Cedar Rapids Mill

Logistics:  Fantastic corn hauling week with minimal wait times, even as harvest sits still during these rain events.  Expect more of the same through the week, but harvest should resume over the weekend in many places.

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 – 10/15/2021

By:  Matt Coley

What a great end to the week for the Ag sector. Spurred along by generally friendly outside markets and higher oil prices today, corn, beans and wheat all closed 9-11¢ higher. Look for more sideways trade in the coming week.

The weather forecast looks great for the western Corn Belt to make big jumps in harvest completion over the next 10 days. With the past week being slow going, nearby basis has firmed up to keep grain moving. If you’re in position to move some corn next week, take advantage of the firm values as soon as you can. It sure doesn’t feel like these basis levels need to stick around very long with the type of yield reports that are coming from almost everywhere.

Have a great weekend!

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.