Cedar Rapids Mill

We can only take hopper bottom trailers for corn.

December 13th is the LAST DAY to release defer pay before the new year, must have docs signed. 

IOWA HARVEST WEIGHT PROCLAMATION IS GOOD UNTIL 12/11/23 

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If you choose to have your dog or other pet ride along with you, please refrain from letting them out of your vehicle on Cargill property.  This is both a personal safety concern and a food safety concern. Thank you. 

Friendly reminder that Cargill Cedar Rapids is 100% Tobacco free. 

Market Commentary 12/01/2023

Grains were mixed today with corn and wheat up, while the entire soy complex closed firmly lower. March Chicago was able to close above $6, the wheat bottom may be in if this momentum continues. Wheat has had 2 failed breakout from the down trend since September but this one looks promising. Corn closed 2 cents higher after pushing $4.90 during the trading session. Meanwhile the soybean complex continued to sell off on favorable South American weather forecasts. Livestock continued to sell off as well after we saw a dead cat bounce earlier in the week, the trend is firmly lower. Energies sold off today while precious metals, specifically Gold, broke all time highs at $2,095.7/ounce at the time of writing, the previous high was $2,089.2 in August 2020. It seems like broader markets are penciling in modest to aggressive interest rate cuts while inflation remains high. This is resulting in higher equity and precious metal prices while commodity sentiment remains bearish as the economy is expected and is slowing down.

Have a good weekend everyone, be sure to take a look at the carry in the market. Corn is showing a 22 cent board carry to July, while Soybeans are showing a 42 cent board carry to July. December 24 corn futures closed at $5.13 ¾ .

** This communication has been prepared by Cargill, Incorporated.  The information in this communication does not constitute “investment service,” “investment advice,” or “financial product advice” as defined by laws and/or regulations in any jurisdiction, and the contents of this communication should not be construed as investment, legal or tax advice.  Each person should seek independent investment, legal and tax advice concerning the consequence of entering any transaction.