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Joined: Sep 2011
Posts: 61,376 Likes: 35
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 61,376 Likes: 35 |
"Rain makes grain", I wish we would get some rain.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Jan 2012
Posts: 6,802
Campfire Tracker
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Campfire Tracker
Joined: Jan 2012
Posts: 6,802 |
How's the beans look in Iowa? They look great around here......reports have been saying not so good over your way...
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Joined: Aug 2004
Posts: 69,802 Likes: 44
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,802 Likes: 44 |
Low grain prices all over. Soybeans too.
What they are lacking in price for corn down here, they are pretty much making up with a great harvest.
Molɔ̀ːn Labé Skýla!
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Joined: Feb 2006
Posts: 44,031 Likes: 28
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 44,031 Likes: 28 |
The soybean market jumps around quite a bit. Hell they're actually up now right?
Winter wheat is up, spring wheat took a big jump, and now they are saying $5 corn is a possibility. Key word there....possibility...
It would be a whole lot simpler if the 'technical' trading went away....
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Joined: Aug 2011
Posts: 1,353
Campfire Regular
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Campfire Regular
Joined: Aug 2011
Posts: 1,353 |
Price at our local elevator for Nov corn is 3.52, October soybeans 9.48. That's not bad but if the crop is good, which it looks to be, the prices will go down. During the drought of 2012, corn got up to 8.50 or so. Mine yielded 21 bushel to the acre. Two years later with good rain I made 173 and the price was about 3.00. That's the way it goes. Supply and demand.
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Joined: Feb 2006
Posts: 44,031 Likes: 28
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 44,031 Likes: 28 |
Weather markets can make or break you.
We've been sitting on wheat from 2014. Had a huge rain event right before harvest and it bleached out the ripe grain.
At the time it was worth $3? Sent in a couple samples last week and will see what they say but hopefully now it's doubled in price.
Grain markets are almost as bad as the damn cattle market....grin
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