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.
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.