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Veteran Contributor
bullrider685114
Posts: 95
Registered: ‎03-14-2011
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Corn/Soybean yields straight off the combine. WC Indiana

Liston to the noise CBOT....The reality is Corn will be short as well as Soybeans.  Corn so far 80-145 bu/A Soybeans 25-55 same field. 5 year average for this farm corn 207, Soybeans 61. As you can see we have taken a hit. This is out my backdoor of course. But it gets no better east,west, north or south. Seal the bins and let em beg!

Frequent Contributor
nwiafmr
Posts: 57
Registered: ‎11-26-2010
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Re: Corn/Soybean yields straight off the combine. WC Indiana

Combined a 10 acre field of soybeans yesterday.....moisture a little high yet at 13.5, yielded 46 bushels per acre over the scale.   A little disappointing, this 10 acres two years ago in soybeans yielded in the low 60s.    If weather forecast for the rest of September is accurate we will have the third driest September on record.    Precipitation for August totaled .35 in four rain events.

Senior Contributor
jec22
Posts: 420
Registered: ‎06-03-2010
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Re: Corn/Soybean yields straight off the combine. WC Indiana

I don't think we are trading yields, we are trading economy.  Do I think there are problems, yes.  But some things aren't making sense.  Rail, UPS and Fed Ex all report that the US business is good.  Are the problems being exaggerated for some reason? 

 

Does crisis equal control?  I mean, all these daily rants about the economic woes are getting old.  Either fix it or shut up.

 

 

So. IA
Veteran Contributor
sonoma72
Posts: 122
Registered: ‎05-13-2010
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Re: Corn/Soybean yields straight off the combine. WC Indiana

We are trading economy, that is true.  Does it matter, yes it does.  Here is a little article...  http://zerohedge.blogspot.com/2009/04/observations-on-us-debt.html

 

What does this article show, if anything, besides the fact we are in debt up to and beyond our eyeballs?  that we really don't know what is out there as far as debt/leverage goes, and that is why the market is nervous, they don't even really know, because you have a plethora of people like the UBS trader who have done things that "nobody" knows about, yet...   The other point I would make about the supposed "health" of u.s. corporations is, look at their debt, and then look back at their cash on hand, the cash doesn't look so impressive then.  If a farmer has 1 million in working capital and 10 million of debt, what does that mean?  A final point, i heard this morning that greece has less than 10% recovery on a liquidation.  So in Bankruptcy terms, the creditors will get back less than ten cents on the dollar, a total fiasco, and that pretty much sums it up, except we don' t know how many greeces there are.

Senior Contributor
highyields
Posts: 792
Registered: ‎06-04-2010
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Re: Corn/Soybean yields straight off the combine. WC Indiana

I think you hit the nail on the head with the control factor.   Its a way of keeping interest super cheap,  Why they want this is beyond me.  I heard that there are some big banks in the US that are holding a lot of Greek Debt,maybe thats why? 

 

Someone tell me how these governments thought they could spend and tax and spend some more and get by with it,  Then ship all the jobs else where.  I was told that it isn't the labor cost that pushes companies away from the US, its the corporate tax rate, which is one if not the highest in the world.  

 

A country needs jobs.   not just mowing yards either, technology, industry, 

 

The space program was a great industry,   Lots of new ideas that spread to the rest of the economy,

 

All this green economy business I was reading that one wind turbine plant has to shut down because of cheap imports from China.  

 

I'm with jec22, Fix it OR let it go,   we don't need to hear about it everyday about how bad it is.  



Senior Contributor
jec22
Posts: 420
Registered: ‎06-03-2010
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Re: Corn/Soybean yields straight off the combine. WC Indiana

The latest 'twist' by the fed effecting interest rates seems to be a back door policy to work on the housing problem. 

Short term mortgage loans may soon start with an interest rate with a 2. 

 

The reason we aren't fixing anything, everyone wants to protect his own and let the other guy take the hit.  Bernacke's whining tells me the investment banks are going to be the ones that can't be protected any more.  Which means a lot less money for equity trades and what all else remains to be seen. 

 

It is a strange world indeed when IA farmers are bragging about 190 bushel corn.

 

 

 

 

 

So. IA
Frequent Contributor
JohnQ
Posts: 53
Registered: ‎09-16-2010
0

Much better than expected here (ECIL)


bullrider685114 wrote:

Liston to the noise CBOT....The reality is Corn will be short as well as Soybeans.  Corn so far 80-145 bu/A Soybeans 25-55 same field. 5 year average for this farm corn 207, Soybeans 61. As you can see we have taken a hit. This is out my backdoor of course. But it gets no better east,west, north or south. Seal the bins and let em beg!


If you go west a bit it gets better (at least in our area). We had virtually zero rain in July and August too. Expecting 140ish corn, seeing 170's and 180's. Expecting maybe 40 bushel beans at best and are seeing 50's. How I'm not sure. Everyone's pretty much amazed. Still a LONG way off of our normal expectations but a ton better than we thought we were going to see this year.

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vrbuck
Posts: 858
Registered: ‎05-13-2010
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Re: Much better than expected here (ECIL)

Typical cry wolf Illinois farmer.  You guys wouldn't know what to do with a real drought.

Veteran Advisor
Nebrfarmr
Posts: 6,808
Registered: ‎10-25-2010
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Re: Corn/Soybean yields straight off the combine. WC Indiana

I might argue that the Fed is keeping interest low, because if some interest rates rise, they all rise.

Punch in the debt the US government owes, and calculate the interest at 8 or 9%, or more, and tell me, do we have enough money to ever pay it back?

The government has 18 trillion debt.  At a nice round 10% interest, it comes to 1.8 trillion dollars in interest payments alone.

http://www.usgovernmentrevenue.com/

 

According to the link above, the government gets in about 4.4 trillion a year. 

See how a sudden spike in rates would be disasterous?

 

Frequent Contributor
JohnQ
Posts: 53
Registered: ‎09-16-2010
0

Re: Much better than expected here (ECIL)

I wasn't crying wolf. When you have no rain for two months that are crucial to the crops one does have to wonder what the outcome will be. Haven't seen such a long period of dry and heat here in a long time.

 

There's a reason our ground is close to 10K an acre. Virttually ZERO rain all of July and August. Hot as hell too. Last time it was this bad was in '88. In 88 our yields were MUCH worse than this year. Guess genetics are doing a lot more than many like to give them credit for.