GL_GR112	
Greeley, CO   Fri April 05, 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 NASS Prospective Plantings 
Report March 29, 2019, corn planted area for all purposes in 2019 is estimated 
at 92.8 million acres, up 4 percent or 3.66 million acres from last year. 
Compared with last year, planted acreage is expected to be up or unchanged in 34 
of the 48 estimating States.  Soybean planted area for 2019 is estimated at 84.6 
million acres, down 5 percent from last year. Compared with last year, planted 
acreage is down or unchanged in 26 of the 29 estimating States.  AMS closing 
cash grain bids from April 04, 2019 for corn was 3.58 with a range of 3.50-3.67 
and soybeans was 8.45 with a range of 8.39-8.51  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  MAY      .90-2.00      9.89-10.99
U.S. #2 Yellow Corn      MAY     (.12)-.26      3.51-3.89

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  MAY      .00-1.25      8.99-10.24
U.S. #2 Yellow Corn      MAY     (.12)-.26      3.51-3.89

Region 2

                         Basis     Basis       Cash Price
Non-GMO/GE Food Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  MAY      .80-1.50      9.79-10.49
U.S. #2 Yellow Corn      MAY     (.35)-(.05)    3.28-3.58

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  MAY      .50-1.07      9.49-10.06
U.S. #2 Yellow Corn      MAY     (.35)-(.05)    3.28-3.58

CME Yellow Soybeans Futures Closes
Contract Month    04/01/19   04/02/19    04/03/19    04/04/19   04/05/19
MAY   2019         8.9550     9.0000      8.9875      9.0650     8.9900
JLY   2019         9.0875     9.1350      9.1225      9.1950     9.1200 
AUG   2019         9.1475     9.1950      9.1800      9.2550     9.1775

CME Yellow Corn Futures Closes
Contract Month    04/01/19   04/02/19    04/03/19    04/04/19   04/05/19
MAY   2019         3.6175     3.6150      3.6275      3.6525     3.6250
JLY   2019         3.7100     3.7075      3.7200      3.7425     3.7100
SEP   2019         3.7925     3.7925      3.8050      3.8250     3.7950

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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