Grains are trading higher mid morning on Friday with July corn futures up 3 cents at $4.11 and July soybeans up 1 cent at $10.80. China is auctioning a sizable amount of corn out of their reserves which was expected. Planting estimates next week are expected to show 92% on corn and 70% on soybeans. Argentina soybean harvest is nearing 75% completion with total production estimates near 56 million metric tons. Brazil continues to experience dry conditions in Safrinha, the northern areas of Brazil. Production estimates of 53 mmts could be closer to 48-49 mmts. Harvest is just getting underway in that region. July corn futures next resistance level comes in at $4.20, December futures also at $4.20. July soybean futures approached the $11.00 area this week but backed off to the $10.70's as the index funds took some profits off the table. We will likely see some volatility toward the close today ahead of the 3 day weekend.
Memorial Holiday Grain Hours
We will be out of the market at 1:15 on Friday following the sessions close. The CBOT markets will be closed on Monday. Markets will start trading again Monday evening at 7:00 PM so if you have an offer we can put it in before we leave on Friday afternoon.
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.
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.
CR PROCESSOR HOURS FOR TUESDAY MAY31st
CARGILL BEANS 6-5
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