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USDA - AMS: National Weekly Non-GE/GMO Grain Report (2020-05-08)

USDA U.S. Department of Agriculture - May 8, 2020

GL_GR112	
Greeley, CO   Fri May 08, 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 were steady in region 1.  
According to NASS Crop Progress Report May 4, 2020, corn planted was 
51% versus 21% this time last year with a five-year average of 39% and 
soybeans planted was 23% versus 5% this time last year with a five year 
average of 11%.

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      JLY      (.07)-.33    3.12-3.52

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  JLY      .65-1.72     9.16-10.23
U.S. #2 Yellow Corn      JLY      (.07)-.33    3.12-3.52

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  JLY      .20-1.55     8.71-10.06
U.S. #2 Yellow Corn      ---     ---------     ---------- 

CME Yellow Soybeans Futures Closes
Contract Month    05/04/20   05/05/20    05/06/20    05/07/20   05/08/20
MAY   2020         8.3400     8.3825      8.3050      8.4150     8.4875
JLY   2020         8.3650     8.3950      8.3250      8.4425     8.5050
AUG   2020         8.3850     8.4075      8.3400      8.4500     8.5200                               

CME Yellow Corn Futures Closes
Contract Month    05/04/20   05/05/20    05/06/20    05/07/20   05/08/20
MAY   2020         3.1075     3.1300      3.1175      3.1600     3.1900 
JLY   2020         3.1550     3.1700      3.1425      3.1800     3.1925 
SEP   2020         3.2250     3.2325      3.2025      3.2325     3.2475                               

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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