The markets are trading slightly lower in corn and soybeans this morning which is what I expected heading into the extended weekend. Forecasts for heavy rains in the Plains is added support to the wheat markets yesterday which has spilled over into the corn and soybean markets. Concerns over wheat quality have led traders to cover some of their short positions. The Midwest weather outlook is still very positive which will keep pressure on corn and beans despite any negative weather news in the plains. Yesterday’s short covering rally led to a lot of producer grain sales across the Midwest which has weakened basis in several areas this morning. I think basis will continue to weaken as producers are now out of the fields and will be opening up the bins to move grain. Old crop sales should continue to be made on these small rallies. Opportunities to sell new crop corn for March, April and May of 2016 can be made in the $3.90-$4.00 range and should be done. These are profitable levels and are well above current cash prices which could very well be seen next year if things don’t change.
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.
Grain Receiving Hours
We will be closed on Monday 5/25/15 in observance of Memorial Day! 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.
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.