Cambria Plant 920-348-5868

Market Commentary
June 29, 2016
 
Good Morning,
 
Weather in the short and long term continues to remain favorable for the majority of the Midwest.
Even with a friendly report and bullish weather reports the CZ16 contract will struggle to break thru the
$4.05-4.20 range. The NOAA 9National Oceanic and Atmospheric Administration) will update their July forecast tomorrow which will be watched closely by traders looking for any signs of dryness.
 
Export numbers have been strong in the recent weeks, but it is interesting to note the shift in consumers. Mexico may soon top Japan as the number one export for US corn. Japan is on pace to import the smallest amount of corn since 1999. Competition from South America and the Ukraine has limited corn exports to the Japanese from US origins.
 
Look for the markets to remain neutral to slightly lower ahead of tomorrow’s USDA report which comes out at 11am. Estimates are listed below.
 
Acreage(Mln Acres) June 30th Est. Average Est. March 31st Est. Final 2015
Corn   92.896 93.601 87.999
Soybeans   83.834 82.236 82.650
Wheat   49.869 49.599 54.644
         
 
Quarterly Stocks(Bln Bu) June 30th Est. Average Est. March 31st Est.
Corn   4.528 7.808
Soybeans   .829 1.531
Wheat   .982 1.372
       
 
 
It’s anyone’s guess as to what tomorrows report will actually come in at so I would advise producers to make sure you have enough old and new crop sales on the books in case we get an acreage or inventory surprise that drops the markets 20 cents.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 
 

Meetings
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Local Forecast
Cambria, WI
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Monday
High: 77°F
Low: 56°F
Precip: 43%
High: 71°F
Low: 52°F
Precip: 20%
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Low: 52°F
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High: 80°F
Low: 54°F
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Cambria, WI
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Welcome

Receiving Hours

Closed July 4th

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
Jul 16 375'0 376'0 374'0 375'6 3'0 372'6 08:07P Chart for @C6N Options for @C6N
Sep 16 379'6 381'0 379'0 380'2 2'4 377'6 08:07P Chart for @C6U Options for @C6U
Dec 16 385'4 386'4 384'4 386'0 3'0 383'0 08:07P Chart for @C6Z Options for @C6Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 16 1145'0 1145'6 1141'4 1145'6 1'2 1144'4 08:07P Chart for @S6N Options for @S6N
Aug 16 1140'0 1143'0 1138'2 1142'4 2'0 1140'4 08:07P Chart for @S6Q Options for @S6Q
Sep 16 1123'0 1124'4 1122'0 1122'4 -0'4 1123'0 08:07P Chart for @S6U Options for @S6U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 16 429'6 430'2 429'6 430'2 0'6 429'4 08:07P Chart for @W6N Options for @W6N
Sep 16 445'2 446'0 445'0 445'2 0'6 444'4 08:07P Chart for @W6U Options for @W6U
Dec 16 466'2 466'6 465'2 465'6 0'4 465'2 08:07P Chart for @W6Z Options for @W6Z
My Custom Markets
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