Marketing

[Farmerjoe79]

That corn could go over 10$ a bushel this summer. I have never had so many grain buyers call me up and say if you think you are going to sell your corn give me first opportunity to buy it. It is only march and I have never seen anything like this before.

[ND Farmer 1]

Come to N Dak., seems like everyone has 50 per cent or more of the 2012 corn left to market. Right now we can get 6,60 at the local CHS elevator.

[rswfarms]

Farmerjoe79- yes, come to Northern Iowa, I too have never had the corn buyers/sourcing guys call me as much to buy corn as they have in the first week of March/2013. Not even as much as the 1988/89 drought year, this SHOULD BE telling us something I believe. It just HAS TO BE TELLING US SOMETHING!!!!!!!! If not this, then the current excellent, and I mean excellent basis levels.

[rswfarms]

And for you older guys, you know how bad the 1988/89 drought was!!!!!

[rayjenkins]

It's pretty simple.....all those phone calls are being made because it is the farmer who is holding the bulk of the ownership of the remaining corn supply.....commercial grain businesses have been selling all along because basis was very strong and the market lacked carry in the board they could capture by rolling out their hedges....

they are talking to the folks who have the corn......if it was the other way around, your phone would not be ringing....

most of those phone calls are counter-productive......when you get that call, it just makes you even more bullish than you were....

human nature

[Farmerjoe79]

Ray do you usually call a guy on Saturday to buy corn? It seems a little fishy to me.

[Farmerjoe79]

Ray were do you see the prices for old crop corn going? Do you think 10 is a pipe dream.

[clayton58]

Sound like the guys with corn in the bins are in the drivers seat... Till the first one blinks

[roarintiger1]

I'm pretty sure Ray, or anyone else that buys corn doesn't want to see $10 corn.   

[rswfarms]

Farmerjoe79- i am not Ray, as to who you referred  to in your post. I believe this really makes no difference to your post anyway.I am thinking $10 corn would be very agressive for corn and certainly a $10 price would bring in a very severe retioning schedule for vorn. In fact, $10 corn rationing is completely UNCHARTED TERRITORY FOR US GUYS. Anybody have any thoughts/ideas on this conpleteing NEW TERRITORY FOR CORN PRICES? As for me, I have no ideas at all.