Cedar Rapids Mill

Facility Update

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. Market Commentary – 7/23/2021 By: Brenda Kochanny Weather. Weather. More Weather. Doesn’t have to make sense what commodities due right now as it’s all about forecast, what’s happening real time and what is already baked into the market. Ha, Baked! Midwest is very warm today and next week. Some predictions of rain next week but as you know this time of the year it can all change very quickly. Canada is dry as well and parts not in good shape at all. Hearing of Canada making some purchases for new crop out of US as it braces for poor crop this fall. Weather… since this is a weather market let me give you my prediction. Weather forecast for tonight = Dark. Marketing Minute: If you are still bullish the market but want to get your bins cleaned out here are a couple of options to consider. First you can do a basis contract on 5000 bushels or more in order to lock in basis and keep the future open for upside movement. The second option would be to sell the corn on a focal point contract that would give you the current cash price and then you would be open to a futures price that could give you upside potential. Now with both these examples you are open to downward movement as well but if you are bullish the futures market you can always put in an offer on these contract options as well. Give your Cargill Representative a call to discuss in further detail if you are interested. 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. WEIGHT EXTENSIONS ARE EXTENDED TO July 25th Cover Crop Cost Share: Do you plant or intend to plant cover crops? Do you sell corn into Eddyville’s supply shed, either directly to the facility or via one of our third-party commercial customers? If so, you qualify for $10/ac cost share 160acres or 10% of your total farmed acres, whichever is larger! More details and application here: https://practicalfarmers.org/programs/cover-crops/