Yesterday’s short rally was attributed to fund short covering as harvest in the south and east winds down. After last nights close, the funds remain short 107k contracts. Ethanol production for the week was up 3.7% while stocks were down 1.8% for the week. This is the 3rd week in a row that stocks have declined. Export sales this morning were 40.3 million bushel for corn and 73.8 million bushel for soybean. Both are up from the previous week and above the 10 week average, but actual exports were down 32% from the previous week. I look for these numbers to slow down with the recent announcement that China is going to offer subsidies to corn processors in order to use their stocks. December corn futures traded above the 100 day moving average overnight for the first time since June 29th, but the strength did not follow thru to the day trade as corn is currently down 5.
Didion is only accepting contracted bushels for October at this time. We are not offering storage or DP. Any overages from loads delivered to fill a contract will be spotted out.
We are seeing a lot of Foreign Material in corn deliveries this year. Damage corn in the field is turning into FM once it runs thru the combine and dryers. Make sure you are making plans to core your bins after harvest and regularly throughout the spring and summer.
Mold issues in this year’s crop are going to cause issues for corn that is stored into the spring and summer. Make sure that you monitor your bins regularly and core them often. This year’s corn will not store well.
Please send us your harvest photos so that we can use them on our website and calendar.
Timpte is here today serving dinner for anyone that comes in.
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.