GL_GR112	
Greeley, CO   Fri July 31, 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 and corn was steady.  According to NASS Acres Report 
June 30, 2020, soybeans planted was 83,825,000 acres versus 74,951,000 
for 2019 acres and corn planted was 92,006,000 acres versus 89,700,000 
for 2019 acres.

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      SEP      .04-.33      3.20-3.49

                         Basis     Basis       Cash Price
Non-GMO/GE Feed Grade    Month     Range         Range
U.S. #1 Yellow Soybeans  AUG      .65-1.38     9.63-10.36
U.S. #2 Yellow Corn      SEP      .04-.33      3.20-3.49

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  AUG      .10-1.38     9.08-10.36
U.S. #2 Yellow Corn      ---     ---------     ---------- 

CME Yellow Soybeans Futures Closes
Contract Month    07/27/20   07/28/20    07/29/20    07/30/20   07/31/20
AUG   2020         9.0650     8.9675      8.9150      8.9175     8.9750
SEP   2020         8.9875     8.8775      8.8450      8.8675     8.9025
NOV   2020         8.9975     8.8750      8.8525      8.8825     8.9250      

CME Yellow Corn Futures Closes
Contract Month    07/27/20   07/28/20    07/29/20    07/30/20   07/31/20
SEP   2020         3.2500     3.2000      3.1550      3.1575     3.1600
DEC   2020         3.3450     3.3000      3.2625      3.2675     3.2700
MAR   2021         3.4550     3.4125      3.3825      3.3825     3.3825                                           

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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