Early morning Friday grains are lower as the final Great Britian vote passed to leave the European Union late yesterday. Earlier indications were that the vote had failed buy a vote of 52%-48%. Markets around the globe are feeling the negative ripple effect from yesterday's vote. The DOW is down nearly 500 points this morning at 17,415. Grains continued their march lower on continued fund liquidation this week following rain showers and cooler temps forecast in the 6-10 outlook. Markets have broken hard the past 10 days and farmers have closed the door on the grain bin for now. Sales made during the rally are now being shipped, question is will we see another rally in July before we trend lower into harvest? If we have an issue with heat during pollination maybe, if not then we've likely seen the summer high and we'll trade steady to lower throughout the summer months. July corn futures traded 6 cents lower at $3.87 while December futures were also 6 cents lower at $3.98. Corn basis is trying to improve in Cedar Rapids while soybeans to the River are paying a nice premium compared to the Cedar Rapids market. Soybean futures were also on the defensive with July soybean futures 13 lower at $ 11.24 and November futures 15 lower at $11.01. Weekly export sales on soybeans were above expectations and are currently at 104% of the yearly USDA estimate. Corn sales although not as good as the past 6 weeks were in line with trade expectations and are now at 100% of the yearly USDA goal.
Grain Marketing Meetings
Clutier Legion Hall Tuesday June 28th 10:00 AM
Dysart Public Library Wednesday June 29th 10:00 AM
Vinton US Bank Com. Center June 29th 2:00 PM
Everyone is welcome to attend
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, Katie or Rita in the Dysart office at 319-476-3666 for details.
CR PROCESSOR HOURS FOR SATURDAY & MONDAY 25TH & 27TH
ADM SAT. 5-3 MON. 5-6
PENFORD MON. 7:30-2:30
STARCH MON. 7-3
CARGILL BEANS MON. 5-3
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 June 26, 2016, 04:52:26 AM CDT