05-11-2012 09:16 AM
I had a chat with a buyer in eastern Iowa the other day. He says that based on his discussions with his clients, there is a lot of corn in farmers bins. Farmers are busy planting and don't need the money, so they are sitting very tight. He thinks that after beans are planted, old crop corn will start to move and the baiss will widen substantially. Farmers have more and more on-farm storage and are not afraid to lock the door.
He said quality is good and test wieghts are high. He is not seeing any loads rejected for damage.
05-11-2012 01:52 PM
05-11-2012 03:32 PM
Are you talking about an end user, such as Cargill, ADM or such, I can see your point But this guy is a local buyer who reships to the big end users. He'll probably get my corn in the end, anyway, and I do enough business with him that if he misrepresented the facts and I caught on, it would cost him my business. So, what his benefit by lying to me?
05-11-2012 09:45 PM
Jim, Maybe he has corn already contracted to someone else and doesn't have enough to cover himself.