Cambria Plant 920-348-5868

Market Commentary
 July 22, 2016
 
Good Morning,
 
Storms across IA, IL, IN,MN, WI yesterday afternoon eliminated any concern for this crop not finishing off. Additional rains now are just going to add to the final yield numbers. Weather forecasts continue to improve with cooler than normal temperatures in the upper Midwest by July 27th and rainfall amounts reaching 1-2 inches for much of the corn belt.
Corn is down 3 cents this morning and down 22 cents so far this week. Corn has closed lower six of the past seven days. I would advise producers with old crop bushels to liquidate those bushels. If new crop sales (O/N/D) need to be made for space or cash flow, I would advise locking in basis on these bushels and pricing at a later date. In the past 6 years we have only spent 8 weeks below the current CBOT levels, so I would wait to price on any short term bounce. Funds have been adding to their short position in corn and wheat and are now short 45,000 corn contracts and 128,000 wheat contracts. Space is going to be an issue across all of the Midwest this fall which is going to result in weaker basis levels and limited space for this crop. Commercial elevators are currently taking in a very large wheat crop (yields of 100 bu/acre + are the norm) and will be carrying this wheat into next year. (For comparison Soybean carry from November to March = $-.06, Corn carry from December to March = $.09, Wheat carry from December to March = $.25)
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 

Meetings
None Scheduled at this time



                                    

 

Local Forecast
Cambria, WI
Chg Zip:

Saturday

Sunday

Monday

Tuesday

Wednesday
High: 82°F
Low: 71°F
Precip: 80%
High: 87°F
Low: 72°F
Precip: 80%
High: 83°F
Low: 63°F
Precip: 0%
High: 84°F
Low: 61°F
Precip: 0%
High: 82°F
Low: 65°F
Precip: 30%
View complete Local Weather

Local Radar
Cambria, WI
Chg Zip Code: 
 
Radar
View complete Local Weather


Welcome

Receiving Hours

Grain Receiving will be Closed 7/22/16

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. 

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
Sep 16 334'4 336'6 326'6 336'4 0'6 335'0s 07/22 Chart for @C6U Options for @C6U
Dec 16 340'6 343'2 333'2 343'2 1'0 341'6s 07/22 Chart for @C6Z Options for @C6Z
Mar 17 350'6 352'4 342'6 352'4 1'2 351'4s 07/22 Chart for @C7H Options for @C7H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 16 1034'2 1037'0 985'0 1008'0 -26'0 1006'4s 07/22 Chart for @S6Q Options for @S6Q
Sep 16 1027'2 1029'6 978'0 1000'0 -26'6 998'6s 07/22 Chart for @S6U Options for @S6U
Nov 16 1014'6 1016'4 966'2 989'0 -24'2 988'2s 07/22 Chart for @S6X Options for @S6X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 16 417'2 427'0 407'0 425'6 7'4 425'2s 07/22 Chart for @W6U Options for @W6U
Dec 16 440'6 451'4 431'6 450'6 9'0 450'2s 07/22 Chart for @W6Z Options for @W6Z
Mar 17 464'0 475'6 455'4 475'2 10'6 475'2s 07/22 Chart for @W7H Options for @W7H
My Custom Markets
Symbol Open High Low Last Change Close Time More

 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN