Stanford Grain Company
               309-379-2141 Tel 866-379-2141 Toll-free
                             207 West Main Street - Stanford IL 61774               
Friday, February 22, 2019
 
Home
Stanford Grain Co.
Switchboard
Marketplace
My Website
Admin Login
2018 Fall Policy
Make an Offer
Corn and Soybean Profit and Loss Calculator
  
 
 

american flag animation

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

Friday Morning Comments (2/22/19)

The commodities are mixed this morning, with corn and beans trading firmer while wheat futures are lower.  On the upside, the 20-day moving average @ $3.85 is first resistance for May corn futures while the 20-day moving average @ $9.28 ½ is first resistance for May soybean futures.  Traders continue to await more details regarding the U.S./China trade negotiations as well as updates from the USDA Ag Forum for direction.  Recent talk surrounding the trade negotiations suggest that China has pledged to purchase "significant" quantities of U.S. agricultural products, but that "those proposals are all contingent upon a grand deal" that must include Chinese assurances on intellectual property issues.  There also continues to be much ado about the possibility that China will purchase U.S. corn, maybe as part of the overall trade agreement and maybe first as part of a goodwill gesture extended while negotiations continue. At this point, President Trump is thought likely to extend the March 1st deadline, originally set for when tariffs would increase and expand to additional goods, if an agreement hasn’t been put into place by that date. USDA Secretary Sonny Perdue commented Thursday that he felt it to be in agriculture's best interest for the U.S. to take down steel and aluminum tariffs that are in place against Canada and Mexico. The actual implementation of the new U.S.-Mexico-Canada trade agreement may be at risk of delay if those tariffs remain. Those steel and aluminum tariffs are also still creating trade tensions with Europe. On Thursday, 2019 acreage estimates were released by USDA at their Ag Forum.  They estimated 92 mln. acres of corn (89.129 in 2018), 85 mln. soybeans (89.196 in 2018), and 47 mln. wheat (47.800 in 2018). Total acreage for the top five crops, which include the three above plus cotton and rice, are estimated at a net 2.2 mln. acre drop vs last year.  Government economists also released 10-year "baseline" projections for U.S. ending stocks which showed a decline in corn, bean and wheat stocks.  Bean stocks are projected to fall to 845 mln. bu., corn to 1.650 bln. and wheat to 975 mln.  Yesterday’s weekly ethanol report was disappointing as production fell by more than 3%, while stocks jumped 2% . Corn usage was estimated at about 102 mln. bu., which is behind the weekly pace needed to meet USDA's current marketing year target.   Soybean processors are faring much better than the ethanolors. USDA is expected to report December soybean crushings at 2pm this afternoon (catching up on reports missed due to the government shutdown).  Traders are expecting a number near 182.5 mln. bu., which would up sharply on the year.  On Thursday, NOAA released updated long term U.S. forecast maps which showed April to June with above normal rainfall. The June through August forecast has normal temperatures but above normal rainfall.  In South America, weather has been favorable as of late.  USDA's ag attaché to Brazil estimates the countries soybean crop at 115.5 MMT’s, below USDA's own estimate of 117.0.  The Buenos Aires Grains Exchange maintained their estimate of a 53 MMT soy crop in Argentina and said that 87% of the crop is estimated to be in favorable condition.  Weekly U.S. export sales were released this morning, covering the last set of missing data from the government shutdown.  Numbers came in mostly as expected.  A breakdown is below for reference.  (Keep in mind these totals cover 6 weeks).  

 

7-day precip forecast (Feb 22-Mar 1)



Have a good & safe day! 

Do not let what you cannot do interfere with what you can do.
John Wooden

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.

  ACH Payments are now available. 
Call for details or to sign up.


 

 

 		 


Local Cash Bids
 
  Feb Mar Apr May June July Fall 19 Jan 20
STANFORD CORN Cash Price
Basis
Futures Month @C9H @C9H @C9K @C9K @C9N @C9N @C9Z @C0H
  Chart Chart Chart Chart Chart Chart Chart Chart
BEANS Cash Price
Basis
Futures Month @S9H @S9H @S9K @S9K @S9N @S9N @S9X @S0F
  Chart Chart Chart Chart Chart Chart Chart Chart
Price as of 02/22/19 03:10PM CST.
Month Symbols
Click to view more Cash Bids

Online Offer Center
Stanford Grain Company Online Offer Center
Powered by DTN Portal®
Transact Online
  • Offers & Contracts
  • Easy to Use
  • Complete Records
Access Your Account

