Corn dumping hours are Monday - Friday, 7:00 AM - 4:30 PM.
Call us to schedule your new crop deliveries. Reminder: Corn must be off of heat for 7 days before we can take it.
We are happy to announce that Jeff Andersen has joined us as a corn merchandiser. Jeff will be taking over full time after the end of the year when Roger retires. Jeff has many years of experience in the grain industry with time at Poet in Coon Rapids and Landus Cooperative.
October's USDA report was not friendly to feed grains. Corn yield was up .2 bushel per acre but the main point of emphasis by the trade was the 1.929 billion bushel carryout. At this point it was nothing to make the funds buy corn. So we go back into the previous trading range of 3.65 to 3.90 December futures. Hopefully the November USDA report will give us a better feel for total production as they resurvey areas that were hit by the early snow. After that we don't have much in the way of production news until the final January report.
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. Also there is good carry in the market so look at pricing spring or summer delivery at premiums to nearby prices.
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. I believe we will have $4.00 cash price opportunities, so get some offers in with us.
Call ahead to schedule your deliveries.
Click on the "Cash Bids" link below to see our current cash prices.
Friday will be dry in all crop areas, favorable for harvest. Conditions will be notably warmer, especially in the Plains. » More DTN Weather Commentary
