Good Morning,

We start the new week with the markets up through the overnight of trade. Corn is up 4 cents and soybeans are up 6 cents. This week is set to be an eventful one with the release of a few reports and there is a G20 summit meeting where President Trump is expected to speak with international leaders regarding trade. Although the trade disputes are not expected to be resolved, it is very important for our markets that we don’t take any more steps back. There will be a crop progress report released this afternoon at 3 p.m. that will give us more insight to where we are with soybean planting and give an update on the condition of U.S. crops. This Friday, the USDA will release a much anticipated stocks/acreage report at 11 a.m. This report is arguably the most impactful report for this year’s crop and traders will be taking positions before and after the publication. If you are sitting on any old crop corn, I would consider selling some amount this week. With the weather returning back to more normal temperatures and the occurrence of some impactful events I wouldn’t want you to miss out on any opportunities to lock in your crop at profitable levels!

Have a great day!
Drake Bliss
920-348-6817
dbliss@didionmilling.com

Good Morning,

Markets traded relatively steady through the overnight with corn unchanged and soybeans down 5 cents. Weather continues to be the driver of the markets here in the short run with some heavy rains expected to move through much of the Corn Belt this weekend. The weekly crop condition and planting progress report will be released this Monday and there will be a stocks and acreage report released next Friday, the 28th. Traders will be relying heavily on the upcoming reports with still so much unknown any little bit of news will give traders more insight to what yield and acreage loss will amount to. The market definitely seems to be in a wait in see mode regarding the weather and the effects it will have on the crops. Until next Fridays stock report that coincides with month and quarter end is released, I think the market won’t push prices to far one way or the other. I would recommend calling today to discuss your marketing needs and see what the best options are moving forward.

Have a great day!
Drake Bliss
920-348-6817
dbliss@didionmilling.com

Good Morning,

Markets are down just slightly through the overnight with corn and soybeans down a cent. Rains are expected to move into our area this weekend, but after that forecasts show we will see a return to more normal temperatures. Overall, it looks like there will be a good window to finish planting soybeans for most farmers across the nation. The market seems like it is in a wait and see mode regarding the upcoming weather and how the USDA will estimate yield and acreage loss. Until we get a good handle on what that looks like, I think we will see a consolidation in trade and the market will take a breather from the most recent run in prices we had.
Have a great day!

Drake Bliss
920-348-6817
dbliss@didionmilling.com

Good Morning,

Markets are lower here overnight and it’s hard to point out one specific reason. It seems to be influenced by a couple different things and just an exhaustion of the recent run. Prior to the small downside overnight, markets were deeply overbought, which makes it more susceptible to a downward move. After all, prices can’t always continue to go up. The planting progress report had 92% of corn planting completed and that told enough traders that in the last week that there was a strong push to get planters in the field. By no means do we think the new crop balance sheet is solved. I think time will tell with this issue and traders will rely heavy on the weather and upcoming reports to dictate where yield and acreage loss will end up. I would recommend getting some new crop on the books and locking in a profit on some production, and don’t forget to market the balance of old crop bushels.
Have a great day!

Drake Bliss
920-348-6817
dbliss@didionmilling.com

Good Morning,
Markets continue to climb as the fear of acreage loss and yield decline continues to grip our market. The weather outlook for the next 7 days doesn’t seem to change much from what we are seeing now. Rains will continue to move through the Corn Belt this week with multiple systems on the way and temperatures will remain on the moderate to cooler side. Further forecasts predict that rains will move north in the next 10-15 days and will allow for things to dry up. A planting progress report and crop condition report will be issued this afternoon and the markets will be looking heavily into that. Corn planting is said to be finally wrapping up at this time if not completely done. Crop conditions will be the next debate markets will try to quantify and bring to life. Ultimately, fear is running ramped in the mind of traders and the markets are up sharply in response. I believe this week will bring high volatility in prices with such on edge trading. With so much still unknown, I don’t think we will see this calm down until we get a real bearing on what yield and production loss will look like.
Have a great day!
Drake Bliss
920-348-6817
dbliss@didionmilling.com