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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 02/12/2007:45 PM02/12/2007:45 PM
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.
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 02/12/2009:34 PM02/12/2009:34 PM
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 02/13/2007:40 AM02/13/2007:40 AM
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 02/13/2007:42 AM02/13/2007:42 AM
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 02/13/2007:54 AM02/13/2007:54 AM
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.
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; 02/13/2007:55 AM.
wanna be goat farmer.
Re: February corn price.
[Re: run]
#6768662 02/13/2011:08 AM02/13/2011:08 AM
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 02/13/2012:35 PM02/13/2012:35 PM