Corn dumping hours are Monday - Friday, 7:00 AM - 4:30 PM.
Price Later contracts expiring August 30th may be rolled one time to a new contract expiring October 30th. In order to do so new contracts must be signed prior to August 30th or grain will be priced.
The report on June 30th told two different stories. It showed a decrease in corn stocks but it also told the story of more intented corn acres than the trade expected. Of course the bad news won for now. The trade still isn't sure that we will have 91.7 million acres of corn but that is the number the computers will trade until the August 12th report when new numbers will be released. The higher prices in May and early June told producers to plant more corn and in some areas they did. We will have to wait and see.
We have plenty of summer weather yet to get thru but look at marketing some of your expected crop to at least get costs covered. It doesn't have to be today, but don't wait forever. We are already rationing corn and will see more SA corn come into the coasts and ethanol has had a tough time making money lately so wouldn't be suprised to see more ethanol production drop off. You wanted higher prices and we have gotten them. Take advantage of some of it keeping the majority for the next level that we hope is yet to come.
Over the last couple of years $3.60 so don't miss out on opportunities to sell above the cost of production. This year with the option to sell new crop at $4.25 and above it should make for a little easier marketing strategy.
Call ahead to schedule your deliveries.
Click on the "Cash Bids" link below to see our current cash prices.
Western and central Plains will see rain Thursday, as will areas of the Midwest and the Southeast. Northern areas will be drier. » More DTN Weather Commentary
