Cedar Rapids Mill

HARVEST WEIGHT EXTENSION HAS BEEN EXTENDED TO FEBRUARY 19th!!!

If phones are down, text us at 614-705-0302 and we will give you a call back. Thank you. 

If you are wanting to split loads, make sure you call the office BEFORE you deliver to set up the split account and to let us know you will be splitting loads. Thank you. 

Effective Monday January 16th the per truck grading fee for dent corn at Cedar Rapids will increase from $5.30 to $5.60.   The per truck grading fee for waxy will increase to $7.00 per truck.  This is due to an increase in overall costs.  Thank you for understanding.

Going to the Iowa Ag Expo? Catch your favorite corn buyers at booth #400 on the Ballroom Level of the Convention Center!

Market Commentary 02/01/2023

Markets traded down ahead of today’s Federal Reserve meeting but closed higher on “friendly” comments from the Fed. The Fed raised interest rates by the expected 0.25%, they acknowledged that while inflation has eased it remains elevated. The Fed also indicated it intends to continue increasing rates. Whatever the case, stocks finished higher while the dollar and treasury rates took a tumble. Commodities were mixes-lower on the rate news even with a lower dollar. Corn was able to squeak back in the green finishing up +1.25 cents while soybean oil and soybeans fell in tandem with a large energy sell off due to warm weather and macro fears due to continued interest rates hikes.

** 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.