Call to schedule your August deliveries. We are buying a few spot loads from time to time so let me know what you have.
Have we seen the market highs? With 1 million more corn acres and excellent growing conditions we probably have for some time. We seemed to have kicked the can down the road as far as corn supply goes. We were expecting carryout to drop to 1.5 billion bushels but the trade believes 1.9 billion is more likely. Corn is one of the few grains that has a story but it may be into next planting season before we talk about it much. With lower bean prices we will have to watch and see how many acres around the world go to corn. 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. Similar to the last couple of years, $3.60 and above cash sales may turn out to be a good sale if the bushels are out there.
Keep in touch if you have bushels to move in order to make room in the bins for new crop.
Click on the "Cash Bids" link below to see our current cash prices.
Light to moderate rain will cover the western and portions of the Southern Plains Tuesday, along with the Deep South and the far eastern Midwest. » More DTN Weather Commentary
