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February corn price. #6767711
02/12/20 01:50 PM
02/12/20 01:50 PM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline OP
trapper
run  Offline OP
trapper
R

Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
$4.80 for corn Harrisonburg,VA. $1 basis. Bryce, do you mind doing a market report? I enjoy reading your market reports. Thanks.


wanna be goat farmer.
Re: February corn price. [Re: run] #6767727
02/12/20 02:13 PM
02/12/20 02:13 PM
Joined: Jan 2018
Posts: 712
Southern Il.
B
Bowwhitetail Offline
trapper
Bowwhitetail  Offline
trapper
B

Joined: Jan 2018
Posts: 712
Southern Il.
Currently 4.13

Re: February corn price. [Re: run] #6767790
02/12/20 03:00 PM
02/12/20 03:00 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
trapper
danvee  Offline
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
Wow tariffs are working!

Re: February corn price. [Re: run] #6767943
02/12/20 05:09 PM
02/12/20 05:09 PM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline OP
trapper
run  Offline OP
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Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
I'm bumping it up for Bryce.


wanna be goat farmer.
Re: February corn price. [Re: run] #6767964
02/12/20 05:33 PM
02/12/20 05:33 PM
Joined: May 2009
Posts: 15,523
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 15,523
Champaign County, Ohio.
Here, Corn is $4.03, Soybeans $8.87 and Wheat, SRW $5.57. I have around a months worth of corn stored for my feed needs, maybe a little more.

Keith

Re: February corn price. [Re: KeithC] #6767987
02/12/20 06:07 PM
02/12/20 06:07 PM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
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Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
Below are our current cash bids or prices at the local elevator.


Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
383'0s
@C0H 0.00
3.83 02/12/2020 1:19:00 PM CST
3'2
History New Crop 2020
393'0s
@C0Z -0.60
3.33 02/12/2020 1:19:00 PM CST
1'0

SOYBEANS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
892'4s
@S0H -0.65
8.28 02/12/2020 1:19:00 PM CST
7'6
History New Crop 2020
921'2s
@S0X -0.80
8.41 02/12/2020 1:19:00 PM CST
2'0

WHEAT
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
547'4s
@W0H -0.50
4.98 02/12/2020 1:19:00 PM CST
5'4
History New Crop 2020
549'0s
@W0N -0.65
4.84 02/12/2020 1:19:00 PM CST
4'2

OATS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
304'0s
@O0H -0.14
2.90 02/12/2020 1:19:00 PM CST
4'6

709 Mill Street
Reedsville, WI 54230

P: 800.236.4047 | 920.754.4321
E: info@cvcoop.com

ABOUT
CONTACT US
CAREERS
LOCATIONS
CUSTOMER LOGIN


The CBOT has stayed within 10 cents on corn and 15-20 on beans for about two months now. The trade deal issues have not resolved anything as of yet for grain. Maybe a bit for dairy but the 3 years of below the cost of production have sifted out a lot of cows and now with debt loads high and equities low, banks are not loaning money to expand so that will slow things more for the near term.

The real scary part is if you look at our new crop cash bids for our areas they are 50 cents below current prices. I have not taken the time to sniff out why currently there is that much negativity in the fall market prices. Prices are usually always lower in the fall but in a current slow and low market 50 cents is a lot, Even with a crop that is 1.4 billion bushels below first expectations prices are not moving much and most is due to very current lower demand worldwide and domestically as well. February is the month that growers buy their crop insurance for the new crop. Almost all lenders that fund crop loans require growers to buy crop insurance income protection. Lower prices make insurance a tad cheaper but also makes revenues protection or coverage lower as well. The fact that bean prices are not nearly as low for new crop locally and corn is way down indicates to me that the local elevators feel that even a normal crop of corn say 14 billion bushels or so will result in a lot of carryover.

Bryce

Re: February corn price. [Re: run] #6768068
02/12/20 07:45 PM
02/12/20 07:45 PM
Joined: May 2009
Posts: 15,523
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 15,523
Champaign County, Ohio.
We only have Soft Red Winter Wheat in our area. Where do they grow the Hard Red Winter Wheat at?

They sell tiny bags here of HRW for 81 cents a pound or more. I would like to have a few bushels on hand.

I just ground some HRW Wheat with our Diamont, Denmark made flour mill, so Diane can make bread.

[Linked Image]

Keith

Re: February corn price. [Re: run] #6768118
02/12/20 08:21 PM
02/12/20 08:21 PM
Joined: Dec 2006
Posts: 9,652
ND
M
MJM Offline
trapper
MJM  Offline
trapper
M

Joined: Dec 2006
Posts: 9,652
ND
Ninety five percent of the wheat grown in Kansas is hard red winter (HRW). In fact, Kansas farmers grow more HRW wheat than any other state.


