The markets continued to trend lower and set new contract lows in corn yesterday. With little news to add any kind of support, producers have no reason to be holding old corn as this market appears to be headed to $3 on the CBOT. Here are some key highlights to keep an eye on:
Corn conditions remained unchanged nationally at 75% G/E in last night’s report.
Wisconsin continues to lead the nation coming in at 87% G/E
Fridays Jobs report is going to be watched closely by traders. Any increase will most likely result in the Fed raising interest rates.
Brazil is expected to make a decision on whether or not it will import GMO corn form the US. If a majority vote is reached, we could see the potential to export up to 1.5 mmt of US corn to help combat Brazils feed shortages.
Funds are short 211,000 corn contracts.
***Give us a call to find out how you can still make sales for $3+ for old crop corn. ***
Hours are subject to change based on weather. Please call to confirm hours.
ACH - Payment Form
If you are interested in ACH, please completely fill out the attached form and return it to Didion. Some financial institutions charge for this service.(You will have to check with yours to see if there is a fee) If you have a lien on your grain, we will not be able to pay you via ACH. Click Here to view form.
LET US DO THE TRUCKING FOR YOU!
Didion Milling has more than 20 trucks ready to serve you. We have hopper bottom and dump trailers of various sizes to fit your needs. We offer on-farm pickup throughout the year. Hourly rates are available should you need extra time to fill a trailer. Contact Garry or Brenda for more information on our trucking services.