Our local Coop shows a cash bid of 12.88 on the open.
I remember teens in the beans. (Walking them.)
Closing bid from local elevator here was 12.97 today. We generally have pretty good basis as I’m only a little over 100 miles from the barges in the Tulsa area.
13.19 Wayland IA bid .Corn is 4.96 January delivery
13.32 for March
13.24 or close here this fine morning. How high can they go?
Are those bids future or current delivery and are they locked in, or can they crawfish later?
My dad sold beans picked up at the farm in February for 13.41 midday yesterday, March -.27. Sold corn picked up at the bin for 5.28 at the same time, March +.33. Most of the wheat and beans in our area gets put on the water in Tulsa, corn feeds poultry in NW Arkansas.
13.24 or close here this fine morning. How high can they go?
Most farmers would say they can't go high enough......lol.
Another thing the MSM got wrong, remember when the news was that Trump’s trade war with China would bankrupt US farmers?
Everything the media “reports” seems to be 180 degrees off.
I could've got 14 briefly a couple days ago at the same time I was loading up the last of the beans I sold at 10.33 a couple months ago.
Still have a fair amount of them binned up and waiting for 15. haha
Trying to make a living as a gambler in Vegas has got to be easier than being a farmer. Sell now or sell later..... It's a gamble.
Sold out all my overrun beans at harvest for 9.80. Thought I was doing the right thing as it wasn't long before I was selling last years beans for 8.20 after paying all the interest on raising them...now beans are high and I can't get to my bins roads are just slop
Had 17k bu of corn on storage at the elevator and went in sold 7000 bu at 5.13. Damn why wouldn't I have sold it all
Greed I guess
Well, we lost a good buck of that.
Back to 5.11 on corn today what to do.
Sold out all the corn on storage at the elivator for 5.32. That makes the highest price I ever got for corn.
We're right at 14 now for Feb delivery. Between the snow and soon to be mud, Feb delivery isn't gonna happen.
Still thinking we're gonna see a bit higher.
The chemical and fertilizer companies are taking advantage of the high grain prices. We usually prepay our pasture and hay ground fertilizer in December, but my son and I talked it over and decided that it probably wouldn't be that much difference.............WRONG!!!! Fertilizer has took a big jump in the past month. They want some of that $14 dollar beans and $5 corn.
Can you imagine how much money the people who don't have beans to sell are losing?
Can you imagine how much money the people who don't have beans to sell are losing?
Talked to a marketing guy he recommends holding beans and thinks U.S. supply will run out before new crop. Looking at over 15 he thinks
Sold some corn today 5.45 and put bid option for 5.65 and another at 5.85. So the overnight trading has been hot at 3 in the morning with .30 or so high then shows up the next day a few pennies up...kinda strange...