Good Morning,

Last May’s incident will stay with each of us forever, and we will never forget. Today, our focus is to honor and remember the team members we lost and those who were injured.

As we come together to reflect on the day that marks the 1 year anniversary, we are very grateful for the continuous outpouring of support and prayers we have received during the journey to recover and rebuild.

As a community and as a team, we have many reasons to be thankful and hopeful for the future. Our commitment to support our team and the Cambria community remains strong.

Have a Safe Day!
Garry Gard
920-348-6844
ggard@didionmilling.com

Good Morning,

Last night’s planting progress showed corn 92% planted vs 90% for the five year average nationally. Wisconsin came in at 81% complete compared to 81% for the five year average. Corn condition ratings showed corn at 79% good to excellent, the highest rating since 2007. Soybeans were 77% planted compared to 62% for the five year average nationally.
We are seeing big setbacks in all commodities yesterday and this morning with some key reversals in the markets. The funds have reduced their long positions by 24,000 contracts in corn and 94,000 contracts in beans so far this month.
With the combination of weather forecasts, crop ratings and political news I would expect more selloffs heading into the month end.
The last couple days should be a reminder to all producers and traders that these markets are very volatile and the slightest change in weather, weather forecasts, news can move the pendulum very quickly. You need to be proactive selling when the opportunities are presented.

Have a Safe Day!

Garry Gard
920-348-6844
ggard@didionmilling.com

Good Morning,

I believe yesterday’s selloff in the markets was merely traders exiting some of their long positions with the intent of making it a four day weekend. The Ag markets like to make big moves coming out of these long weekends so don’t be surprised to see the markets make a big move higher or lower when we resume trade Tuesday. Weather is nearly ideal for crop development across much of the Corn Belt and some sort of minor correction is probably in order.
Prices are slightly higher today in what is expected to be a light volume day heading into a three day weekend. Corn is up 1, soybeans 6 and wheat is up 9.

Thank you to all the Veterans who mad the ultimate sacrifice so that the rest of us could enjoy our freedom!

Have a Safe Weekend!

Garry Gard
920-348-6844
ggard@didionmilling.com

Good Morning,

Stronger markets this morning as the funds pour into the commodities. Overnight CZ18 made new contract highs and SX18 is on the cusp of making new highs. Wheat and Soybeans have been the catalyst for the commodities as US weather in the wheat growing regions are forecasted to be hot and dry. Soybeans have been stronger as traders are confident that China will resume buying US soybeans despite President Trumps comments the last few days.
Weekly exports were low for corn at 33.6 mln bu of old crop compared to the ten week average of 39 million. Soybean exports were terrible at -5.1 million bu. due to sales being cancelled. Despite the poor week, both commodities remain above the USDA projections for this time of year.
World and US weather will be the market movers the next couple days as traders take us on a wild ride higher or lower with each weather report that comes out. The best thing producers can do in a weather market is to make small sales on rallies and have firm offers in above the market. We see this type of trade every year and know that the markets will head lower before the weather changes and we realize sales should have been made. Don’t let a bullish mindset keep you from being profitable!

Have a Safe Day!

Garry Gard
920-348-6844
ggard@didionmilling.com

Good Morning,

Corn and soybeans moved higher yesterday, but closed off of the highs. With weather continuing to look favorable with moisture in the Delta and drier in the corn belt in the coming week. Despite some of the weather challenges we are seeing in WI, this year’s corn planting progress is at 81% complete for the US and 56% for Wisconsin. The five year average is 81% for the US and 66% for WI.
President Trump reiterated yesterday afternoon that the US and China have yet to reach a deal on trade, adding that he is “not pleased” with how the talks are progressing. While the talks with China were “a start”, Trump said he’s not yet satisfied. This news was a setback for the stock market and the commodity markets after it appeared that things were progressing following Sunday’s comments from the US Treasury Secretary. The good news is that there are no meetings planned for a couple of weeks between the two countries which may allow traders to focus on fundamentals thru the end of the month.
I look for the markets to back off slightly heading into the weekend with a three day break coming up. Long term I still believe we have another 15-20 cents to the upside in corn between now and the end of June.
Producers should be taking advantage of these rainy days to talk to their buyers about putting in firm offers on any old crop corn sales they have left to make. You should also be getting sales on the books and putting in firm offers for new crop corn. With levels over $4, producers should have 25% of your 2018 production and 10% of your 2019 crop sold.

Have a Safe Day!

Garry Gard
920-348-6844
ggard@didionmilling.com