Grains are trading steady with May corn futures at $3.61 and May soybean futures at $9.50. Thursdays weekly export sales report showed corn and soybeans on the low side of trade expectations. The 3 month extended forecast is calling for slightly above normal temps and normal precipitation for the main US grain belt region. The Great Lakes and portions of Wisconsin and northern Illinois show below average rainfall during that time period. Paraguay corn was reported being shipped to arrive in Wilmington North Carolina by May 20th for the feed markets, seems a little early but some imports do occur each year. One more week then traders will be switching from using May to July Futures as 1st Notice day falls on Friday April 28th. We should see some basis adjustments by the processors during the transition. Short term May corn futures will find support at around $3.60 and upside resistance at $3.65/$3.69. Dec corn futures support will be $3.85/$3.82 with upside resistance at the 50 day moving average of $3.90 and again at $3.95 3/4.
DTN Grain Offer System
This program has been working extremely well for many of our customers. Please call us and see how easy it really is.
You can select a target price above the market and we'll place that offer into the DTN on-line system which will work 24/7. Or we can recommend a selling price based on chart technicals. When your offer hits we'll call you to see how you'd like payment. Orders must be placed in 1000 bushel increments. Please contact Charles, Rita in the Dysart office at 319-476-3666.
"WE HELP FARMERS GROW"
Agronomy Sales - Contact Jamie Pokorny, Jake Bauer, Bob Hermsen or Barney Hopper in our sales division for chemical, fertilizer prices and recommendations.
Trucks Use Front Street
CR PROCESSOR HOURS April 24th
CARGILL - STARCH 7-3
CARGILL BEANS 7-5
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
Quotes retrieved on April 24, 2017, 09:59:26 AM CDT