Favorable weather in the east and wet weather in the west are the ideal situations for the coming weekend. This weekend’s forecasts should allow planting to not only make significant progress in the east, but possibly finish up corn and soybeans. Old crop soybeans have weakened and may struggle to run significantly higher but there is still a lot of uncertainty in old crop soybean demand at this point. I do think new crop soybeans still have an opportunity to run another 50 cents higher and reach $11 on the CBOT with funds buying November soybeans as they sell July soybeans. Old crop corn is testing the $4 range for July and August with September already there. The first tick to $4 for July corn is going to move a large quantity of corn as producers have been patiently waiting for this level. If you are interested in selling at this level, I would advise putting firm offers on with us as we will not have time to call everyone when it hits and basis will quickly widen. New crop corn has an opportunity to reach $4 cash to the producer in our area but I also look for basis to widen when that happens as there is a large volume of corn waiting to be sold at that level. Weekly export sales remained strong for corn last week with 54 million old and 9 million new crop bushels being sold. Soybean exports dropped slightly from last week but still remain strong with world demand for beans. Prices for old and new crop corn have exceeded expectations for this year and should be rewarded. These are attractive areas to get some old and new crop sales on the books. Don’t let “greed” keep you from locking in profits while they are presented. A positive marketing plan rewards the market when opportunities are presented, rather than chasing a market that may or may not materialize!
CLOSED MONDAY 5/30/16 - Memorial Day Monday - Friday: 7am-5pm Saturday - 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.
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.