Cambria Plant

Market Commentary

August 20, 2019
 
Good Morning,
 
A drop in crop condition ratings and early results from the ProFarmer Crop Tour had the markets higher overnight, but have since lost that strength. The corn market is currently down 4 with soybeans unchanged.  
The tour reported 154 bpa for both S. Dakota and Ohio on their first leg. This was off 6 bpa for Ohio and 3 for SD from last week's August forecast from NASS. Soybean pod counts disappointed as well with S. Dakota coming in at 833 versus 1024 last year and a 3-yr average of 965. Ohio's pod count was off even more with just 764 pods versus 1248 last year. For some perspective, Ohio's 3-yr average sits at 1137. 
August is nearly over and maturity seems to be a major concern for the surveyors on both legs of the tour that may leave some farmers hoping for higher temperatures to try to help push these crop over the finish line. Today the tour will be checking fields in Iowa, Minnesota and Indiana as they work their way to middle and hold their meeting on Thursday to release their final yield estimates. 
Unfortunately for producers with unsold old crop and unpriced new crop the biggest issue is demand! Regardless the size of this years crop, exports have been poor and domestic demand is diminishing daily with poor margins. Every week we hear of more ethanol plants that are slowing down or shutting down until things turn around. Unfortunately the turn around doesn’t look like it will be anytime soon!
I would advise producers that are sitting on old bushels that need to move before harvest to lock in basis very soon. Once the calendar turns to September the gates will open regardless of cash prices as most producers and elevators will empty out their remaining stock to make room for this years crop. Producers needing to make new crop sales should consider making fall basis sales vs. the CH to give them a little more time to market once the crop is in the bin.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 
 
 


Trailer Sale
FOR SALE
2010 - 2011 - 2012 Hopper Bottom Trailers for Sale.
42'L x 78"H x 96"W
Air Suspension
Several trailers in each year available
Contact Garry 920-348-6844 

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

Local Forecast
Cambria, WI
Chg Zip:

Wednesday

Thursday

Friday

Saturday

Sunday
High: 77°F
Low: 61°F
Precip: 0%
High: 72°F
Low: 55°F
Precip: 0%
High: 71°F
Low: 52°F
Precip: 0%
High: 74°F
Low: 52°F
Precip: 0%
High: 76°F
Low: 55°F
Precip: 0%
View complete Local Weather


Welcome
 
RECEIVING HOURS

Grain Receiving will be closed Friday 8/23/19

Refer to Grain Receiving Hours in Tab to Left
 

Didion


 
Click on the Link below to see the difference we make together

 http://youtu.be/W8Gx2RWYSYY

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
Sep 19 360'0 362'0 359'6 361'6 2'2 359'4 02:32A Chart for @C9U Options for @C9U
Dec 19 369'2 371'0 368'6 371'0 2'2 368'6 02:32A Chart for @C9Z Options for @C9Z
Mar 20 381'6 383'4 381'4 383'4 2'2 381'2 02:32A Chart for @C0H Options for @C0H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 19 855'6 860'2 854'2 859'2 3'4 855'6 02:32A Chart for @S9U Options for @S9U
Nov 19 868'2 872'6 866'6 872'0 3'6 868'2 02:32A Chart for @S9X Options for @S9X
Jan 20 882'0 886'4 880'6 886'0 4'0 882'0 02:32A Chart for @S0F Options for @S0F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 19 460'0 462'2 458'6 461'4 1'4 460'0 02:32A Chart for @W9U Options for @W9U
Dec 19 466'4 468'0 465'0 467'2 0'6 466'4 02:32A Chart for @W9Z Options for @W9Z
Mar 20 474'2 475'4 473'0 474'6 0'4 474'2 02:32A Chart for @W0H Options for @W0H
My Custom Markets
Symbol Open High Low Last Change Close Time More

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