This doesn't sound good

oldtanker · Jul 4, 2014

:shock: :shock:

From the news.

http://www.bloomberg.com/news/2014-...-for-biggest-ever-u-s-harvest.html?cmpid=yhoo

Hope no one here was counting on high corn prices this year. That or the report is wrong.

Rick

retired farmer · Jul 4, 2014

Food prices around here certainly didn't fall any in June. Just came from the store a few minutes ago two hundred and thirty dollars lighter in the pocket book. Used to spend a hundred and twenty five for the same amount of food.

jennifer408 · Jul 4, 2014

sure couldn't tell by looking around here in ca, usually the only time you see corn growing in my parts is when corn is sky high.

gene bender · Jul 4, 2014

But not a bushel in the bin yet

Joe Blackeby · Jul 4, 2014

Howdy, two words: Term Limitations
It's our only chance.
JoeB

Dachshund · Jul 4, 2014

Good. Corn is too high the way it is.

Dan T in MO · Jul 4, 2014

Yep. I picked up a 1/2 ton of hog feed yesterday and was charged $4 less than I had been getting charged. Still puts a hurt in the wallet, but it's getting easier to breathe.

Alan K · Jul 4, 2014

My uncle used to say that too, it isn't a bumper crop until it is in the bin. My dad was always amazed how the grain companies could "find" a few million bushels somewhere as to the reason why the price was going down.

CenTex Farmall · Jul 4, 2014

The article talks about several high crop yields. Now all the starving people will be fed and we can burn ethanol in the car for pennies a gallon.

JD Seller · Jul 4, 2014

The crop is not in the bin but the odds are real good for a good crop. There is no better cure for high prices than high prices.

Too many corn growers think that they will not have the same "low" price as everyone else.

How many have forward contracted or price protected their crop with options??? The better operators will have and many will not have.

There will be lower prices. The real issue is who will have a cost of production lower than what the crop will gross. Many will be looking at big losses per acre, with more than one year of lower prices.

Crop insurance will only save them for one year.

IT will be interesting to see how guys with multi year contracts for $500 per acre cash rents will pay the rent with $4 corn.

Dr. Walt · Jul 5, 2014

Look at History - 1700's they were paying Pirate
prices.

Buccaneer: A hell of a price to pay for Corn.

LOL !

:>)

Traditional Farmer · Jul 5, 2014

So much for all the "experts" a couple years ago that were saying corn would never drop in price as its "Different this time"? One thing that never changes is when prices go high there is always a group saying "It'll be different this time" and they are always wrong.Same with cattle prices now the old arguments about low cattle numbers and demand etc etc will keep prices high forever cause "Its different this time" Of course they'll be proven wrong but a lot of suckers buying $2000 cows will be sucked in.

oldtanker · Jul 5, 2014

(quoted from post at 04:12:26 07/05/14) So much for all the "experts" a couple years ago that were saying corn would never drop in price as its "Different this time"? One thing that never changes is when prices go high there is always a group saying "It'll be different this time" and they are always wrong.Same with cattle prices now the old arguments about low cattle numbers and demand etc etc will keep prices high forever cause "Its different this time" Of course they'll be proven wrong but a lot of suckers buying $2000 cows will be sucked in.

Very true. People will be buying cows like mad trying to get in on current prices until they flood the market again. And it's the same with people rising grain. Planting this year what was the best money maker last year. I've talked to a couple of guys who have put up bins and are holding out for better prices but they will hit a point where they have to sell, or put up even more bins............

I didn't even think about the 500 buck rents. I was thinking just the inputs.

Speaking of that, a friend I mentioned on here before, has decided that he is taking his 1/2 of the farm out of CRP this fall and is going to make a killing on corn. Really sandy soil that's been in CRP over 30 years. And he doesn't own any equipment. Just a Ford 8N for mowing. I'm going to watch and see what he really does.

Rick

jm. · Jul 5, 2014

Got at least 60% of this years crop contracted at $5.15 so we will average out on what we have to sell is we sell any out of the field. We are located within 20 minutes of one of the top pork producers in the nation and not far from a large wiskey maker so corn tends to stay .15 cents or better than cbt. This years crop looking pretty good but is 2 weeks late so still possible for hot weather to curtail the end. Like you say never know till the money is in hand.

paul · Jul 5, 2014

Crops are aweful in my part of Minnesota, but across the corn
belt it sounds like a big good crop out there.

Don't suppose the low corn prices will make you like ethanol
fuel any better tho....

Paul

wilson ind · Jul 5, 2014

At least haven't heard the term bin buster. Never
understood why anyone would use that term. As a
millwright and been around bins that did burst I
will say it ain't purty!!!!

Frank 41 · Jul 5, 2014

The satellites and already told the monied people what we have planted and the population. But they can't tell what we have raised until the farmers brag about it in the elevator and other places. When it is too late, we find out what we have for a total crop.

oldtanker · Jul 5, 2014

(quoted from post at 07:51:10 07/05/14) Crops are aweful in my part of Minnesota, but across the corn
belt it sounds like a big good crop out there.

Don't suppose the low corn prices will make you like ethanol
fuel any better tho....

Paul

Paul when they PAY me to run E10 then I'll like it. But at least give me the choice. That's my biggest gripe. I want to decide, not have the government do it for me.

Crops are looking OK here but there are a few fields around that are part way under water.

Rick

This doesn't sound good

oldtanker

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retired farmer

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jennifer408

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gene bender

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Joe Blackeby

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Dachshund

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Dan T in MO

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Alan K

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CenTex Farmall

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JD Seller

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Dr. Walt

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Traditional Farmer

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oldtanker

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jm.

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wilson ind

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Frank 41

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oldtanker

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