We do have some room for spot corn purchases during May. Call if interested in moving some cash bushels.
We are currently buying corn for August and beyond.
The USDA lowered corn carryout to 2.127 billion bushel in their March report. With the large carryout we needed someone to have a crop problem and for now it has been Argentina. This brought corn prices to their highest level since August of last year. With the large yields in the area last year there will be more corn than we alone can process. This has been true the last couple of years and we have been buying large quantities of corn in the last month. We may buy some spot bushels down the road but for now we have contracted a level that we feel is adequate based on what we are comfortable with. We still have some needs for August and beyond. Make sure and keep an eye on new crop prices and look at locking in some profitable sales. December futures above the $4.00 level have been good sales in the past.
Remember there is still plenty of corn, feed wheat and world wide competition out there.
Click on the "Cash Bids" link below to see our current cash prices.
The eastern Midwest and Southeast will see rain today. Lighter rain for the northern Midwest and the Plains. Dry elsewhere. » More DTN Weather Commentary
