Cambria Plant 920-348-5868

Market Commentary
February 17, 2017
 
 
Good Morning,
 
Yesterday’s selloff continues this morning with corn down 4 and soybeans down 7. With little fundamental news, traders were back to selling their positions. With the long holiday weekend, I expect traders to reduce their long positions in the grains by selling off today.
Mexico’s Ag Secretary says that he will travel to Brazil and Argentina to explore the purchase of corn from those countries to lessen the dependence on US corn. He also stated that if needed they will explore import quotas and changing tariff regime for imports of yellow corn from Argentina and Brazil to make them more competitive.
Producers have been actively selling old crop on the recent gains, which is strongly advised due to the carryout with this year’s crop and the uncertainty of demand going forward.  Potential trade issues with Mexico and unknowns in the RFS are going to keep demand in check and well below the levels needed to reduce stocks in the US. Anyone who did not take advantage of the recent rally by making sales or enough sales is strongly advised to make sales and get firm offers in with your buyers. Old crop corn prices in the $3.45-3.70 range and new crop prices in the $3.70-3.90 range are good values and should be locked in.
With the change in temperatures and unseasonably warm weather, producers should be pulling grain out of their bins to monitor the quality.
 
Reminder – we are offering the Average Price Contract for October and November delivery. The deadline to lock in bushels on this contract is next Wednesday 2/22/17.
 
There will be no markets on Monday in observance of Presidents Day. Markets will resume their normal trade on the Monday night session.
 
Have a Safe Day!
 
Garry Gard
920-348-6844
ggard@didionmilling.com
 

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Local Forecast
Cambria, WI
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Cambria, WI
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Welcome

Receiving Hours

Scale will be closing at 12:00pm on Friday 2/17/17
 
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. 

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
Mar 17 373'2 373'2 368'0 368'4 -5'2 368'2s 04:17P Chart for @C7H Options for @C7H
May 17 380'4 380'6 375'2 375'6 -5'4 375'4s 02:00P Chart for @C7K Options for @C7K
Jul 17 387'2 387'4 382'2 383'0 -5'2 382'4s 02:00P Chart for @C7N Options for @C7N
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 17 1043'0 1046'2 1031'0 1034'6 -11'2 1032'4s 04:57P Chart for @S7H Options for @S7H
May 17 1054'0 1057'2 1042'0 1046'0 -11'4 1043'2s 04:55P Chart for @S7K Options for @S7K
Jul 17 1062'6 1065'6 1051'0 1055'0 -11'0 1052'2s 02:00P Chart for @S7N Options for @S7N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 17 445'4 447'4 440'2 442'4 -6'6 441'0s 04:55P Chart for @W7H Options for @W7H
May 17 458'6 460'6 455'0 457'2 -5'6 455'4s 02:00P Chart for @W7K Options for @W7K
Jul 17 471'4 473'6 467'4 470'4 -5'2 468'4s 02:00P Chart for @W7N Options for @W7N
My Custom Markets
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