$4.68 for corn. $9.04 for soybeans. Harrisonburg VA, Friday evening, grains.com. earlier in the week I remember seeing $4.70s.

Yellow corn April delivery 3.90
Soybeans April delivery 8.90
These prices are at the close Friday afternoon

Cash Wheat
4.51 03/22/2019


Cash Corn
3.57 03/22/2019

Cash Beans
8.38 03/22/2019

how much is that for???sorry i'm just tryin to learn these numbers.

Change Location
CORN
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
378'2s
@C9K -0.55
3.23 03/22/2019 1:19:00 PM CST
2'0
History NC 2019
400'0s
@C9Z -0.60
3.40 03/22/2019 1:19:00 PM CST
1'2

SOYBEANS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
903'6s
@S9K -0.95
8.09 03/22/2019 1:19:00 PM CST
-6'6
History New Crop 2019
937'4s
@S9X -1.00
8.38 03/22/2019 1:19:00 PM CST
-7'2

WHEAT
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
466'0s
@W9K -0.75
3.91 03/22/2019 1:19:00 PM CST
-0'4
History New Crop 2019
470'6s
@W9N -0.80
3.91 03/22/2019 1:19:00 PM CST
-0'6

OATS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
278'4s
@O9K -0.13
2.65 03/22/2019 1:15:00 PM CST
-2'2



Mine from WI would be per bushel for those 4 commodities.

Bryce

3.62 at new fashion pork.
This feed place is as big as a small elevator, 9-10 semis hauling 1-2 loads of hog food nearly daily, they only make food for their pigs

What is your "basis"?

Flint hills in iowa falls is 3.63 for October corn this morning.

not sure here, most are under water around here

Corn $4.78 April Delivery (+1.00 on 3.785 futures)

Sold last bin of beans 2 weeks ago for $8.80

Don’t grow wheat

CARGILL BLOOMINGBURG
YSB -.0675
Mar @ 8.4675
Oct @ 8.8450
YC +.0200
Mar @ 3.7025
Oct @ 3.75
SRW -.0050
Jul @ 4.6075

Deer corn in October - about $10.

$0.90 basis.
This thread is for anyone that likes to follow corn/ soy prices. Per bushel usually.

Don’t worry pcr2 I’ve been around this my whole life and I still get confused sometimes.

$3.55 corn. $4.05 wheat. Beans are $7.62

$4.67 corn. $9.01 soy Harrisonburg VA Tuesday evening.

Still 3.63 for flint hills October corn and October soybeans 8.14 at new

cash price delivered is 3.31, that is 3.71 minus .40 basis.

$4.47 corn. $8.84 soy Harrisonburg VA. Friday night.

3.48 flint hills corn here.

$4.52 corn. $8.96 soy. Harrisonburg VA.$0.90 basis

We’re up to 3.53 for October corn here.

$4.51 for corn. $8.98 for soy. Harrisonburg,VA

Still at 3.53 probably wont see much movement until the first of may when they know more about acreage and if it’s delayed.

$4.53 for corn. $9 for soy. Harrisonburg,VA.

Delivery Bid Basis Futures Chg Symbol Last Trade
APR 19 3.6325 0.00 3.6325 +2.25 CK19 8:44 AM
APR 19 3.6825 0.05 3.6325 +2.25 CK19 8:44 AM

$4.49 corn $8.88 for soy. Harrisonburg,VA. Tue evening

$4.49 corn. $8.79 soy Harrisonburg,VA. Thur. Morning

Thursday AM Chilton WI


Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
357'6
@C9K -0.55
3.03 04/18/2019 10:33:00 AM CST
-0'4
History NC 2019
385'2
@C9Z -0.60
3.25 04/18/2019 10:33:00 AM CST
-1'4

SOYBEANS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
879'0
@S9K -0.90
7.89 04/18/2019 10:33:00 AM CST
0'0
History New Crop 2019
912'4
@S9X -1.00
8.13 04/18/2019 10:33:00 AM CST
0'2

WHEAT
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
440'4
@W9K -0.75
3.66 04/18/2019 10:33:00 AM CST
-6'4
History New Crop 2019
444'2
@W9N

$4.34 for corn.$8.56 for soy. Harrisonburg,VA

$4.46 for corn. $8.42 for soy. Harrisonburg,VA.

$4.54 for corn. $8.39 for soy. Harrisonburg,VA.

3.49 at flint hills on corn for October.

Hoc confusione !

Even with unfavorable planting weather due to wet conditions and flooding the corn and bean markets have faltered the last trading days due to the politics of the trade talks.
If you are a rural banker in the corn belt and you have a customer that plants say 5,000 acres of corn and beans and he may need about $300-$400 per acre to plant a crop which is 1.5 to 2 million dollars in this uncertain market you may be a bi risk intolerant or want a lot of collateral to back the loan. Especially if you service and area where say 80% of your business are ag loans.

