It's been a while.
#6572691
07/12/19 07:14 PM
07/12/19 07:14 PM
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Joined: Dec 2013
Posts: 14,803 Greene County,Virginia
run
OP
trapper
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OP
trapper
Joined: Dec 2013
Posts: 14,803
Greene County,Virginia
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Corn prices are coming up pretty nicely. $5.48 for corn. $9.07 soy. Basis is $ 0.93. Harrisonburg,Virginia. The corn/ soy producers should be happy.
wanna be goat farmer.
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Re: It's been a while.
[Re: run]
#6574214
07/15/19 09:34 AM
07/15/19 09:34 AM
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Joined: Dec 2010
Posts: 34,751 Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,751
Central, SD
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With the plains being flooded early this year the harvest should be down, crops here are pretty hit and miss and lot was planted way late so that might end up being feed for the cattle. The corn is ankle high in some places and knee deep in other places, some fields had both heights in the same field even.
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: It's been a while.
[Re: run]
#6574257
07/15/19 11:09 AM
07/15/19 11:09 AM
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Joined: May 2016
Posts: 3,491 Southern Illinois
Foxpaw
trapper
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trapper
Joined: May 2016
Posts: 3,491
Southern Illinois
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I've seen some wet years in my time and one has the feeling if its flooded on me then its flooded every where. But almost always the old saying "Rain Makes Grain" holds true. But it looks as if with all the flooded acres and prevented planting acres its going to have an impact.
Last edited by Foxpaw; 07/15/19 11:11 AM.
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Re: It's been a while.
[Re: bblwi]
#6575186
07/16/19 08:51 PM
07/16/19 08:51 PM
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Joined: May 2016
Posts: 3,491 Southern Illinois
Foxpaw
trapper
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trapper
Joined: May 2016
Posts: 3,491
Southern Illinois
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Have been trying to find the reason the corn, bean and wheat markets have dropped for three days in a row, corn is down about .25, beans .40 and wheat about like corn or a bit less. Could be a short term correction for the last 6 weeks rise. Lot of farmers here like to lock in there corn needs for their herds and in this market that gets tough with milk prices still borderline break even. The price of corn and beans impacts almost all of the by-product commodities as well so it gets tricky when things are moving up and down like they are now.
Bryce Well this is just theory and mine at that. But the commercials buy a lot of contracts. When you or I buy 1 or 2 contracts we don't even move it off the tic. But when someone puts in huge orders they don't always get their fill without making the price go up (if buying) so they cool it til some other possibly hedger or speculator is willing to bet the price will go down then try to buy under the market and they want the price to go down so they can get their buy orders filled. The speculator that's just shorted wants it to go down and he may just be day trading and he is going to buy before the close. They help keep things liquid so people get their fills. Sometimes the big guys will just sell or buy a good amount just to see how the market absorbs it, and make their decisions on that. Many esp. smaller fundamentalist don't get too technical and just buy or sell and hang on and if it goes against them will just answer the margin calls and ride. Most are speculators 1st hedgers 2nd. So if it gets too bad at least they are covered by some solid goods or need. The market has to move back and forth or the big lots can't get theirs fills at a price they like. The big commercials do their own crop surveys and don't have to rely all on gov reports. Used to the pig reports always showed how little the gov knew. Of course due to great powers from above there is no longer a live hog market. When a market makes its resistance from short covering then its weak or if it makes its support by long covering then its weak. The covering phase causes the market to feed on itself, and such fundamentals as weather and demand can be the spark that sets off that unraveling. And to close, gambling can can be disastrous for the loser and great for the winners. Its the houses job to convince the producers to hedge their products and faithfully pay those margin calls. Its for the producers protection (high insurance sometimes)and the commercials get to trade their crops without even owning them. So maybe a little rant. I do love to talk markets and do not mind debate in any way, I realize its way bigger than me.
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Re: It's been a while.
[Re: run]
#6579276
07/22/19 08:30 PM
07/22/19 08:30 PM
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Joined: Dec 2013
Posts: 14,803 Greene County,Virginia
run
OP
trapper
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OP
trapper
Joined: Dec 2013
Posts: 14,803
Greene County,Virginia
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Corn $5.16. $0.93 basis. $8.88 for soy. The excitement is building. Harrisonburg,VA.
Last edited by run; 07/22/19 08:31 PM.
wanna be goat farmer.
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