Corn dumping hours are Monday - Friday, 7:00 AM - 4:30 PM.
If you still have old crop corn to move before harvest give me a call about our Price Later Contract that is free thru October 30th.
September corn numbers weren't friendly but bean numbers were. Corn traded 5 cents lower after the report, only to close 7 cents higher. With the strong nearby cash basis we are bidding 30 cents better than new crop. So if you have old crop corn you need to get it priced at some point because the board probably doesn't have 30 cents in it given the numbers we have to trade. If we see a better report it probably will be December or January's report. If even then.
Lower fuel prices and political turmoil has taken margins out of the ethanol business and world pork production is down dramatically due to ASF. We have done permanant damage to corn usage and it will take time to get it back up. The thing that scares me is if we see much of a rally before next spring, how many acres can we see planted in 2020? Prices were in the top 2% of the last five years and not enough people took advantage of them. December futures back above $3.90 will bring selling opportunities if we get so lucky. Don't miss out a second time because we probably won't go back to summer highs any time soon. Also there is good carry in the market so look at pricing spring or summer delivery at premiums to nearby prices.
I know it was easy to get bulled up when corn was at $4.50 but now we know we have to sell at profitable prices no matter what we think when they are presented to us. There will be opportunities to sell corn this year at above breakeven this year in my opinion because we are fortunate enough to have a crop. Don't sit back and watch the market go by if we do rally. There is carry in the market so take advantage of it when the time comes.
Call ahead to schedule your deliveries.
Click on the "Cash Bids" link below to see our current cash prices.
Dry conditions dominated the primary crop areas Friday afternoon. Temperatures ranged from the low 50s in northern Minnesota to the mid-90s in the Ohio Valley, Delta, Gulf Coast and Southeast. » More DTN Weather Commentary
