Good Morning,

Corn is currently down three, and soybeans down seven. Similar to last year, it’s tough to find bullish news at the end of August. Currently we are facing trade war headlines, great weather, a lot of old crop yet to move, and having to price CU18 by end of month/month end positioning. The only potential that I see is either coming to the new month and supply and demand reports.

With crop tours projecting strong yields and great weather forecasts, not much is still standing between having a strong harvest come fall. With that being said we need to really look at options to move remaining old crop corn, whether being cash, basis, or other options. Please call to discuss what can be done.

Have a Great Day!

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

Good Morning,

Corn is currently down three, and soybeans down eleven. Market continues to slip as ProFarmer Tour continues to see great yield, overall. Yesterday, Nebraska yield estimated at 179.2 versus the 3-year average of 163.1. With this being said, there is still a lot of ground to cover, surprises could still be in store for their later yield checks on the tour. Chinese officials are still in the U.S. on talks about a resolution to the trade war.

With crop tours projecting strong yields and great weather forecasts, not much is still standing between having a strong harvest come fall. With that being said we need to really look at options to move remaining old crop corn, whether being cash, basis, or other options. Please call to discuss what can be done.

Have a Great Day!

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

Good Morning,

Crop conditions came in lower than analysts expected with corn at 68% good to excellent, and soybeans at 65% good to excellent. Bigger news of the ProFarmer Tour stated above average expectations for South Dakota and parts of Ohio with the first day completed. South Dakota estimated at 178 versus a three year average of 154 bpa. The final yield estimates will be releases at 1:30 on Friday.

Chinese trade negotiations are picking up again today thru Thursday. Nothing solid will come of this, but more ground work is being made. Beyond this, NAFTA continues to negotiate as well.

With crop tours projecting strong yields and great weather forecasts, not much is still standing between having a strong harvest come fall. With that being said we need to really look at options to move remaining old crop corn, whether being cash, basis, or other options. Please call to discuss what can be done.

Have a Great Day!

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

Good Morning,

Corn is currently trading up one, and soybeans down nine. This coming week brings the ProFarmer Tour, which will give real data from fields across the Corn Belt. Coverage will be well maintained after each day, as this is a great benchmark for what can be expected come fall. Both NAFTA and Chinese trade war talks are remaining positive, though nothing solid has come out yet.

Markets aren’t expecting any huge rallies, with the large crop expected, make sure to take advantage of small rallies like we saw yesterday. If you have old crop remaining, September corn is at $3.40 cash. Get offers in if you believe there will be a small rally or call today and ask about other specialty contracts we have to get the bins cleaned out.

Have a Great Day!

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

Good Morning,

Grain markets opened higher this morning with corn up 4 and soybeans up 17. Soybeans are getting support from news that broke last night that the Chinese are sending a delegation to Washington DC later this month to discuss a solution to the trade war. There are also talk that China has entered the bean market with rumors of 15 cargos bought last week and 12 cargos bought early this week for September. The majority of the soybeans are coming from Brazil with 1 cargo coming from Argentina. Weekly export sales released this morning show old corn at 13.3 million bu. and new corn at 41.1 million bu. New crop sales are the largest in the last ten weeks. Old crop soybean sales were 4.9 million and new crop beans were 21.0 million. New crop is slightly above the ten week average.
Ethanol production for the week averaged 1.072 million barrels per day which is down 2.55% from last week but up 1.23% from a year ago. Ethanol stocks are up 5.4% compared to a year ago with production up 2.34% while gasoline demand is down 1.22%. Report out today showed that agricultural export prices fell 5.3% in July from the previous month, which is the biggest drop since October 2011.

Today’s jump in the markets is great news, but producers need to keep in mind that these are just rumors of talks that will/may happen and there is no resolution. We also need to remember the size of the crop that is in the fields now is going to put a lot of pressure on the markets in about a month when harvest begins in the I states.

Have a Safe Day!

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