GL_GR112	
Greeley, CO   Fri July 12, 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 Acreage report June 28, 
2019, corn biotech varieties planted is 92% of 91,700,000 acres and soybeans 
biotech varieties planted is 94% of 80,040,000 acres.  According to NASS Crop 
Progress Report July 8, 2019, soybeans planted was 96% versus 100% for the same 
time last year.  AMS cash grain bids July 11, 2019 for corn was 4.43 with a 
range of 4.32-4.54 and soybeans was 8.58 with a range of 8.53-8.64.  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  AUG      .75-2.25     9.88-11.38
U.S. #2 Yellow Corn      SEP      .05-.50      4.59-5.04

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  AUG    (.20)-1.58     8.93-10.71
U.S. #2 Yellow Corn      SEP      .05-.50      4.59-5.04

Region 2

                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  AUG     1.00-1.50     10.13-10.63
U.S. #2 Yellow Corn      SEP     (.05)-.07      4.49-4.61

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  AUG      .50-1.20      9.63-10.33
U.S. #2 Yellow Corn      SEP     (.05)-.07      4.49-4.61

CME Yellow Soybeans Futures Closes
Contract Month    07/08/19   07/09/19    07/10/19    07/11/19   07/12/19
JLY   2019         8.7525     8.8275      8.9300      8.9625     9.0675 
AUG   2019         8.7900     8.8600      8.9450      8.9900     9.1325
SEP   2019         8.8525     8.9175      9.0025      9.0500     9.1900

CME Yellow Corn Futures Closes
Contract Month    07/08/19   07/09/19    07/10/19    07/11/19   07/12/19
JLY   2019         4.3850     4.3175      4.3425      4.4775     4.4950
SEP   2019         4.3950     4.3250      4.3500      4.4425     4.5425
DEC   2019         4.4375     4.3725      4.3950      4.4800     4.5925

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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