Cedar Rapids Mill

We can only take hopper bottom trailers for corn.

 Speed limit is 10mph 

Interested in growing Non-GMO soybeans?  Cargill is still seeking acres for our program delivered to Cedar Rapids, IA.  Premiums start at $2.50/bu.  Call your local merchant or our soybean hub at 402-237-3631 for more information.

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Market Commentary 5/14/2024

The Biden administration today did NOT include used cooking oil from China as a part of a new round of tariffs. This was contrary to what the market expected which brought back bearish undertones into beans, corn, and wheat as momentum turned bearish on the day. Soybean oil was down almost -4% on the day while corn was down about -2% and corn -1%. Soybeans unexpectedly held the most strength of the 3 today, finishing down 5 cents, supported by soybean meal gains. CONAB also released estimates for Brazil corn/soy crop which were slightly higher than last month’s estimates, this helped suppress corn and beans today. Farmers are slugging in the crop when they can, even in less-than-ideal conditions. Inflation numbers come out tomorrow morning before market open, this could be a macro market mover! Have a great 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.