Eddyville

Do you want to stay the most up to date with truck lines, hours updates, and quick ship bids?  Make sure you are on our text list by signing up at https://www.cargillag.com/help/sms-consent. 

*If you received texts in the past and no longer receive them, try sending the phrase “sfcargillupdate” to 77028 to opt back into our text messaging.  If this does not work, please call our office at 1-800-515-1105 for further troubleshooting.

We will soon be harvesting new crop corn and if you have loads that are blended old crop and new crop, we need to know that at the time you check in your truck to ensure it gets into the correct bin.  Thanks for your help.

Market Commentary 9/09/2024

Corn and beans both finished the day just like the Iowa State Cyclones did on Saturday, with a win:). Corn started off the day slow, but it managed to finish a penny higher. Beans started off strong and remained that way throughout the day. South America continues to experience their worst drought since the 80s, with little to no relief in sight. The drought is also delaying planting as farmers are waiting for some rain to keep going. Soybean export sales to China remains to be positive. However, lack of rains in the US is keeping river levels low, and increasing freight on the Mississippi has now made US corn uncompetitive again in the world market. US crop ratings were 65% G/E on beans, which was unchanged from last week, and Corn was down 1% to 64% G/E. The US corn crop is 5% harvested, compared to 3% this time last year. Thursday is another WASDE report. Early predictions are that the corn and soybean yields will increase and remain to be records. Warm and dry forecast for the Midwest will continue to help push the crop to maturity and help dry things down. Funds have cut their record short position for corn almost in half since the market lows, but farmer selling has kept a cap on big market rallies. Have a good evening. 

** 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.