We have added a fourth grain receiving pit to better serve you! We are committed to buying all of your grain by helping to make your operations as efficient as possible. Specs on our new grain pit: Pit Capacity = 1300 Bushels Receiving Leg = 30,000 bushel per hour Storage Capacity this leg currently feeds = 1,600,000 bushel
October 23, 2014
Crude oil is slightly higher this morning and the dollar is steady allowing corn to gain back what we lost yesterday. Yesterday’s ethanol report showed production up slightly from last week at 896 billion barrels, but still below the 10 week average. Stocks were also lowered by 17 million gallons. This morning’s export numbers showed corn at 40 million bushel which is up significantly below last week, but above the 10 week average of 25.6 million. Soybean exports continue to be strong aided by current price levels and slow harvest pressure. Lack of demand coupled with huge production is going to keep prices low for the upcoming year or years. Below is just one example of the limited demand that we are seeing.
The rapid growth of U.S. corn to produce ethanol has slowed since 2010 and now tracks with US gasoline consumption. Lower gasoline use since 2007-2008 combined with market constraints to increase blending of biofuels is limiting the demand for ethanol.
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.