The markets have stabilized for the time being with corn up 2 and soybeans up 10. I do think we could see some more downside in the markets ahead of the August 12 report but feel it could only be another 10-20 cents. This would get us back to the $3.70 range we were trading in a month ago. Yesterday’s weekly crop progress showed corn up 1% at 70% G/E for the US. WI was 82% G/E which is down 1% for the week. The Chinese economy is adding resistance to the US markets with concern of a fall out. There are talks that China may shut off imports of several commodities in the coming months which would affect US exports. The recent drop in the markets may be overdone due to the fund selling of commodities, but net positions are still long 190,000 corn and 43,000 soybean contracts. Producers should take advantage of any small bounce in the markets to make additional sales. If the USDA fails to reduce the crop projections in August, we could be into new crop before any significant reports hit the news wire.
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.
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.
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.