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 19 374'6 377'6 374'4 375'4 -0'2 375'2s 02:38P Chart for @C9H Options for @C9H
May 19 383'4 386'4 383'2 384'6 0'2 384'4s 02:57P Chart for @C9K Options for @C9K
Jul 19 391'2 394'2 391'2 392'4 0'2 392'4s 02:31P Chart for @C9N Options for @C9N
Sep 19 395'4 398'2 395'4 396'2 0'2 396'4s 01:30P Chart for @C9U Options for @C9U
Dec 19 400'6 403'6 400'6 401'4 0'0 401'6s 02:59P Chart for @C9Z Options for @C9Z
Mar 20 410'6 413'4 410'4 411'4 0'0 411'6s 02:31P Chart for @C0H Options for @C0H
May 20 416'4 419'0 416'2 417'6 0'0 417'4s 01:30P Chart for @C0K Options for @C0K
Jul 20 421'4 423'2 421'4 422'0 0'2 422'2s 01:30P Chart for @C0N Options for @C0N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 19 910'2 914'6 907'4 910'2 -0'6 910'2s 02:31P Chart for @S9H Options for @S9H
May 19 923'4 928'0 920'6 923'2 -0'4 923'6s 02:34P Chart for @S9K Options for @S9K
Jul 19 936'6 941'2 934'0 937'0 -0'2 937'2s 01:30P Chart for @S9N Options for @S9N
Aug 19 942'0 946'4 940'0 942'2 -0'2 942'6s 01:25P Chart for @S9Q Options for @S9Q
Sep 19 946'0 949'2 943'4 945'4 0'0 946'0s 01:30P Chart for @S9U Options for @S9U
Nov 19 953'4 957'0 950'6 953'4 0'2 954'4s 02:44P Chart for @S9X Options for @S9X
Jan 20 963'0 965'2 960'6 962'6 0'4 963'4s 01:30P Chart for @S0F Options for @S0F
Mar 20 968'0 970'6 966'0 967'6 0'2 968'6s 01:20P Chart for @S0H Options for @S0H
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 19 488'4 493'0 484'4 485'0 0'2 486'6s 02:42P Chart for @W9H Options for @W9H
May 19 493'0 497'4 488'6 490'0 0'6 491'6s 01:30P Chart for @W9K Options for @W9K
Jul 19 495'6 500'0 491'6 493'2 1'4 495'0s 01:30P Chart for @W9N Options for @W9N
Sep 19 505'4 509'2 501'4 502'6 1'0 504'4s 01:30P Chart for @W9U Options for @W9U
Dec 19 519'2 523'0 515'6 516'2 0'0 518'0s 01:30P Chart for @W9Z Options for @W9Z
Mar 20 530'0 533'4 526'2 526'2 -0'2 528'4s 01:24P Chart for @W0H Options for @W0H
@DX - US DOLLAR INDEX - ICEFU
Month Open High Low Last Change Close Time More
Mar 19 96.465 96.650 96.280 96.410 -0.053 96.367 02:59P Chart for @DX9H Options for @DX9H
Jun 19 95.990 96.135 95.820 95.910 -0.048 95.882 02:59P Chart for @DX9M Options for @DX9M
Sep 19 95.510 95.550 95.470 95.470 -0.081 95.377 02:59P Chart for @DX9U Options for @DX9U
EB - BRENT CRUDE - ICEEC
Month Open High Low Last Change Close Time More
Apr 19 66.96 67.73 66.87 66.99 -0.08 67.12 02:59P Chart for EB9J Options for EB9J
May 19 67.05 67.84 66.98 67.12 -0.07 67.25 02:59P Chart for EB9K Options for EB9K
Jun 19 67.02 67.77 66.91 67.05 -0.07 67.18 02:59P Chart for EB9M Options for EB9M
My Custom Markets
Symbol Open High Low Last Change Close Time More

DTN Text Messages
Log in
Username:
Password:
Click Here to request a username/password.

DTN Grain News
DTN Early Word Grains 02/22 05:56
DTN Midday Grain Comments 02/22 10:52
DTN Closing Grain Comments 02/22 14:04
DTN National HRS Index 02/21
Portland Grain Review 02/22
DTN Weather Trend Indicators 02/22 08:22
FARM MARKET NEWS - CORN REPORT FOR Fri, February 22
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 22
USDA Daily Market Rates 02/22 06:48

DTN Ag Headline News
Iowa Appeals Ruling on Ag-Gag Law
Corn, Soybeans to Have Higher PLC Yield
Livestock & Poultry Outlook
Best Young Farmers/Ranchers-5
Ag Outlook Comes Into Focus
Crop Insurance Update
Sulfur Fertilizers: One Vital Nutrient
Stamp Farms Co-Defendants Sentenced
Tariffs Slow Export Projections

Headline News
New AG in Hot Seat for Mueller Report 02/22 06:17
NKorea Seeks Reduction in Sanctions 02/22 06:26
Admin to Keep 200 Troops in Syria 02/22 06:13
Lawyer: McCabe Facing Investigation 02/22 06:22
IS Slips Into Iraq From Syria 02/22 06:25
Dems to Spend $100M in Battlegrounds 02/22 06:16
NC Orders New House Election 02/22 06:21
Stocks on the Rise Early Friday 02/22 09:30


Photos

 

Local Radar
Stanford, IL
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Forecast
Stanford, IL
Chg Zip:

Friday
Saturday
Sunday
Monday
Tuesday
High: 42°F
Low: 23°F
Precip: 0%		 High: 50°F
Low: 31°F
Precip: 77%		 High: 45°F
Low: 17°F
Precip: 20%		 High: 26°F
Low: 11°F
Precip: 0%		 High: 32°F
Low: 16°F
Precip: 0%
View complete Local Weather

Local Conditions
Stanford, IL
Chg Zip Code: 
Temp: 42oF Feels Like: 35oF
Humid: 68% Dew Pt: 32oF
Barom: 30.33 Wind Dir: E
Cond: N/A Wind Spd: 13 mph
Sunrise: 6:39 Sunset: 5:38
As reported at BLOOMINGTON, IL at 2:00 PM
View complete Local Weather

DTN Videos
Midday Hot Sheet  01:24
2/22/2019 Wheat Higher Friday
Closing Market Comment  04:02
2/21/2019 Optimistic Thursday
Reporter's Notebook  02:51
2/20/2019 Spring Planting Forecast
Market Weather Outlook  03:57
2/22/2019 Large Central U.S. Storm Forecast Friday

Links

Google Search

Google

KNOW BEFORE YOU GROW

NCGA Corn Hybrid Site

Know before you grow

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN