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Senior Contributor
Farmerjoe79
Posts: 388
Registered: ‎04-02-2012
0

I got a hunch

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.
Frequent Contributor
ND Farmer 1
Posts: 33
Registered: ‎09-26-2011
0

Re: I got a hunch

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.

Senior Contributor
rswfarms
Posts: 1,377
Registered: ‎12-17-2012
0

Re: I got a hunch/Corn Price in 2013/Farmerjoe79

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.

Senior Contributor
rswfarms
Posts: 1,377
Registered: ‎12-17-2012
0

Re: I got a hunch/Corn Price in 2013/Farmerjoe79

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

Advisor
rayjenkins
Posts: 606
Registered: ‎05-13-2010
0

Re: I got a hunch/Corn Price in 2013/Farmerjoe79

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

Senior Contributor
Farmerjoe79
Posts: 388
Registered: ‎04-02-2012
0

Re: I got a hunch

Ray do you usually call a guy on Saturday to buy corn? It seems a little fishy to me.
Senior Contributor
Farmerjoe79
Posts: 388
Registered: ‎04-02-2012
0

Re: I got a hunch

Ray were do you see the prices for old crop corn going? Do you think 10 is a pipe dream.
Senior Contributor
clayton58
Posts: 284
Registered: ‎05-13-2010
0

Re: I got a hunch

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

Veteran Advisor
roarintiger1
Posts: 1,430
Registered: ‎04-29-2011
0

Re: I got a hunch

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

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Senior Contributor
rswfarms
Posts: 1,377
Registered: ‎12-17-2012
0

Re: I got a hunch/SEVERE RATIONING

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.