Our phone system should be back to normal. You can use 659-2111 again. Sorry for the inconvenience.
The USDA report made it a corn trifecta and it wasn't good for the markets. With a million more acres than expected, great emergence, and now heavier ear weights. We started out expecting carryout to drop to 1.5 billion bushels but USDA now has it projected at 1.77 billion. That sets our corn story back yet again. With lower bean prices we will have to watch and see how many acres around the world go to corn.
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.
We still have needs for September and beyond.
Click on the "Cash Bids" link below to see our current cash prices.