"Not Really, Not Really"
Mark J Monti
"MJM you're a jerk."
Re: February corn price. [Re: KeithC] #6768124
02/12/20 08:29 PM
02/12/20 08:29 PM
Joined: Sep 2012
Posts: 6,117
Northern Wisconsin,Rhinelander
Hodagtrapper Offline
Muskrat Master
Hodagtrapper  Offline
Muskrat Master

Joined: Sep 2012
Posts: 6,117
Northern Wisconsin,Rhinelander
Originally Posted by KeithC
We only have Soft Red Winter Wheat in our area. Where do they grow the Hard Red Winter Wheat at?

They sell tiny bags here of HRW for 81 cents a pound or more. I would like to have a few bushels on hand.

I just ground some HRW Wheat with our Diamont, Denmark made flour mill, so Diane can make bread.

[Linked Image]

Keith


Very nice mill! My wife would love that! How much did it cost?

Chris


>>In God we trust<<
Re: February corn price. [Re: run] #6768131
02/12/20 08:34 PM
02/12/20 08:34 PM
Joined: Jan 2014
Posts: 17,692
Central Oregon
AntiGov Offline
trapper
AntiGov  Offline
trapper

Joined: Jan 2014
Posts: 17,692
Central Oregon
Now here's a Corn field










Report a post club - Non member


Re: February corn price. [Re: run] #6768145
02/12/20 08:46 PM
02/12/20 08:46 PM
Joined: Sep 2012
Posts: 6,117
Northern Wisconsin,Rhinelander
Hodagtrapper Offline
Muskrat Master
Hodagtrapper  Offline
Muskrat Master

Joined: Sep 2012
Posts: 6,117
Northern Wisconsin,Rhinelander
That is quite the track!

Chris


>>In God we trust<<
Re: February corn price. [Re: Hodagtrapper] #6768199
02/12/20 09:30 PM
02/12/20 09:30 PM
Joined: May 2009
Posts: 15,523
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 15,523
Champaign County, Ohio.
Originally Posted by Hodagtrapper
Originally Posted by KeithC
We only have Soft Red Winter Wheat in our area. Where do they grow the Hard Red Winter Wheat at?

They sell tiny bags here of HRW for 81 cents a pound or more. I would like to have a few bushels on hand.

I just ground some HRW Wheat with our Diamont, Denmark made flour mill, so Diane can make bread.

[Linked Image]

Keith


Very nice mill! My wife would love that! How much did it cost?

Chris


I bought that used Diamant D525 grain mill for $202.00, with tax from an online auction. They did not know what it was and poorly described it. They are $1350.00 new, with shipping. It was close to brand new. I was originally interested in using it to make chick starter mash, but upon researching it, found it's considered the World's best hand cranked, machine convertible, flour mill. It weighs 47 pounds.

It is extremely easy to adjust and clean. I have 2 motors I could use with it, but have not yet.

Keith

Re: February corn price. [Re: run] #6768206
02/12/20 09:34 PM
02/12/20 09:34 PM
Joined: Sep 2012
Posts: 6,117
Northern Wisconsin,Rhinelander
Hodagtrapper Offline
Muskrat Master
Hodagtrapper  Offline
Muskrat Master

Joined: Sep 2012
Posts: 6,117
Northern Wisconsin,Rhinelander
Keith that is a great deal! I will have to search a little to see if I can find a comparable model!

Chris


>>In God we trust<<
Re: February corn price. [Re: run] #6768404
02/13/20 12:21 AM
02/13/20 12:21 AM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
trapper
danvee  Offline
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
I know next November I will be voting a different way hope thing work out but not looking like it. Anyone ever try raising hemp I hear its a tough deal to harvest and the seed is tricky if you get any THC you have to scrap your crop. Also thought about sunflowers. Getting to old to change things up though but always thinking.

Re: February corn price. [Re: bblwi] #6768493
02/13/20 07:40 AM
02/13/20 07:40 AM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline OP
trapper
run  Offline OP
trapper
R

Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
Originally Posted by bblwi
Below are our current cash bids or prices at the local elevator.


Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
383'0s
@C0H 0.00
3.83 02/12/2020 1:19:00 PM CST
3'2
History New Crop 2020
393'0s
@C0Z -0.60
3.33 02/12/2020 1:19:00 PM CST
1'0

SOYBEANS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
892'4s
@S0H -0.65
8.28 02/12/2020 1:19:00 PM CST
7'6
History New Crop 2020
921'2s
@S0X -0.80
8.41 02/12/2020 1:19:00 PM CST
2'0

WHEAT
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
547'4s
@W0H -0.50
4.98 02/12/2020 1:19:00 PM CST
5'4
History New Crop 2020
549'0s
@W0N -0.65
4.84 02/12/2020 1:19:00 PM CST
4'2

OATS
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
304'0s
@O0H -0.14
2.90 02/12/2020 1:19:00 PM CST
4'6

709 Mill Street
Reedsville, WI 54230

P: 800.236.4047 | 920.754.4321
E: info@cvcoop.com

ABOUT
CONTACT US
CAREERS
LOCATIONS
CUSTOMER LOGIN


The CBOT has stayed within 10 cents on corn and 15-20 on beans for about two months now. The trade deal issues have not resolved anything as of yet for grain. Maybe a bit for dairy but the 3 years of below the cost of production have sifted out a lot of cows and now with debt loads high and equities low, banks are not loaning money to expand so that will slow things more for the near term.

