Grain Elevator

Cedar Rapids Mill

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Address

Primary Address

1710 16th St Southeast

Cedar Rapids, Iowa 52401

Mailing Address

1710 16th St Southeast

Cedar Rapids, Iowa 52401

Primary

800-515-1105

Hours Of Operations

Standard

Monday

TBD-TBD

Tuesday

7:00am-3:00pm

Wednesday

7:00am-12:00pm

Thursday-Saturday

TBD-TBD

Sunday

Closed

Waxy Hours

Monday

Closed

Tuesday-Friday

7:00am-3:00pm

Saturday-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

Logistics:  Fantastic corn hauling week with minimal wait times.  We will have a full day on Saturday.

Weight Limits: A 30-Day Harvest Proclamation went into effect on September 17th allowing a 12.5% per axle weight increase, or a maximum total of 90,000 lbs. without an overweight permit. This is set to expire on October 17th.

Market Commentary – 10/26/2021

By:  Brenda Kochanny 

Nice day today with more weather headed our way Wednesday – Thursday.   Looks like we could see 0.50- 2 inches depending on where you sit in our draw.   Trying to take this harvest home and we are going to be late with the amount of moistures we have received.  ON the flip side the moisture is good for as dry as we have been. Ethanol was a big story today with price jumping up 11.5 c/gallon near the close.    December 2022 hit some contract highs at $5.4075 before it backed off.  Brazil crops are now planted 64% vs. 57% from a year ago. 

Marketing minute: If you are looking for a way to add some value to your sales this fall a good way to do that is to add a premium offer to your sale. Right now, you can add 20 cents to your current or new contract for an offer of $6.00 at a strike price for Dec 2022 futures that expires 11/23/22. This is currently 70 cents above Dec 2022 future price out there. If you are interested call your Cargill representative.

Programs and Other Helpful Items!

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.