moving through the cornbelt today with moderate temps expected this week.  It does look to warm up again this coming weekend with a drier bias again for most of the cornbelt.  That should push maturity along once again.  Export inspections are out this morning.  The USDA is expected to have guidelines about the $12 Bln. producer relief program out by Aug. 24th.  Social media looks to influence a lot of the trade this week, between the crop tour tweets and the likely comments about trade from one high ranking official. 



Aug 10th USDA Report

  USDA - August Avg. Est. USDA - July
Corn Production 14.586 14.417 14.230
Corn Yield 178.4 176.3 174.0
       
Bean Production 4.585 4.428 4.310
Bean Yield 51.6 49.8 48.5
       
  USDA – 18/19 August Avg. Est. USDA – 18/19
July
Corn Ending Stocks 1.684 1.630 1.552
Bean Ending Stocks 0.785 0.641 0.580
Wheat Ending Stocks 0.935 0.959 0.985

Comments from Mid-Co Commodities

Average Price Program Results:
Fall Corn=$3.71
Fall Beans=$9.85

7-day precip forecast (Aug 20-Aug 27)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1534766873
Have a good & safe day!

When one must, one can.
Charlotte Whitton

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Local Cash Bids
 
  Aug Fall 18 Dec Jan 19 Mar Fall 19
STANFORD CORN Cash Price
Basis
Futures Month @C8U @C8Z @C8Z @C9H @C9H @C9Z
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BEANS Cash Price
Basis
Futures Month @S8X @S8X @S9F @S9F @S9H @S9X
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Price as of 08/20/18 01:46PM CDT.
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 18 365'2 366'0 359'4 363'0 -2'2 362'0s 01:30P Chart for @C8U Options for @C8U
Dec 18 379'4 380'4 373'6 377'4 -2'2 376'4s 01:30P Chart for @C8Z Options for @C8Z
Mar 19 391'2 392'2 385'6 389'4 -2'2 388'4s 01:30P Chart for @C9H Options for @C9H
May 19 398'0 399'0 392'6 396'4 -2'2 395'4s 01:30P Chart for @C9K Options for @C9K
Jul 19 403'2 404'6 399'0 402'4 -2'0 401'4s 01:30P Chart for @C9N Options for @C9N
Sep 19 402'6 402'6 398'2 400'0 -1'6 400'0s 01:20P Chart for @C9U Options for @C9U
Dec 19 404'0 405'4 401'2 403'6 -1'6 402'6s 01:30P Chart for @C9Z Options for @C9Z
Mar 20 414'6 414'6 412'2 413'6 -1'4 413'2s 01:30P Chart for @C0H Options for @C0H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 18 889'6 896'0 880'4 882'4 0'2 881'6s 01:30P Chart for @S8U Options for @S8U
Nov 18 900'2 907'0 891'6 893'6 0'4 893'2s 01:30P Chart for @S8X Options for @S8X
Jan 19 913'2 919'0 904'2 906'2 0'6 905'6s 01:30P Chart for @S9F Options for @S9F
Mar 19 922'6 928'4 914'6 916'6 1'0 916'4s 01:30P Chart for @S9H Options for @S9H
May 19 936'0 939'0 926'0 926'4 1'2 927'2s 01:30P Chart for @S9K Options for @S9K
Jul 19 941'6 947'6 934'0 935'6 1'0 935'6s 01:30P Chart for @S9N Options for @S9N
Aug 19 938'0 938'0 937'2 937'2 1'2 937'4s 01:20P Chart for @S9Q Options for @S9Q
Sep 19 935'4 935'4 935'4 935'4 0'6 932'0s 01:20P Chart for @S9U Options for @S9U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 18 562'0 562'6 540'6 542'2 -18'2 542'2s 01:30P Chart for @W8U Options for @W8U
Dec 18 581'6 582'4 560'0 562'6 -17'2 562'4s 01:30P Chart for @W8Z Options for @W8Z
Mar 19 604'0 604'0 582'4 585'6 -16'2 585'2s 01:30P Chart for @W9H Options for @W9H
May 19 612'6 613'4 593'0 596'2 -15'4 595'4s 01:30P Chart for @W9K Options for @W9K
Jul 19 598'0 599'6 583'0 586'2 -11'0 585'6s 01:30P Chart for @W9N Options for @W9N
Sep 19 605'2 605'2 589'2 592'6 -10'4 592'4s 01:20P Chart for @W9U Options for @W9U
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Sep 18 96.050 96.300 95.815 95.815 -0.166 95.981 01:35P Chart for @DX8U Options for @DX8U
Dec 18 95.635 95.890 95.390 95.390 -0.186 95.576 01:35P Chart for @DX8Z Options for @DX8Z
Mar 19 95.305 95.335 94.935 94.935 -0.181 95.116 01:35P Chart for @DX9H Options for @DX9H
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Oct 18 71.77 72.75 71.42 72.14 0.31 71.83 01:36P Chart for EB8V Options for EB8V
Nov 18 72.06 72.96 71.66 72.47 0.40 72.07 01:36P Chart for EB8X Options for EB8X
Dec 18 72.08 72.98 71.71 72.52 0.37 72.15 01:36P Chart for EB8Z Options for EB8Z
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: 82°F
Low: 69°F
Precip: 76%
High: 80°F
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Precip: 80%
High: 77°F
Low: 58°F
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 79oF Feels Like: 82oF
Humid: 82% Dew Pt: 73oF
Barom: 29.84 Wind Dir: SE
Cond: N/A Wind Spd: 14 mph
Sunrise: 6:11 Sunset: 7:46
As reported at BLOOMINGTON, IL at 1:00 PM
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