Today, I bought 99.64 bushels of corn, 5580 pounds, at $7.40 a bushel for a total of $737.36.

I bought 2.33 bushels of soft red, Winter wheat, 140 pounds, at $10.24 a bushel for a total of $23.89.

Soybeans were $15.99 a bushel.

Keith

Thank you, Keith C.

Ouch. I may grow a half acre and hand pick it just to raise a couple pigs.

I am going to do a price increase on most of what I sell. I did the calculations back in January and found that my average weekly expenditure on just, feed, food, electric, auto insurance and fuel was $1574.80 a week. It's higher now. I am taking in more than ever on the farm and spending most of it. Money is fast becoming worth less.

Keith

Below are our local cash prices paid to farmers.
When buying from the various mills prices can vary quite a bit depending upon volume, overhead and markup needed to operate.

COMMODITY DELIVERY END CASH PRICE BASIS SYMBOL FUTURES PRICE CHANGE
Corn Apr 2022 6.95 -0.55 @C2N 750'2 3'2
Corn Oct 2022 6.49 -0.60 @C2Z 709'0 4'2
Soybeans Apr 2022 15.47 -0.80 @S2N 1627'0 23'4
Soybeans Oct 2022 13.76 -0.90 @S2X 1466'2 22'2
Wheat Apr 2022 9.24 -1.00 @W2U 1024'2 -12'4
Wheat Jul 2022 9.24 -1.00 @W2U 1024'2 -12'4
Oats Apr 2022 4.50 -2.90 @O2K 767'2 14'6
Chilton
COMMODITY DELIVERY END CASH PRICE BASIS SYMBOL FUTURES PRICE CHANGE
Corn Apr 2022 6.95 -0.55 @C2N 750'2 3'2
Corn Oct 2022 6.49 -0.60 @C2Z 709'0 4'2
Soybeans Apr 2022 15.47 -0.80 @S2N 1627'0 23'4
Soybeans Oct 2022 13.76 -0.90 @S2X 1466'2 22'2
Wheat Apr 2022 9.24 -1.00 @W2U 1024'2 -12'4
Wheat Aug 2022 9.24 -1.00 @W2U 1024'2 -12'4
KIEL

Leave them run free lot of folks are against factory farms anyway and its probably historical range

We don't need free range hogs here.

If they agree to leave my trees and garden alone plus stick close by the farm I'll agree to let them free range.

Corn is $7.90. soybeans are $14.98 Harrisonburg,VA from what I was able to gather. The one website I rely on no longer has prices listed.

Free range hog

Run you are paying almost $1.00 more for a bu. of corn but 50 cents less for beans. You must be in a real corn deficit region.
I bet those huge poultry and pork farms are glad they booked their feed last year. If they did not margins will dwindle. Eggs have doubled here in price in two weeks.
Bryce

I think the roadside eggs are reasonably priced here in Virginia. $2.50 / dozen. Probably going to change soon.

Sold corn this past Monday for 8.13 , July delivery .60 basis. We’re corn deficit , with abundance of poultry. Contracted with Tyson Foods . Have about 10,000 bu left to price of old crop. Tomorrow’s report will be interesting.

John

The eastern shore normally has the highest corn prices generally speaking in my limited experience.

Wheat $10.07 basis -.60
Corn$7.93 +.38
Milo $7.40 - 15
Beans $15.58 -.90

I filled my bin in December it MIGHT be enough to get me to the new crop if I am very lucky. I paid 5.35 at that time if I remember correctly.

The majority of the last 4-6 years the harvest or fall price has been higher or highest which means the market wants the farmers to sell and not store as they can not cover storage costs. This is reverse of decades of price trends. We have two years of adequate to short corn supplies and carryover is likely to be less then 1 billion bushels. If we have even an average year don't look for fall new crop prices to be good deals. Right now with roughly 91-92 million acres projected to be planted to corn, there will need to be a near 180 bu. national average yield to get us up to 1.5 billion carryover or so. That is not out of the question when we think of the fact that 2-3 million of the lower producing corn acres are not planted to corn. Delayed plantings could curb yields. If the drought continues in the western corn belt and it stays drier than normal in the eastern or central corn belt then supplies could get short. If they pass the E-15 then corn will really get expensive.

Bryce