DAILY GRAIN COMMENTS
January soybean futures posted new highs on Monday reaching $10.09 before falling back to close at $10.02. Palm oil leading the way again which is lifting soybean-oil values. Question is how much farther can it take us? Corn harvest is nearing 62% nationwide with Iowa at 52%. Soybean harvest at 76% nation wide with Iowa at 77%. Nationwide harvested numbers are in line with the 5 year average and are doing very well considering it's a bigger crop. The index funds are short 57,000 contracts of corn and long 108,000 contracts of soybeans. Rain is expected to move into our area beginning tonight and all day on Wednesday.
HARVEST GRAIN DELIVERY HOURS WILL DEPEND ON ACTIVITY AND WEATHER. PLEASE CONTACT THE ELEVATOR IN THE LATE AFTERNOON TO CONFIRM HOW LATE THEY PLAN TO BE OPEN. LEAVE YOUR CONTACT INFORMATION SO THE SCALE OPERATOR MAY CONTACT YOU. OUR PHONE NUMBERS ARE LISTED ON THIS PAGE FOR EACH OF OUR LOCATIONS. THANK YOU, WE APPRECIATE YOUR BUSINESS.
Our 2016 Harvest Grain Policy is now posted. In review, it's basically the same as last year with the exception of a slight increase in storage rates on grain delivered after January 1st. Due to the low cost of propane and natural gas our grain drying and moisture discounts will remain at reduced rates.
Crops affected by flood water may not be harvested and will not be accepted by local elevators. The grain is considered adulterated due the contamination from the flood waters.
During harvest we plan to do our best in accommodating incoming grain at all 3 of our locations. If there's something you need please feel free to contact us.
DTN Grain Offer System
We have implemented a grain pricing offer system on corn and soybeans which is both free and easy. 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. When your offer hits we'll call you to see how you'd like to select payment. Orders must be placed in 1000 bushel increments. Please contact Charles, Katie or 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.
CR PROCESSOR HOURS OCT 27th
CARGILL STARCH 7-3
CARGILL BEANS 5-5
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.