Cambria Plant 920-348-5868

Market Commentary
March 29, 2017
 
Good Morning,
 
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.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 

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Cambria, WI
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Receiving Hours

 
Monday - Friday  7am-5pm

Saturday  - Closed
Sunday - Closed



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. 

FOB TRUCKING
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.

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 17 357'2 360'6 356'4 358'0 0'6 358'4s 03:41P Chart for @C7K Options for @C7K
Jul 17 364'6 368'2 364'2 365'6 0'4 366'0s 03:32P Chart for @C7N Options for @C7N
Sep 17 372'6 375'6 371'6 373'0 0'0 373'2s 03:25P Chart for @C7U Options for @C7U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 17 970'4 976'0 967'2 969'4 -3'0 969'0s 02:49P Chart for @S7K Options for @S7K
Jul 17 980'4 986'4 978'0 980'0 -2'6 979'4s 03:15P Chart for @S7N Options for @S7N
Aug 17 983'4 987'4 980'0 982'0 -2'6 981'4s 01:30P Chart for @S7Q Options for @S7Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 17 424'0 427'4 422'4 425'0 1'0 425'4s 03:09P Chart for @W7K Options for @W7K
Jul 17 436'6 440'6 436'0 438'0 1'0 438'4s 01:30P Chart for @W7N Options for @W7N
Sep 17 451'0 455'4 451'0 453'2 1'2 453'6s 01:30P Chart for @W7U Options for @W7U
My Custom Markets
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