GL_GR112   
Greeley, CO   Fri November 30, 2018   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 corn and soybeans were steady.  AMS average closing cash basis for 11/29/18 
for corn was 3.57 with a range of 3.50-3.64 and soybeans was 8.25 with a range 
of 8.20-8.31.  According to the NASS Crop Progress report 11/25/18, Corn 
Harvested for the Major 18 states was at 94% and soybeans was at 94%.  According 
to report contacts, quality high protein soybeans are hard to find to meet the 
increased demand for seed and overseas customers.  Contracted Commodities are 
being moved this week.

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  JAN     .50-1.15      9.45-10.01
U.S. #2 Yellow Corn      DEC     .06-.09        3.73-3.76

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JAN      .50-.73       9.45-9.68
U.S. #2 Yellow Corn      DEC      .06-.09       3.73-3.76

Region 2

                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JAN      .90-1.00      9.85-9.95
U.S. #2 Yellow Corn      DEC     (.17)-.01      3.50-3.68

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JAN     (.10)-.60      8.85-9.55 
U.S. #2 Yellow Corn      DEC     (.17)-.01      3.50-3.68

CME Yellow Soybeans Futures Closes
Contract Month    11/26/18   11/27/18    11/28/18    11/29/18   11/30/18
JAN   2019         8.6225     8.7550      8.9050      8.8725     8.9475
MAR   2019         8.7625     8.8925      9.0425      9.0050     9.0750
MAY   2019         8.8975     9.0275      9.1750      9.1375     9.2050

CME Yellow Corn Futures Closes
Contract Month    11/26/18   11/27/18    11/28/18    11/29/18   11/30/18
DEC   2018         3.5600     3.5650      3.6050      3.6025     3.6650
MAR   2019         3.6800     3.6850      3.7325      3.7325     3.7775
MAY   2019         3.7575     3.7575      3.8050      3.8050     3.8500

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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