Grains are trading steady early Wednesday morning with July corn futures at $3.80 and July soybean futures at $10.30. End users seem satisfied with the recent flood of grain that entered the market over the past 45 days. Basis values switched to using July futures last weekend and are adjusting to the 4 cent difference between May/July on corn and the 9 cents difference on soybeans. Weather in the US has been excellent for early planting and crop development which could lead to above average yield potentials. The index funds purchased over 250,000 of corn contracts and are now long an estimated 50,000 contracts although we did see some liquidation on Tuesday. Soybeans moving down the river to the US Gulf market have slowed dramatically as Brazil is loading out new crop soybeans at a record pace. For now, the least path of resistance is steady to lower pending a La Nina event later this summer.
On days when the market experiences extreme volatility we may elect not buy grain in the afternoon. We can place a pricing offer for you when the market reopens at 7 PM in the evening.
The coffee is on in the morning
We have coffee too
Grain Offer Programs
We are pleased to announce we have implemented a new grain offer marketing system on bushels you have in storage at Dysart, Vinton and Clutier. It's very easy to use as we do all the work for you. Just call us and we enter the sell order into our DTN system. When the price you select hits we call you the next morning and you elect how you would like payment. Orders must be in increments of 1000 bushel lots.Contact Charles or Amy in the Dysart office at 319-476-3666 for details.
Winter Hours 8-4:30
We welcome you to stop in sometime for nice warm cup of coffee
CR PROCESSOR HOURS FOR THURSDAY MAY 4TH
PENFORD 7:30 - 2:30
CARGILL BEANS 7-12
THESE HOURS ARE POSTED FOR YOUR CONVENIENCE.SUBJECT TO CHANGE WITHOUT NOTICE.
BE PREPARED FOR EARLY CLOSING WITHOUT NOTICE DUE TO WEATHER, FLOODING, OR DOWNTIME.
To Better Track Your Loads, Please Remember To Call In Your Direct Ship Delivery Info To Dysart. Thanks