Grain Elevator

Cedar Rapids Mill

phone800-515-1105

Favorite

Address

Primary Address

1710 16th St Southeast

Cedar Rapids, Iowa 52401

Mailing Address

1710 16th St Southeast

Cedar Rapids, Iowa 52401

Hours Of Operations

Standard

Monday-Tuesday

7:00am-3:00pm

Wednesday-Thursday

-

Friday

7:00am-3:00pm

Saturday

7:00am-1:00pm

Sunday

Closed

Hours subject to change. Please call ahead. If you have service requirements outside of regular hours, check with your location.

Commodity

Facility Update

WEIGHT EXTENSIONS HAVE BEEN EXTENDED AGAIN, NOW THROUGH OCTOBER 18TH ------------------------------------------------------------------- MARKET COMMENTARY September 25th, 2020 By: Dylan Sanchez December corn closed up 1 3/4 cents at $3.65 1/4 , November soybeans ended up 2 1/2 cents at $10.02 ½ Dec corn this week dropped a total of 13.25 cents amid harvest pressure. After a slow start to harvest, combines are in full swing, and should continue to be for the next 2 weeks according to the weather forecast. Next weeks stocks report has the potential to bring some volatility to the market. Last year’s October stocks report caused a rally that raised prices to $4.00. Currently the average market participant is pricing in a 2.25bln bu corn stocks number. If there is a substantial difference between that number and actuals expect volatility. Keep in mind that funds are already long around 95K contracts which is a pretty large long position for this time of year. Corn basis levels are still inverted in most locations across the belt as rain delayed harvest and farmers have been focusing on harvesting soybeans rather then corn. Keep an eye going forward on China export sales and Brazilian weather. If China buying remains strong and Brazilian weather simultaneously remains weak, export sales out of the U.S will continue to be strong. Marketing Minute: Have New Crop corn that you want more market opportunity and want to deliver during harvest? Call 800-515-1105 and ask about the Harvest Pro Contract. 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.

Tom Manternach

Merchant

Shannon Fuller

Merchant

Brenda Kochanny

merchant manager