Cedar Rapids Mill

For the most up to date grain bids and hours visit Cargillag.com or call 1-800-515-1105 and the afterhours bid line 1-800-223-5540.

RegenConnect is here! Call and Ask!

Logistics:   Normal hours tomorrow. Closed on Wednesday   

Market Commentary 05/23/22

By Elevate 

Market Overview
Ags were modestly higher led by wheat on overall positive risk sentiment, and as a grain export corridor in Ukraine looks very unlikely. Russia wants full retraction of sanctions to allow grain flows, something that will not happen as long as Putin is in power. Of concern to many, Biden will deploy dozens of US special forces to guard the US embassy in Kiev, per the Wall Street Journal. Outside markets were stronger on ECB confirmation of rate increases in July and Biden considering lifting some Chinese tariffs. The USDA announced 130K tons of old crop beans sold to Egypt. Weather-wise, over the next two days, rains will be heavy in central to eastern Kansas (1-3”). HRW areas will return to a drier/warmer bias after these storms, with a focus on realized rains in the northwest areas. The Northern Plains will be dry through the 5-day and then turn wet from Saturday through the first week of June. On the calendar this week, FOMC minutes are out on Wednesday, the second estimate of first quarter GDP will be out on Thursday (-1.4% prev, -1.3% expected), and the PCE price index (inflation) will be released on Friday.

 

Programs and Other Helpful Items!

CargillAg.com/Direct Deposit:

Tired of endless paperwork? Want to Sign Contracts Electronically?

View contract information, scale tickets, hours, cash bids and settlement sheets any time of day. Want to sell grain after business hours? Cargill now offers several tools accessible on Mobile Device or Computer to make things simple. Direct deposit so you can get your grain payments faster than the mail. To learn more or sign up for any of these tools, please call the office at 800-515-1105.

Buyer will not accept delivery of genetically enhanced commodities that have not been approved for use in all the following markets: United States, European Union, Japan, and China.

** 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.