The real scary part is if you look at our new crop cash bids for our areas they are 50 cents below current prices. I have not taken the time to sniff out why currently there is that much negativity in the fall market prices. Prices are usually always lower in the fall but in a current slow and low market 50 cents is a lot, Even with a crop that is 1.4 billion bushels below first expectations prices are not moving much and most is due to very current lower demand worldwide and domestically as well. February is the month that growers buy their crop insurance for the new crop. Almost all lenders that fund crop loans require growers to buy crop insurance income protection. Lower prices make insurance a tad cheaper but also makes revenues protection or coverage lower as well. The fact that bean prices are not nearly as low for new crop locally and corn is way down indicates to me that the local elevators feel that even a normal crop of corn say 14 billion bushels or so will result in a lot of carryover.

Bryce

Thanks, Bryce. You made my day.


wanna be goat farmer.
Re: February corn price. [Re: danvee] #6768494
02/13/20 07:42 AM
02/13/20 07:42 AM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline OP
trapper
run  Offline OP
trapper
R

Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
Originally Posted by danvee
I know next November I will be voting a different way hope thing work out but not looking like it. Anyone ever try raising hemp I hear its a tough deal to harvest and the seed is tricky if you get any THC you have to scrap your crop. Also thought about sunflowers. Getting to old to change things up though but always thinking.

I have heard good things about hemp. But it's not a CBOT thing as far as I know.


wanna be goat farmer.
Re: February corn price. [Re: KeithC] #6768499
02/13/20 07:54 AM
02/13/20 07:54 AM
Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
R
run Offline OP
trapper
run  Offline OP
trapper
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Joined: Dec 2013
Posts: 14,804
Greene County,Virginia
Originally Posted by KeithC
We only have Soft Red Winter Wheat in our area. Where do they grow the Hard Red Winter Wheat at?

They sell tiny bags here of HRW for 81 cents a pound or more. I would like to have a few bushels on hand.

I just ground some HRW Wheat with our Diamont, Denmark made flour mill, so Diane can make bread.

[Linked Image]

Keith

I like your flour mill. My brother sells Einkorn wheat online. Shenandoah Homestead supply. It's not cheap but if ancient grain is your thing, he will gladly sell you some.

Last edited by run; 02/13/20 07:55 AM.

wanna be goat farmer.
Re: February corn price. [Re: run] #6768662
02/13/20 11:08 AM
02/13/20 11:08 AM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
We have several small growers organizing around here to raise hemp. Big learning curve if you are used to raising row crops conventionally. Need to find processors and they can control the market(s). There are seminars in our area and also some information on the Net you can use to get knowledge and a start. As to the THC there are agency staffs that test the crop and you want that done prior to spending money on harvest etc. as if too high it is destroyed. Most of the commercial production or seed supplies won't reach those levels however. There will be on going research in labs and small plots that will utilize different environmental stress factors to see what may swing THC levels the most or the least. There are several small stores going up in our area that have CBD and Vapping on their signs. Marketing those together to me is not a good way to go. Big changes in cultural practices if you have been a long term conventional farmer. If you are new to the farm production process not so much as you don't have old habits to change. It won't take many acres to flood the market. Also there are millions of acres worldwide that can grow hemp well in small plots where larger scale agriculture is not profitable at current production practices.

Bryce

Re: February corn price. [Re: run] #6768751
02/13/20 12:35 PM
02/13/20 12:35 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
trapper
danvee  Offline
trapper
D

Joined: Mar 2010
Posts: 3,035
wyoming southeast
I saw an news article about a guy in Montana that is doing well going hemp but did state that there are a lot of issues with it.

Re: February corn price. [Re: MJM] #6768756
02/13/20 12:44 PM
02/13/20 12:44 PM
Joined: Mar 2010
Posts: 2,943
South Dakota
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Hydropillar Offline
trapper
Hydropillar  Offline
trapper
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Joined: Mar 2010
Posts: 2,943
South Dakota
Originally Posted by MJM
Ninety five percent of the wheat grown in Kansas is hard red winter (HRW). In fact, Kansas farmers grow more HRW wheat than any other state.

i thought hard red wheat was spring wheat... i didnt know there was a hard winter wheat.


The only place you find free cheese is in a mousetrap !
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