Cambria Plant

Market Commentary
 April 18, 2019
 
Good Morning,
 
Softer markets this morning with corn and soybeans down 1 and wheat down 3. The funds are in the midst of rolling their May shorts to July, but we have seen very little movement to the upside so far this week with this action. Traders are holding a record short position in the corn market of 302,000 contracts.
Traders are continuing to look for news to trade, but the lack of fundamental news continues to be the story. US weather shows a warming trend over the next couple weeks with mixed forecasts for rain depending on what weather model you follow. US and Chinese trade news will continue to do nothing to the market until we get some concrete agreements in place.
Export sales were disappointing this morning for beans as they came in at the lower end of expectations with just 14 million bushels. Corn was a little better than expected with 37.3 million bushels. Corn exports are running above what is necessary to reach the USDA’s current estimate for 2018/19, however, the large crops coming out of South America will probably have crops becoming available soon. In fact offers out of the Gulf are running about 35 cents more than ones out of Argentina for delivery from June to August. This will most likely make matching last years pace for the remainder of the marketing year an uphill battle unless the World surplus begins to shrink .
 
Reminder that the markets are closed tomorrow in observance of Good Friday.
 
Didion Grain Receiving will be closed Friday 4/19/19.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 

Meetings
None at this time. 
   
 

Local Radar
Cambria, WI
Chg Zip Code: 
 
Radar
View complete Local Weather

Local Forecast
Cambria, WI
Chg Zip:

Friday

Saturday

Sunday

Monday

Tuesday
High: 53°F
Low: 37°F
Precip: 0%
High: 61°F
Low: 32°F
Precip: 0%
High: 70°F
Low: 41°F
Precip: 0%
High: 56°F
Low: 44°F
Precip: 60%
High: 53°F
Low: 39°F
Precip: 54%
View complete Local Weather


Welcome
 
RECEIVING HOURS
Refer to Grain Receiving Hours in Tab to Left

Didion Grain Receiving will be closed on
 Good Friday 4/19/19


 

Funds Position

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. 

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 19 358'0 359'2 357'0 358'4 0'2 358'4s 03:56P Chart for @C9K Options for @C9K
Jul 19 366'4 367'6 365'6 367'0 0'2 367'2s 03:53P Chart for @C9N Options for @C9N
Sep 19 374'6 375'4 373'6 374'6 0'0 375'0s 01:30P Chart for @C9U Options for @C9U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 19 878'6 882'0 876'4 880'6 1'4 880'4s 02:30P Chart for @S9K Options for @S9K
Jul 19 892'4 895'4 890'2 894'4 1'6 894'2s 03:53P Chart for @S9N Options for @S9N
Aug 19 898'4 901'0 896'2 900'2 1'4 900'0s 01:30P Chart for @S9Q Options for @S9Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 19 447'2 448'2 439'2 445'4 -2'6 444'2s 03:18P Chart for @W9K Options for @W9K
Jul 19 450'0 451'4 443'2 449'6 -2'0 448'2s 03:43P Chart for @W9N Options for @W9N
Sep 19 456'6 458'2 450'2 455'6 -2'2 454'6s 01:30P Chart for @W9U Options for @W9U
My Custom Markets
Symbol Open High Low Last Change Close Time More

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN