Rains across MN, WI, IA, IL over the weekend and cooler temperatures forecasted into early August have traders continuing to add to their short position. The crop in most of the Midwest is now made and all we will do with rain from here on out is add to the yield. Soybeans still need rain in August to finish the crop off, but like corn most of the bean acres are ahead of normal. This means that early August weather will be the determining factor for soybeans instead of late August. Friday’s reversal in the markets was positive news heading into the weekend. After making new contract lows in the CZ at $3.33 the markets bounced to close at $3.4175. This morning it appears that we are going to test those lows as the market is down 5 and trading at $3.37. If we break thru Fridays lows, I see $3.28 as the next support level. Weekly crop conditions and progress will be released this afternoon with expectations for the crop to remain unchanged at 76% G/E.
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.