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.
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.