GL_GR112	
Greeley, CO   Fri October 4, 2019   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.  According to the NASS Crop Progress report 
September 30, 2019, corn harvested in the top 18 states was 11% for 2019 versus 
25% for the same time in 2018 and soybeans harvested in the top 18 states was 7% 
for 2019 versus 22% for the same time in 2018.  AMS cash grain bids October 3, 
2019 for corn was 3.94 with a range of 3.86-4.03 and soybeans was 8.61 with a 
range of 8.57-8.65.

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      DEC     (.01)-.31      3.84-4.16

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  NOV      .50-1.40     9.66-10.56
U.S. #2 Yellow Corn      DEC     (.01)-.31      3.84-4.16

Region 2

                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  ---     ---------      --------- 
U.S. #2 Yellow Corn      DEC     (.15)-.05     3.70-3.90

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  NOV      .50-1.00     9.66-9.16 
U.S. #2 Yellow Corn      DEC     (.15)-.05     3.70-3.90 

CME Yellow Soybeans Futures Closes
Contract Month    09/30/19   10/01/19    10/02/19    10/03/19   10/04/19
NOV   2019         9.0600     9.1950      9.1375      9.1175     9.1625
JAN   2020         9.1950     9.3250      9.2775      9.2600     9.3025
MAR   2020         9.3000     9.4150      9.3850      9.3650     9.4075
CME Yellow Corn Futures Closes
Contract Month    09/30/19   10/01/19    10/02/19    10/03/19   10/04/19
DEC   2019         3.8800     3.9250      3.8775      3.8875     3.8475
MAR   2020         3.9950     4.0450      3.9975      4.0075     3.9700
MAY   2020         4.0525     4.0925      4.0475      4.0600     4.0250

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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