Corn dumping hours are Monday - Friday, 7:00 AM - 4:30 PM.
Nearby posted cash price is for corn delivered from 4/22 through 4/30.
The last USDA report pretty much took the air out of the grain markets. That has caused nearby basis to make up most of the difference. Will there be a delay in planting or a deal with China? Those are the things that the market will be watching over the next 30 days. Look at moving corn on a basis contract and then price it on any rally. With a 2.03 billion carryout corn markets are going to be a rerun of the last few years.
Over the last couple of years $3.60 and above has been a good sale. Look at selling deferred months and even keep an eye on 2019 new crop prices on any rally. I stated there was a chance of going back over 2.0 billion carryout but thought it might be after new crop, not due to an increase in last years bushels. December futures back up over $4.00 seem like a good place to start if you don't have any new crop sold.
Call ahead to schedule your deliveries.
Click on the "Cash Bids" link below to see our current cash prices.
Eastern areas, from the Midwest to the East Coast, will see rain and possible flooding Friday and Saturday. Mostly dry elsewhere. » More DTN Weather Commentary
