10-06-2011 12:06 AM
agree, good chance. Supply is not going to be a problem for a while. Economics stable, we will be there.
And wheat may be the booster rocket that takes us back there.
Dirt blowing in SW for the first of many days this winter.
Mizzou, If u got any say in the matter, stay with us. We have enjoyed the state line war for a life time. Hate to loose a good competitive neighbor,---------I miss the old big 8.
10-06-2011 07:25 AM
I agree that corn will have a 7 infront of it next year I just think later in the year. I think that they will come up with a magic number of planted corn acres over 93.5 for next year. Dollar is gonna hold this thing down till after memorial day. Lows will be around valentines day.
10-06-2011 07:50 AM
The script of the last 6 years is that USDA's March 1 planting intentions number is small ( it is a made up number and it is reasonable to say that we NEED a lot of corn acres so don't overshoot it) which then creates a rally to pull in acres.
Then we find out that farmers ACTUALLY DID respond to that price and everyone is mad.
So my advise would be that next time- if there is a next time- sell it,
10-06-2011 08:03 AM
I've always loved "Ifs"...and it doesn't have anything to do with the price of corn on April 1st...But my favourite has always been, "If a frog had wings he wouldn't whomp his ass every time he jumps"...
10-06-2011 08:05 AM
I wouldn't say if, more like when. Doesn't anyone remember all the flooding last spring or all the prevented planting that guys took, at some point that has to come into play, it's alot of acres IMO. All this talk of "better than expected"is getting old, I tried some beans yesterday & monitor said avg. of 33 on the couple rounds I made & better than expected is a true statement because I was expecting worse but holly crap people that is still a horrible crop. I just don't get it when expecting 30 & getting 33 is percieved as a win it's not it's still a loser
10-06-2011 08:23 AM
My local POET plant in Fostoria, OH just called me....looking for corn. Not too many fields are being combined yet...except for a neighbor who planted almost all of his corn on 2 days in May...I heard his bin fans running last night.
They asked if I had any left, and when I said I had cleaned out the bins..they asked when I was going to start harvesting. I told them about a month....but that I only had about 14 acres of corn to haul to them..the rest that I got in was Popcorn. They even asked if I knew anyone else that had any corn left. I couldn't help them out. Something tells me the carryout on corn isn't what the Govt. numbers are showing......
10-06-2011 08:44 AM - edited 10-06-2011 08:45 AM
Knox.........we didn't get 92 bought this year with 7..........WHY......is it possible when we push the acreage envolope that it's a given X amount will encounter problems even in a good year.........it's that whole acreage chart thing I keep posting.........
Pup........I am talking about the unforeseen If's.......like Japan earthquake If's.........the ones that are out of no where.........IMO Europe and US economy are trading headlines.......but as long as autosales are decent and iPhones are the talk then people are still eating.....
Fire....And......Pup.....what you are saying about some looking for grain is something that is popping up in areas already.......that was not the case last year..........long time till next September.........and yes this better than expected but still 10 or 20% below average and 30% off potential talk is getting old.......it will take time for it to shake out.....
10-06-2011 08:53 AM
It sounds so much better when you entertain the possibility that you could be wrong. BTW do not take anything I say as a personal affront. It's merely a second opinion and probably less valuable than yours. Keep posting!