GL_GR112	
Greeley, CO   Fri May 01, 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 were steady and corn was established in region 1.  
According to NASS Crop Progress Report April 27, 2020, corn planted was 
27% versus 12% this time last year with a five-year average of 20% and 
soybeans planted was 8% versus 2% this time last year with a five year 
average of 4%.

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      MAY      (.07)-.39    3.05-3.51

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  MAY      .65-1.74     9.12-10.21
U.S. #2 Yellow Corn      MAY      (.07)-.28    3.05-3.51

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  MAY      .20-1.55     8.67-10.02
U.S. #2 Yellow Corn      ---     ---------     ---------- 

CME Yellow Soybeans Futures Closes
Contract Month    04/27/20   04/28/20    04/29/20    04/30/20   05/01/20
MAY   2020         8.2900     8.2600      8.3175      8.5025     8.4725
JLY   2020         8.3650     8.3200      8.3750      8.5525     8.4950
AUG   2020         8.3800     8.3450      8.3850      8.5575     8.5075                               

CME Yellow Corn Futures Closes
Contract Month    04/27/20   04/28/20    04/29/20    04/30/20   05/01/20
MAY   2020         3.0550     3.0275      3.0450      3.1150     3.1150 
JLY   2020         3.1325     3.1200      3.1450      3.2000     3.1850 
SEP   2020         3.1900     3.1925      3.2200      3.2650     3.2550                               

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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