Bryce

Thanks for the market commentary, Bryce.

$4.50 for corn. $0.85 basis. $8.19 for soy. Harrisonburg,VA.

$4.38 corn. $8.04 soy. Harrisonburg,VA.

$4.69 corn. Harrisonburg,VA Fri. Evening $8.22 for soy.

$4.81 for corn. $8.39 soy Harrisonburg,VA.

$4.90 for corn. $0.85 basis. Harrisonburg,VA.

Yesterday, I paid $4.09 a bushel for 106.43 bushels of shell corn, which is 5960 pounds and cost $435.00. They let me keep the 29 cents. I really like our Co-Op. They are close, just over 2 miles and nice people. I just pull up with my truck and gravity bed and they weigh me and tell me what dump to go to. They load me up quick, weigh me again and I pay and am back home in a few minutes.

Depending on the time of year and what I am feeding, 100 bushels of corn lasts 3 1/2 to 5 weeks.

I feed bagged feed and hay too.

Keith

Thanks, Keith.

You're welcome Run.

Keith

$5.18 for corn. $0.85 basis. Harrisonburg,VA.

The market is rising considerably as there is now concern that the 2019 crop will be smaller than anticipated. Here in WI data shows that for every day past mid-May we lose about .75 to 1 bushel per acre per day. We have about 3 million acres of corn for grain so we are already estimated to be off 40-60 million bushels on most of our acres. Beans don't drop so much but later planted beans have many fewer flowers then they start to flower about 11 days after the summer solstice. With Iowa alone with 14 million acres of corn I don't know how much they lose per day and at what point that would be but it may not be as much as their growing window is longer.
The preseason estimate was for a 14-15 billion bushel corn crop which was keeping the markets in the mid $3.00 range in the Mid West. Now it will be speculating as to how much smaller the crop may be.
Farmers in general don't benefit from weather related market rises because in most cases yield loss more than eats up the higher prices.
The administration has authorized a huge farmer relief package which we will see how it deployed and when.

Bryce

Thanks, Bryce for the market commentary.

I have heard planters running all last night and all day here so far. There's a constant low rumble from 3 directions. The field across the street from me, has not yet been touched.

Keith

We are seeing spotty planting. We will have lots of fields that will get planted two maybe three times this spring or summer. Much of the better alfalfa that held up well this winter is scheduled to be cut the first full week of June. A lot of things will be happening on farms around here when all of that merges together.

Bryce

$5.22 corn. $0.85 basis Harrisonburg,VA.

$4.95 for corn. Harrisonburg,VA

$5.33 corn, Harrisonburg,VA. $8.94 soy.

Delayed planting is now figuring into the market considerably. We will now need to wait to see what the July crop report indicates about acreage planted. That will be the first real rough estimate of 2019 crop size. Politics will also impact prices considerably if our dollar stays as strong as it is now and the tariff stuff is not resolved a smaller crop may meet a smaller demand. In any case the market will most likely roller coast a few times as the speculators respond to news, conditions and reports etc. In our area due to weather issues we have very high forage and hay prices, bedding prices and now soybean (protein) and corn are rising which will eat up the increased milk prices as feed costs are 55% of making milk. For those following the markets you can see the inverse relationship between corn and beans and beef and pork. As feed cost rise the price buyers pay for feeder steers and pigs drops as they need to make a profit along with the lack of markets being iffy.


Bryce

I agree with the high feed and bedding costs being pretty ridiculous.

Dairy quality dry hay here 2nd and 3rd cutting is up to $300 per ton. Average 1st cutting is $180 plus or minus. Straw is used in high corn silage dairy rations here so the clean no mold straw is $140 plus per ton with short wheat crop on the horizon. Not good weather for making dry hay here so that market looks strong.
Corn prices here cash bid have come up $1.10 per bushel in the last 6-8 weeks with the basis now half of what it was then so there is concern for the volume of crop for our area. Beans are only up cash bid here about 60 cents which means that the local market is not too worried about having enough protein and basis is still almost 80 cents.
I am planning to sell my small 3 cows with calves and a heifer this summer and with high forage concerns not much interest in the cows. They will give me $300 for a two week old bull calf but barely cull cow price for the cows.

Bryce

$5.38 corn. $8.97 soy. $0.85 basis on the corn. Harrisonburg,VA.

$5.35 corn. $0.85 basis Harrisonburg,VA.$9.13 soy.

$5.33 corn. $0.85 basis. $9.04 soy Harrisonburg,VA.

