Good Morning,

Corn opened down one and Soybeans down two, after the holiday trade break. CZ18 option expiration happens today. Beyond that, any news on US and China trade would be positive for the market.

Argentina is still anticipating a 43 million tonnes harvest, this runs consistent with previous estimates. On the other hand in South America, Brazil is having their best ever start to the crop year, estimating a soybean harvest of 129 million tonnes.

Make sure to have offers and targets in place, now that harvest is starting to wrap up, we need to watch opportunities to get the 2018 crop marketed. Some levels to note: February $3.50, May $3.58, July $3.66.

Have a Great Weekend!

Mitch Giebel
920-348-6861
mgiebel@didionmilling.com

Good Morning,

Corn is trading even and soybeans are down three this morning. Watch markets closely, as low volume this week could cause high volatility.

Weak margins continue in the ethanol industry, with Green Plains closing a plant this week, and several others lower production. China and US negotiations are still relatively stagnant, reported on Tuesday, as Trump called the practices China uses as unfair. In other parts of the world corn crops are looking to be off to a better start in Argentina and the Ukraine raising their expectation of harvest to 34.8 mmt.
Now that harvest is slowing down, make sure to have firm offers and targets in place.

We have several adjustments to our receiving hours in the next week be sure to visit our website or call in to get the latest schedule.

Have a Great Thanksgiving!

Mitch Giebel
920-348-6861
mgiebel@didionmilling.com

Good Morning,

Corn is trading even and soybeans are up five this morning. Trade has shown low volume early this week. Yesterday saw 90% of the US corn crop harvested, as reported by USDA report.

A story by Wire reported that of the $12 billion bailout only $838 million has been paid out so far. This program has been available since September, and the limitations are dragging out the ability for farmers to use it. Chinese and their government are looking to also make their farming practices more efficient, and lower their import demand.

We have several adjustments to our receiving hours in the next week be sure to visit our website or call in to get the latest schedule.

Have a Great Day!

Mitch Giebel
920-348-6861
mgiebel@didionmilling.com

Good Morning,

Corn is trading even and soybeans down fifteen this morning. Trade is expecting 91% corn harvested and 93% soybeans harvested on this afternoons USDA report. President Trump has stated that China has sent a list of items they are willing to negotiate on, to resolve trade tensions. Trump states they are not quite to a resolution, and there are items that need to be added to the started list of 142. This is also a reason the market failed to hold momentum thru this last week.

We have several adjustments to our receiving hours in the next week be sure to visit our website or call in to get the latest schedule.

Have a Great Day!

Mitch Giebel
920-348-6861
mgiebel@didionmilling.com

Good Morning,

Corn and soybeans are trading lower this morning after attempts to rally the markets yesterday ran out of steam. Traders are trying to figure out what to make of conflicting statements from the White House over the current state of tariff discussions with China. With the meeting between President Trump and Xi scheduled for the end of the month at the G20 meeting, Fund managers will be closely watching to see what the tone is between the two. It sounds like President Trump will require that soybeans be a part of any deal negotiated with China. Our window for export sales to be booked is slowly closing but can be quickly overcome if the recent trade restrictions on Chinese demand are backed off.
Weekly export sales were reported at 35.1 million bushels for corn and 17.3 million bushels for soybeans. Both are right on pace with the ten week average.

We have several adjustments to our receiving hours in the next week be sure to visit our website or call in to get the latest schedule.

Have a Safe Weekend!

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