GL_GR112	
Greeley, CO   Fri May 15, 2020   USDA- CO Dept of Ag Market News
National Weekly Non-GMO/GE Grain Report

  Compared to last week: Demand is very good with moderate trade.  Grower 
bids for soybeans and corn was steady.  According to NASS Crop Progress 
Report May 11, 2020, corn planted was 67% versus 28% this time last year 
with a five-year average of 56% and soybeans planted was 38% versus 8% 
this time last year with a five year average of 23%.

Grower Bids: bids reported thresher run in dollars per bushel and 
delivered elevator/warehouse in car lot or truck lots.  Basis month is 
the futures contract delivery month the commodity is being priced 
against.  Basis reflects the relationship between the cash market and the 
corresponding commodity futures basis month.  Cash bid prices are basis 
of the futures market close on the issue date of this report.

Region 1
                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  ---      --------     --------- 
U.S. #2 Yellow Corn      JLY      (.07)-.35    3.12-3.54

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JLY      .65-1.75     9.04-10.14
U.S. #2 Yellow Corn      JLY      (.07)-.35    3.12-3.54

Region 2

                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  ---     ---------      --------- 
U.S. #2 Yellow Corn      ---     ---------      ---------

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JLY      .20-1.56     8.71-10.06
U.S. #2 Yellow Corn      ---     ---------     ---------- 

CME Yellow Soybeans Futures Closes
Contract Month    05/11/20   05/12/20    05/13/20    05/14/20   05/15/20
MAY   2020         8.5225     8.4925      8.3600      8.3525     ------
JLY   2020         8.5500     8.5200      8.3950      8.3700     8.3850
AUG   2020         8.5575     8.5350      8.4125      8.3900     8.4075
SEP   2020                                                       8.4125                                     

CME Yellow Corn Futures Closes
Contract Month    05/11/20   05/12/20    05/13/20    05/14/20   05/15/20
MAY   2020         3.1850     3.2375      3.2025      3.2025     ------ 
JLY   2020         3.1850     3.2225      3.1825      3.1750     3.1925 
SEP   2020         3.2400     3.2600      3.2250      3.2200     3.2300
DEC   2020                                                       3.3200                                     

Region 1: Wisconsin, Illinois, Michigan, Indiana, Ohio, Kentucky, 
Tennessee, Mississippi, Alabama, Georgia, Florida, South Carolina, North 
Carolina, Virginia, West Virginia, Maryland, Delaware, Pennsylvania, New 
York, New Jersey, Connecticut, Rhode Island, Massachusetts, New 
Hampshire, Vermont and Maine.

Region 2: Minnesota, Iowa, Missouri, Arkansas, Louisiana, Texas, 
Oklahoma, Kansas, Nebraska, South Dakota, North Dakota, Montana, Wyoming, 
Colorado, New Mexico, Arizona, Utah, Idaho, Nevada, Washington, Oregon 
and California.

Source:  USDA- CO Dept of Ag Market News Service, Greeley, CO
         Jonathan Gittlein, Market Reporter, (970)353-9750
         24 Hour Market Report (970)353-8031
         www.ams.usda.gov/mnreports/GL_LS335.txt

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