Grain Elevator

Cedar Rapids Mill

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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 08/05/22

By Daniel Elsner

Weather and the WASDE are on everyone’s mind going into next week. Corn is currently caught between two trendlines and I think the WASDE report will be the catalyst traders need to decide which way they want to take this market, so expect volatility with the WASDE report next Friday. The Sep-Dec spread which we saw growing completely vanished today and re-inverted, a sign that people want grain now. We are looking at 100+ degrees over the weekend with a chance of some rain. Least to say that weather is a swing factor here, but the market seems to think this crop will continue to hurt. In outside markets treasury yields rose on an incredibly strong job report as it gives the Fed the green light to continue raising rates. Countries will continue to see strong biofuel demand increase due to both climate goals and the need for alternate fuel sources, a bullish sign for agriculture. Have a great weekend and stay cool!


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

Standard

Monday

7:00am-3:00pm

Tuesday-Friday

TBD-TBD

Saturday-Sunday

Closed

Waxy Hours

Monday

Closed

Tuesday-Friday

7:00am-3:00pm

Saturday-Sunday

Closed

Quaker Hours

Monday-Thursday

6:00am-3:00pm

Friday-Sunday

Closed

Phone

Primary

800-515-1105

Address

Primary Address

1710 16th St Southeast

Cedar Rapids, Iowa 52401

Mailing Address

1710 16th St Southeast

Cedar Rapids, Iowa 52401

Commodity

Brenda Kochanny

Merchandising Manager

Jenna Hintz

Grain Origination Specialist

Cory Howk

Grain Origination Specialist

Bobby Belzer

Grain Origination Specialist

Daniel Elsner

Commodity Trading Associate