Corn dumping hours are Monday - Friday, 7:00 AM - 4:30 PM.
We are now taking names for delivery of Price Later bushels. Give me a call to get your name on the list.
We are at least 30 cents above the lows set prior to harvest back in the middle of September. Not that we can't go back there but we know a whole lot more about the size of the crop now. The last USDA report showed an expected carryout of 1.736 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). The delay in harvest helped get rid of a little more of last year's crop and make much needed storage room. 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 cash sales may turn out to be a good sale if the bushels are out there. Once we get the crop put in the bin hopefully these markets will come up off the bottoms we have put in after this report. Look at selling deferred months and even keep an eye on 2019 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.
Call ahead to schedule your new crop deliveries.
Click on the "Cash Bids" link below to see our current cash prices.
Monday features light snow in portions of the northern Midwest, and light rain in the southeastern Midwest and Delta. Other crop areas will be dry. Conditions are generally favorable for final stages of harvest. » More DTN Weather Commentary
