Good Morning,
Corn is currently trading even, and Soybeans up two. The second bomb cyclone has delayed spring fieldwork across much of the Midwest by bringing ice, snow, and even blizzard like conditions to most areas. Trade is watching as the full affects are yet to be seen. China and US trade talks continue, with China making a huge pork purchase recently.
Secretary of Ag Sonny Perdue announced there is no program to aid the farmers affected with grain and storage loss in Nebraska, flooding damage resulted from the Mid-March winter storm. However, Iowa and Nebraska lawmakers announced measures to aid those affected with tax and retirement withdrawals.
Please update offers on old crop and new crop, even with a flat market we need to be prepared if there is a small rally that could meet some price targets. Consider some new crop bids sitting $3.80 to close to $4.00 for Spring and Summer of 2020.
Have a Great Weekend!
Mitch Giebel
920-348-6861
mgiebel@didionmilling.com
