Cambria Plant 920-348-5868

Market Commentary

August 26, 2015
 
Good Morning,
 
Corn is up 1 and soybeans are unchanged this morning with nothing new in the news wires. After yesterday’s late selloff in the equities markets, things are trying to rebound this morning. Harvest is rolling in the southern states and right around the corner for most of us in the north which is going to keep pressure on the markets and put the squeeze on basis levels.
The corn market is struggling to find demand with Chinas economic issues and surplus of grain. Corn is also getting pressure from wheat prices that continue to weaken given the surplus and feed grade quality.
US Midwest 6-10 day forecast calls for normal to below rains and normal to above temps which will be welcome after this last cool spell.
We are in a very difficult marketing time for producers with prices 50 cents or more off of the levels we traded in early to mid-July. Given that we are only weeks away from harvest hitting the upper Midwest and the lack of any global demand it is going to be next to impossible to rally old crop prices to a comfortable level for producers. New crop prices may or may not get back to levels producers are looking for depending on the size of this year’s crop. But given the expectations for this year’s crop and how good it looks in our area, producers should look at net revenue per acre vs. net dollars per bushel.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 


Traits
                                    






 
Didion will not be accepting corn with the Duracade genetics. If you
planted or intend to plant seed with these genetics make sure that you find the appropriate market.      
 
 

Local Forecast
Cambria, WI
Chg Zip:

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High: 76°F
Low: 58°F
Precip: 0%
High: 81°F
Low: 58°F
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Low: 64°F
Precip: 49%
High: 85°F
Low: 65°F
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Low: 65°F
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Local Radar
Cambria, WI
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Welcome


 
Grain Receiving Hours 
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. 

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
Sep 15 362'4 368'6 362'2 362'6 -0'4 363'2s 08/28 Chart for @C5U Options for @C5U
Dec 15 374'2 380'0 374'0 374'2 0'0 375'0s 08/28 Chart for @C5Z Options for @C5Z
Mar 16 386'0 391'2 385'2 385'6 0'2 386'4s 08/28 Chart for @C6H Options for @C6H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Sep 15 887'2 895'6 884'0 894'4 7'0 893'2s 08/28 Chart for @S5U Options for @S5U
Nov 15 880'0 888'6 876'2 886'0 6'4 885'4s 08/28 Chart for @S5X Options for @S5X
Jan 16 885'0 893'2 881'0 891'4 7'0 890'6s 08/28 Chart for @S6F Options for @S6F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Sep 15 484'6 487'4 476'0 477'6 -7'2 477'0s 08/28 Chart for @W5U Options for @W5U
Dec 15 490'0 493'4 482'6 483'6 -6'0 483'6s 08/28 Chart for @W5Z Options for @W5Z
Mar 16 498'0 501'0 490'4 491'4 -6'0 491'6s 08/28 Chart for @W6H Options for @W6H
DJ - DJF0 - UNKNOWN
Month Open High Low Last Change Close Time More
Jan 20 Chart for DJ0F Options for DJ0F
My Custom Markets
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