Grains are trading higher on short covering following the holiday weekend. Mid morning on Monday finds March corn futures up 2-3 cents at $3.70 while January soybeans are up 9 cents at $8.82. Although we have seen a small rally in corn, the market trend is still considered lower. The US dollar is now at an 8 month high while Brazil is continues it's strong corn export program. Reports out this afternoon are expected to show Brazil soybeans at 80% planted with Argentina near 45%. EPA will announce the RFS mandates later today, we should see a slight increase to the 17.4-18.0 billion gallon area. The Argentina Ag Minister said the new President will eliminate the export tax on corn, wheat and milo, waiting to hear what he'll do on the soybeans. So far the South America weather has been good for early crop development.
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.
PROCESSOR HOURS FOR TUESDAY DECEMBER 1, 2015
PENFORD 3 PM - 6 PM
STARCH 7-11 SHORT DAY
CARGILL BEANS 5-7
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 November 30, 2015, 11:37:34 PM CST