Cambria Plant

Market Commentary
 March 22, 2019
 
Good Morning,
 
Corn is trading 2-3 higher this morning after talks yesterday that China had stepped up and booked its first purchase of US corn. Corn prices have risen despite fund managers increasing their record net short position. The USDA confirmed yesterday’s rumor with an announcement on the daily system that the Chinese had purchased 300 MT of corn. This is a good sign with the US negotiating team arriving in Beijing this weekend.
I don’t expect the market to move dramatically either direction in the next several months unless we see a significant weather issue. (Excessive wet spring or widespread summer drought) Next Thursday the USDA will release its quarterly stocks report along with the 2019 planting intentions. Estimates are for corn acres to increase by 2-3 million acres. I believe the market has 1-2 million more acres traded so far and could trade lower if we come in at 3 million.
 
GO BADGERS!!
 
Garry Gard
920-348-6844
ggard@didionmilling.com

Meetings

WPS Farm Show - March 26-28, 2019 at EAA grounds in Oshkosh
   
 

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Cambria, WI
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Cambria, WI
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Welcome
 
RECEIVING HOURS
Refer to Grain Receiving Hours in Tab to Left

Grain Receiving will be closed on the following days:
Thursday March 21st
Friday March 22nd
Thursday March 28th 
Friday March 29th 

 
 

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 19 375'6 380'6 375'4 378'6 2'0 378'2s 03/22 Chart for @C9K Options for @C9K
Jul 19 385'0 389'6 384'6 387'6 2'0 387'4s 03/22 Chart for @C9N Options for @C9N
Sep 19 391'2 395'4 391'2 393'6 1'4 393'2s 03/22 Chart for @C9U Options for @C9U
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 19 909'6 912'0 903'0 904'2 -6'6 903'6s 03/22 Chart for @S9K Options for @S9K
Jul 19 923'2 925'4 916'4 917'6 -7'0 917'2s 03/22 Chart for @S9N Options for @S9N
Aug 19 929'4 931'6 922'6 923'4 -7'0 923'2s 03/22 Chart for @S9Q Options for @S9Q
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 19 465'4 473'6 463'6 465'0 -0'4 466'0s 03/22 Chart for @W9K Options for @W9K
Jul 19 470'6 478'2 468'4 470'0 -0'6 470'6s 03/22 Chart for @W9N Options for @W9N
Sep 19 478'2 486'4 477'2 478'2 -0'4 479'4s 03/22 Chart for @W9U Options for @W9U
My Custom Markets
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