Corn dumping hours are Monday - Friday, 7:00 AM - 4:30 PM.
We stay in that same old trading range. Not much new in the corn market. The February USDA report had no real news in it. The carry out was a bit lower at 1.735 billion bushels. This is about mid range of last year's carryout (2.0) and what we were using for guesses this summer (1.5). Ethanol margins have caused a slow down in corn grind around the country and kept a lid on price. Use any rallies to get some of your corn priced. Remember to look at revenue per acre, not necessarily the price per bushel.
Similar to the last couple of years, $3.60 and above is a good place to start. Look at selling deferred months and even keep an eye on 2019 new crop prices on any rally. If we buy more corn acres going into planting season we could go back over a 2.0 billion carryout again next year. Keep that in the back of your mind.
Get your offers in because if this corn market does take a jump there will be a lot of corn sales made around the country and with lower ethanol runs, it may take some of the steam out of the market pretty quick.
Call ahead to schedule your deliveries.
Click on the "Cash Bids" link below to see our current cash prices.
Central Plains and into the Midwest will see snow in northern areas. Mixed precip near East Coast. The southeast will see rain. Rain and snow in the far west will diminish over the weekend. » More DTN Weather Commentary
