GL_GR112   
Greeley, CO   Fri December 14, 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 12/13/18 
for corn was 3.78 with a range of 3.71-3.85 and soybeans was 8.50 with a range 
of 8.45-8.55.  According to NASS Crop Production report 12/11/18, 2018 corn for 
grain area harvested is 81,767,000 acres with a yield of 178.9 and soybeans for 
beans area harvested is 88,343,000 with a yield of 52.1.  Contracted Commodities 
re 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     .80-1.20      9.81-10.21
U.S. #2 Yellow Corn      MAR     (.26)-.11      3.59-3.96

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JAN     (.10)-1.00    8.91-10.01
U.S. #2 Yellow Corn      MAR     (.26)-.11      3.59-3.96

Region 2

                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JAN      .91-1.00     9.92-10.01
U.S. #2 Yellow Corn      MAR     (.22)-(.15)    3.63-3.70

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JAN      .20-.66       9.21-9.67 
U.S. #2 Yellow Corn      MAR     (.22)-(.15)    3.63-3.70

CME Yellow Soybeans Futures Closes
Contract Month    12/03/18   12/04/18    12/05/18    12/06/18   12/07/18
JAN   2019         9.0975     9.1500      9.2000      9.0700     9.0050
MAR   2019         9.2275     9.2825      9.3325      9.2050     9.1375
MAY   2019         9.3550     9.4100      9.4575      9.3325     9.2700

CME Yellow Corn Futures Closes
Contract Month    12/10/18   12/11/18    12/12/18    12/13/18   12/14/18
DEC   2018         3.7425     3.7500      3.7625      3.7550     3.7675
MAR   2019         3.8400     3.8475      3.8525      3.8425     3.8475
MAY   2019         3.9125     3.9225      3.9275      3.9175     3.9225

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

1400     jpg