Cash basis here is $4.10 with 35 cent basis. Beans are $8.14 with a 75 cent basis.
One issue that is cropping up here (pun intended) is that seed like sorghum-sudan and oats are very hard to find as many would plant these crops on their prevent planted acres and harvest for forage later as the USDA is allowing that his cropping season. With a lot of corn and beans going in late here what we really don't want or need is a hot dry July as the small plants will have minimal root mass and shallow as well which can lead to very poor yields and growth.
With wet fields a lot of forage harvest is really delayed and thus much lower quality and that means buying more protein during the next feeding season. With record dairy cull rates, record dairy exits and now questionable feed volumes and qualities for much of the Mid West milk production is dropping and will continue to drop more rapidly in the coming months. That will raise prices and maybe considerably but the last 3 years have created a huge hole for many in the dairy industry. Many are gone by choice, Wisconsin leads the Mid West if not the nation in farm bankruptcies and foreclosures and many that are staying have seen significant equity erosion.
Bryce

Thanks for the update, Bryce.

Bryce, I heard on the radio a few areas of the country can plant corn as a cover crop on prevent plant acres as long as it’s taken for silage. We can’t here, but it might be worth checking into for guys that can’t find sorghum seed.

Yes I heard that Sunday and it looks as if our area will qualify. The reason many did not want to do a row crop is it requires more money for weed control and tillage etc. July planted corn can make good silage with a normal July, August and a warmer than normal September. It does not work as well in the northern portions of WI as we start getting a lot of 40 degree nights in August north of Wausau and corn needs 50 degrees on the lower end to get the GDUs.
Our UW Extension specialists are drafting letters to send to the USDA and RMA in hope that this will help with getting corn and soybeans being able to be utilized for cover crops. The bio engineered corn can't be used as a cover crop so conventional or bin run corn will and can be utilized. Also many will probably use twin row or narrow row or even grain drills to get faster canopy and lower weed issues. Soybeans harvested for forage at the R 6 stage of growth typically have nutrient values similar to average 1st cutting legume forages and can yield about 1.7 to 2.2 tons of dry matter per acre which is like a typical 1st cutting here.

Bryce

What is your cost per acre to plant beans on leased land?

What was the price of beans before President Trump put the tariffs on China? Not 10 minutes before when he had been talking about it. What is the price now? Was the sky really falling or did they just think it was going to.

Below is the board of trade soybean prices for the last 5 years.
Tariff talks were hyped in mid 2108 and again in late spring of 2019 and one can see the market responses.
We were seeing a trend up in late 2018 early 2019 as farmers indicated more acres into corn based on anticipated prices with corn being more profitable. We can also see a small rally lately as weather is creating a market change but more so in corn than beans as corn exports are a smaller percentage of sales for corn than beans.

https://www.macrotrends.net/2531/soybean-prices-historical-chart-data

Bryce

$5.29 corn. $8.96 soy. Harrisonburg,VA. $0.85 basis.

Has the talk of economic relief because of the tariffs ended, or will billions still be paid out? Do the saw mills get anything because of the price drop in some of the hardwood lumber?

I believe that the stated price of $1.25-$1.50 per bushel to growers for their soybeans should be evidence enough that the discussion on trade led to significant reductions in soybean prices. Compare that to corn which was .02 cents per bushel and all the the other crops and other products that received none. So yes that is political subsidization as much or more so then economic and it appears to be continuing with the 2019 16 billion dollar farm subsidy efforts being worked out now. With yield based subsidies, there will be a lot less pay out this year as yields will very likely be much lower and with prevent plant aces none at all.

Bryce

$5.02 for corn. $0.90 basis. $8.86 soy. Harrisonburg,VA.

USDA June crop report is out early and it shows that the projected corn acres planted was to be 92.8 million acres which is now lowered to 89.2 million acres or a drop of about 3.6 million acres. The projected yield is set for 166 bushel per acre which is about 8 below last years average. This report is creating a mni run for the corn market. If it stays too wet the yield projection will drop. If it gets hot and dry the yield projection will drop, so a moist but normal late summer and a longer fall are needed to bring home the now estimated 14.9 billion bushels which is a big crop. The guess now is how much might we lose due to weather? 1 billion bushels 500 millions bushels etc.
July report is usually the key report but may not be this year with all the delays.

Beans are not gaining much from the report even as yield projections drop and acres planted drop. The reason. With trade and tariff issues we are likely to have a billion bushel carry over for beans. Our typical crops are about 3.4 billion bushels so a carry over of 30% is huge. It looks like beans will gain some subsidies and corn will not.

Bryce

$5.22 for corn. $0.90 basis. $8.83 for soy. Harrisonburg,VA.