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Post by HighCotton on May 22, 2011 21:03:03 GMT -5
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Post by kirch86 on May 22, 2011 21:46:39 GMT -5
if it holds out. . . It seems like it has really jumped since around last harvest until now.
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Post by lymanl3 on May 22, 2011 21:56:48 GMT -5
get ready fellas...your habitat is about to be dozed over.
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Post by tenring on May 23, 2011 3:40:22 GMT -5
And food prices will jump up even more.
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Post by drs on May 23, 2011 5:08:33 GMT -5
And food prices will jump up even more.  |
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Post by parrothead on May 23, 2011 6:05:46 GMT -5
If they can get any planted this year. I have yet to see one farmer in the field around me. The newspaper said they have a couple more weeks to get corn out last week.
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Post by hornharvester on May 23, 2011 7:19:01 GMT -5
After another big rain last evening and the 6" we got Saturday night it will be quite a while before any corn is planted here. Lot of the fields here still have standing water in them. h.h.
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Post by freedomhunter on May 23, 2011 8:11:12 GMT -5
all of a sudden some of these poor farmers are becoming grain futures traders  , I've never seen so much habitat cleared as I have this year, sad |
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Post by firstwd on May 23, 2011 8:43:05 GMT -5
I haven't looked into the market lately, but is that elevator grain or grain futures? If the farmers don't have a stock at the farm, then elevator prices are only going to benefit the elevators. If it is futures, then the only way the farmer can hope to benefit is the corn production is as bad as the speculators are predicting. If production does better than the predictions then the farmers are once again on the losing end. In either case the consumers will be paying a higher price. The same is happening in the beef industry. There is currently a large sell off happening in Texas and the central plains states because of the severe drought they are experiencing. Since it takes such a long time to move beef through to market the price will jump and remain up and the corn prices going so high will only help to keep beef prices high.
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Post by hornharvester on May 23, 2011 8:45:23 GMT -5
Anyone want to buy a corn burner cheap.....  ?  h.h. |
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Post by kevin1 on May 23, 2011 14:37:38 GMT -5
This is very bad for the consumer, corn is probably the single most important and utilized grain in the US food stream, along with the staggering number of side products that come from it.
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Post by HighCotton on May 23, 2011 17:49:22 GMT -5
I haven't looked into the market lately, but is that elevator grain or grain futures? If the farmers don't have a stock at the farm, then elevator prices are only going to benefit the elevators. If it is futures, then the only way the farmer can hope to benefit is the corn production is as bad as the speculators are predicting. If production does better than the predictions then the farmers are once again on the losing end. In either case the consumers will be paying a higher price. The same is happening in the beef industry. There is currently a large sell off happening in Texas and the central plains states because of the severe drought they are experiencing. Since it takes such a long time to move beef through to market the price will jump and remain up and the corn prices going so high will only help to keep beef prices high. Good points. Basically, Spot price on corn is ranging around $7.50 to $7.70 per bu. in Indiana and New price is $1.00 to $1.50 lower. I played the market for a number of years (Grain futures/contracts, metals, Options - puts and calls, etc.) and it was great when you made money but it could rip your heart out with a lot of sleepless nights, hedging on the steep side!!! With international speculation coupled with the risks on the internet, I gave it up. The market has become too complex and risky for me. For now, I'm putting most of my money in guns, gold and mototrcycles (other than some retirement funds). But I still like tracking the CBOT (grain prices and futures) now and then. |
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Post by tickman1961 on May 24, 2011 12:28:59 GMT -5
Fuel prices, equipment and fertilizer costs increased as well gentlemen, and mother nature could ruin the crop, most of them are not going to be lining their pockets with gold.
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Post by Deleted on May 24, 2011 14:54:28 GMT -5
...........most farmers today carry crop insurance. I know all the ones I hunt on do. With that and govn. subsidies and the whole area getting disaster relief, I doubt many of them will loose much money this year. Still time to plant beans as well.
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Post by evolutionsthunder on May 24, 2011 18:28:48 GMT -5
alot of the fields around here have been planted with some already coming up and the ones that arent are getting worked hard.
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Post by hornharvester on May 25, 2011 8:17:41 GMT -5
It will be a while for planting starts here in Huntington county. We had another round of bad weather Monday night. A tornado was spotted 4 miles from my house. It hailed about 15-20 minutes with hail being the size of marbles. That pretty much wiped out my garden. It rained all night again. Ive got water standing in my yard right now. These storms have been training right over us for the last 2 weeks with more predicted today. In the last two weeks we've got around 10" of rain with 6" at one time. When farmers do start planting here it will be soybeans. h.h.
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Post by 76chevy on May 25, 2011 8:21:30 GMT -5
corn is in nearly every product at the grocery store....prices are going up!
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Post by speckle on May 25, 2011 8:22:34 GMT -5
We have 600 acres of corn planted and about 300 to go
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, I've never seen so much habitat cleared as I have this year, sad
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