We have seen strength in the grain markets the last couple days coming from several factors. Strengh in the soybean market has been coming from strong demand and dryness in Argentina with limited rains the last 10 days. Overnight the forecasts changed and they now have several chances for rain in the 11-14 day range. This rainfall will be critical to the crop size as the last half of December is when their growing season gets into full swing. Brazilian weather has been ideal with 90% of their corn crop planted and harvest activity set to begin in late January. It is interesting to note that Brazilian farmers have 28% of their soybeans sold compared to 46% last year and 34% on average. This could be looked at as a reason for the strength in soybeans to change in the coming months as they start making these sales. The USDA December S&D report is scheduled for Friday at 11am. Corn exports are expected to be higher in Fridays report, while feed and residual are expected to be down. The trades average for corn ending stocks are 2.413 billion bu. compared to Novembers projection of 2.403. Soybean ending stocks are estimated at 470 million bu. versus 480 last month. Chinese soybean crush margins are near record highs as protein demand remains strong. Their meal demand has increased greatly with the reduction in imports of DDG’s and the profitable hog industry.
Corn and soybeans are both trading 3-4 lower this morning.
Due to higher levels of toxins in this year’s crop, we will be testing all incoming loads prior to dumping. We are in the process of putting procedures in place to make this process painless for everyone.
We will be in contact with you to schedule the loads that you have contracted and will discuss the testing procedure at that time. Please be patient and wait for us to call you as we are busy working on the scheduling.
Monday - Friday By Appointment Only 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.