Cambria Plant 920-348-5868
 


 

Market Commentary
May 27, 2015
 
Good Morning,
 
Rain makes Grain!! If this saying holds true we are going to have a great crop this year. It’s definitely a little early in the growing season to be predicting a bumper crop, but the weather has been as close to perfect as we could ask for. Rainfall totals over the last couple days around our plant were reported at 1.5-3.5 inches. With the exception of a few small areas where the rain came down hard on Tuesday, the rains have been slow and steady allowing the ground to soak it up.
Yesterday afternoons crop planting report came in with 92% of the US and 93% of the WI corn crop planted. The first crop condition report showed the US corn crop at 74% Good/Excellent and the WI corn crop at 81% Good/Excellent.
Reports released yesterday state that Iraq plans to boost is crude oil exports by 26% to a record 3.75 million barrels per day in June. This move is an attempt to undercut US shale drillers that have been increasing supply with prices increasing. As Iraq floods the market with oil, this will send oil prices back to the prices we saw this winter when oil was in the $40-45/barrel range. At these levels, the US drillers will pull out of the market and shut down. What does this mean for grain prices, lower with no support from the energy markets. Crude oil and corn have mirrored each others movements historically and I would expect the same to be true this time.
This morning corn is down 2, wheat down 2 and soybeans are up 6.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 
  

Traits
                                     
 
Didion will not be accepting corn with the Viptera or Duracade genetics. If you
  planted or intend to plant seed with these genetics make sure that you find the appropriate market.       
 
 


Welcome


 
Grain Receiving Hours 

Monday - Friday: 7am-5pm
Saturday: Closed
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.

Local Forecast
Cambria, WI
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Sunday
High: 74°F
Low: 58°F
Precip: 0%
High: 81°F
Low: 56°F
Precip: 29%
High: 76°F
Low: 60°F
Precip: 50%
High: 61°F
Low: 47°F
Precip: 60%
High: 63°F
Low: 39°F
Precip: 0%
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Local Radar
Cambria, WI
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Radar
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Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Jul 15 355'0 356'4 348'6 349'0 -5'4 349'4s 03:57P Chart for @C5N Options for @C5N
Sep 15 361'6 363'2 355'0 355'4 -6'2 355'6s 02:57P Chart for @C5U Options for @C5U
Dec 15 373'0 374'2 366'0 366'4 -6'4 366'6s 03:32P Chart for @C5Z Options for @C5Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 15 922'0 931'6 922'0 927'0 4'4 927'0s 03:56P Chart for @S5N Options for @S5N
Aug 15 913'4 921'4 911'2 916'4 3'0 916'2s 02:30P Chart for @S5Q Options for @S5Q
Sep 15 906'0 912'0 903'0 908'4 2'6 907'6s 01:30P Chart for @S5U Options for @S5U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 15 496'0 496'2 482'0 488'4 -5'6 487'6s 03:36P Chart for @W5N Options for @W5N
Sep 15 501'2 502'6 487'2 493'4 -8'2 492'6s 03:35P Chart for @W5U Options for @W5U
Dec 15 517'0 517'4 501'2 507'4 -9'0 506'6s 01:30P Chart for @W5Z Options for @W5Z
DJ - DJ INDUSTRIAL AVERAGE - CBOT
Month Open High Low Last Change Close Time More
Jun 15 18063.00 18165.00 18063.00 18135.00 88.00 18141.00s 03:24P Chart for DJ5M Options for DJ5M
Sep 15 17617.00 215.00 17617.00s Chart for DJ5U Options for DJ5U
Dec 15 17527.00 215.00 17527.00s Chart for DJ5Z Options for DJ5Z
My Custom Markets
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