Cambria Plant 920-348-5868

Market Commentary
 June 30, 2016
 
Good Morning,
 
REPORT DAY! At 11:00 the USDA will release the 3rd quarter stocks report of on and off farm inventories. They will also release the revised acreage numbers which will be extremely interesting this year. I believe that corn’s best chance to garner any rally may depend on the bean numbers. If we don’t see at least a 2 million acre increase in soybeans, I think the soybeans will rally and may spill over into other commodities. Estimates are listed below, check back in at 11 for the updates.
Corn export sales dropped for the 4th consecutive week with only 18 million old crop and 21 million new crop bushels being exported. Old crop exports remain 20 million above last year which may show up in today’s stocks report, but will need to maintain there for the remainder of the year to help dwindle down the old crop stocks.
Weather remains favorable with several fronts moving across the US today and in the coming days which should limit any strength from weather for the time being. 

 
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 today's 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
 
 

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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 16 375'0 377'4 367'6 369'6 -3'0 372'6 10:33A Chart for @C6N Options for @C6N
Sep 16 379'6 382'2 372'4 374'6 -3'0 377'6 10:33A Chart for @C6U Options for @C6U
Dec 16 385'4 387'6 377'6 379'4 -3'4 383'0 10:33A Chart for @C6Z Options for @C6Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jul 16 1145'0 1153'6 1128'4 1134'2 -10'2 1144'4 10:33A Chart for @S6N Options for @S6N
Aug 16 1140'0 1151'0 1125'0 1133'4 -7'0 1140'4 10:33A Chart for @S6Q Options for @S6Q
Sep 16 1123'0 1133'4 1108'6 1117'2 -5'6 1123'0 10:33A Chart for @S6U Options for @S6U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Jul 16 429'6 434'2 428'4 429'0 -0'4 429'4 10:33A Chart for @W6N Options for @W6N
Sep 16 445'2 449'2 442'6 443'0 -1'4 444'4 10:33A Chart for @W6U Options for @W6U
Dec 16 466'2 469'0 463'2 463'4 -1'6 465'2 10:33A Chart for @W6Z Options for @W6Z
My Custom Markets
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