Corn and soybeans have opened slightly stronger this morning heading into the holiday. Corn is up 2 and soybeans are up 2.
Crude oil has slipped lower after yesterday’s gains as a result of tensions between Russia and Turkey. Russia has turned on its former ally and trade partner following the downing of a Russian warplane on Tuesday, warning that relations between the countries are at risk. Investors around the world are closely watching the tensions. Eastern Corn Belt Ethanol plants are rumored to be slowing their grind on poor margins which is going to contribute to weakness in corn long term. The processors have been a major driver the last few weeks in keeping basis levels strong not only in the East, but across much of the Midwest. The USDA released a 2015 farm sector profitability forecast yesterday and is projecting net farm income to decline 38% from 2014 levels. Grain and oilseeds incomes are expected to decline 8.7% while input costs are only expected to fall 2.3%. This would be the first cost decline since 2009. This adds support to the recent talks that producers are going to be dealing with slimmer margins for the next 12+ months.
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.