Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774 
              
Monday, October 15, 2018
 
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Stanford Grain Company Harvest Hours:
Monday-Saturday: 7AM-7PM
Sunday: Noon-5PM
(weather permitting)



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 (10/12/18)
Good Morning.  Grain prices are mixed with corn and beans slightly lower.  The overnight session has been a dull affair so far as the trade awaits new news.  There was little to no follow through early last night to the positive finish to last week.  The funds were buyers of all three commodities late last week, with the corn funds now near net even.  Harvest got moving again over the weekend in some spots, but there was a little rain moved through again last night.  The extended forecast still looks dry but cool.  This should allow beans to go again by the end of the week and to allow corn to keep on moving, especially to the west.  Corn and bean harvest progress, in this afternoon’s report, should show between 37 and 40% complete.  That will likely be behind average, but it may not stay that way for long if the dry weather holds.  The far west did get some snow with Boulder, Colorado reporting a foot.  Export inspections will be out this morning.  NOPA crush is also out later this morning.  Crush for Sept. is expected to be near 157.4 Mln. bu., which would be a record by far.  The old record was from 2007 at 140 Mln. bu.  Crush margins for beans continue to be very good.  Do you remember Brexit?  Well, it’s still going on.  The vote in June of 2016 by Britain to leave the European Union is still going through the talking phase of how to gracefully exit.  Britain is set to leave the EU in March of 2019.  There were talks over the weekend that did not make any new progress.  Expect to hear more about this over the next 6 months.  A more active harvest weekend likely keeps a lid on prices for now, with “less” than expected ending stocks from last week continuing to offer support.  Have a great day.

Oct 11th USDA Production & Stocks Report

  USDA – Oct. Avg. Est. USDA – Sept.
Corn Production 14.778 14.851 14.827
Corn Yield 180.7 181.8 181.3
       
Bean Production 4.690 4.733 4.693
Bean Yield 53.1 53.4 52.8
       
       
Corn Ending Stocks 1.813 1.932 1.774
Bean Ending Stocks 0.885 0.907 0.845
Wheat Ending Stocks 0.956 0.975 0.935

Comments from Mid-Co Commodities

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

7-day precip forecast (Oct 15-22)
https://www.wpc.ncep.noaa.gov/qpf/p168i.gif?1539561043
Have a good & safe day!

Sometimes all you need is just for somebody to believe in you in order to be able to accomplish maybe what you never thought you could.
Drew Brees

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Local Cash Bids
 
  Fall 18 Dec Jan 19 Mar Fall 19 Jan 20
STANFORD CORN Cash Price
Basis
Futures Month @C8Z @C8Z @C9H @C9H @C9Z @C0H
  Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S8X @S9F @S9F @S9H @S9X @S0F
  Chart Chart Chart Chart Chart Chart
Price as of 10/15/18 10:36AM CDT.
Month Symbols
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 18 373'0 377'6 371'6 377'6 4'0 373'6 10:26A Chart for @C8Z Options for @C8Z
Mar 19 385'0 389'6 383'4 389'4 3'6 385'6 10:26A Chart for @C9H Options for @C9H
May 19 391'6 396'2 391'0 396'2 3'4 392'6 10:26A Chart for @C9K Options for @C9K
Jul 19 397'0 401'0 395'6 401'0 3'2 397'6 10:26A Chart for @C9N Options for @C9N
Sep 19 399'2 402'0 398'2 402'0 2'2 399'6 10:26A Chart for @C9U Options for @C9U
Dec 19 404'0 406'4 403'0 406'2 1'6 404'4 10:26A Chart for @C9Z Options for @C9Z
Mar 20 413'0 415'0 412'6 415'0 1'4 413'4 10:26A Chart for @C0H Options for @C0H
May 20 418'6 420'0 418'6 420'0 1'0 419'0 10:25A Chart for @C0K Options for @C0K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 18 867'0 880'6 863'4 880'0 12'4 867'4 10:26A Chart for @S8X Options for @S8X
Jan 19 881'0 894'6 878'0 894'2 12'4 881'6 10:26A Chart for @S9F Options for @S9F
Mar 19 894'0 907'2 890'4 906'6 12'2 894'4 10:26A Chart for @S9H Options for @S9H
May 19 907'0 920'0 904'2 919'4 11'6 907'6 10:26A Chart for @S9K Options for @S9K
Jul 19 918'6 930'6 915'0 930'2 11'0 919'2 10:26A Chart for @S9N Options for @S9N
Aug 19 923'2 934'6 920'4 934'6 11'0 923'6 10:26A Chart for @S9Q Options for @S9Q
Sep 19 925'0 936'4 925'0 936'4 10'6 925'6 10:26A Chart for @S9U Options for @S9U
Nov 19 930'6 943'0 929'2 942'6 10'4 932'2 10:26A Chart for @S9X Options for @S9X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 18 518'4 520'4 514'6 518'0 0'6 517'2 10:26A Chart for @W8Z Options for @W8Z
Mar 19 538'6 540'2 535'2 537'6 0'2 537'4 10:26A Chart for @W9H Options for @W9H
May 19 548'6 551'4 547'4 549'2 0'0 549'2 10:26A Chart for @W9K Options for @W9K
Jul 19 556'4 557'0 553'0 554'6 -0'6 555'4 10:26A Chart for @W9N Options for @W9N
Sep 19 568'4 568'4 564'4 566'6 -0'2 567'0 10:26A Chart for @W9U Options for @W9U
Dec 19 584'4 584'4 580'4 582'2 -0'6 583'0 10:26A Chart for @W9Z Options for @W9Z
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Dec 18 95.005 95.060 94.635 94.730 -0.181 94.911 10:25A Chart for @DX8Z Options for @DX8Z
Mar 19 94.450 94.505 94.105 94.185 -0.191 94.376 10:25A Chart for @DX9H Options for @DX9H
Jun 19 93.960 93.866 Chart for @DX9M Options for @DX9M
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Dec 18 81.00 81.92 79.85 80.71 0.28 80.43 10:25A Chart for EB8Z Options for EB8Z
Jan 19 80.63 81.50 79.51 80.34 0.27 80.07 10:25A Chart for EB9F Options for EB9F
Feb 19 80.35 81.21 79.33 80.11 0.29 79.82 10:25A Chart for EB9G Options for EB9G
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: 49°F
Low: 35°F
Precip: 0%
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Precip: 42%
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Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 39oF Feels Like: 31oF
Humid: 76% Dew Pt: 32oF
Barom: 30.32 Wind Dir: NNW
Cond: N/A Wind Spd: 15 mph
Sunrise: 7:06 Sunset: 6:15
As reported at BLOOMINGTON, IL at 10:00 AM
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