Quiet consolidation and position squaring in the markets ahead of Fridays USDA data. With traders still short over 100,000 contracts in corn I would not be surprised to see them reduce this a little before Fridays report. Expectations for 90-91 million acres of corn to be planted this year may be on the short side this year. With favorable weather in the south allowing producers to get a jump on planting this year the likelihood of more corn going in increases. I think the same will hold true in the Midwest if weather is favorable for corn planting. Both commodities have similar profit per acre at the current prices and the potential for greater yields in corn will result in more corn acres. After Friday’s report is digested and traded, the trade will shift its focus back to weather as planting progresses in the South and begins in the North. I would advise producers to get firm offers in with us before Fridays report in case there are any fireworks in the market. Report days have historically resulted in major knee jerk reactions in the market that don’t last. Over the last 15 years corn has closed higher 9 times following the March 31st report. The average price increase was 15 cents.
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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.