Support in the corn market this morning is coming from spillover strength in the soybean markets. Soybeans are stronger on support from stronger palm and soybean oil.
The US dollar hit its highest level since February 1st yesterday, reflecting traders expectations of an interest rate hike in December. This will limit US exports of all commodities. One of Brazil’s exporters has signed a trade deal with China to ship soybeans with more agreements expected soon. These sales are coming at a time when US sales need to remain strong to help consume the large US soybean production. Below is an interesting chart that shows the top five corn production states yields since 2004. The previous record high for any state was Illinois at 200 bpa in 2014, but the USDA bumped IL corn yields for 2016 to 202 bpa in the October S&D report. Iowa is approaching that number, after a record 192 bpa last year, they are now pegged at 198 bpa.
Didion is only accepting contracted bushels for October at this time. We are not offering storage or DP. Any overages from loads delivered to fill a contract will be spotted out.
We are seeing a lot of Foreign Material in corn deliveries this year. Damage corn in the field is turning into FM once it runs thru the combine and dryers. Make sure you are making plans to core your bins after harvest and regularly throughout the spring and summer.
Mold issues in this year’s crop are going to cause issues for corn that is stored into the spring and summer. Make sure that you monitor your bins regularly and core them often. This year’s corn will not store well.
Please send us your harvest photos so that we can use them on our website and calendar.
We will be closing at 4:30 pm on Monday October 31st to keep trucks off of the roads during the village of Cambria’s trick or treating.
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.