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Veteran Advisor
Posts: 4,715
Registered: ‎05-13-2010
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Is it 1972 again?

thread below says that corn isn't going to go to $10....hmm....someone do the math for me and tell me what $4 corn in 1972 is in 2013 dollars, and also what $13 soybeans are.

 

I know that I watched my 1200 lb round bales go from $40 to $60 to $80 to $100 to $120 since summer and they are all gone now. Not going to make the same mistake with my corn.

Veteran Advisor
Posts: 3,054
Registered: ‎06-26-2012
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Re: Is it 1972 again?

Red,

 

could be March 3, 1973.....

Senior Contributor
Posts: 377
Registered: ‎08-07-2012
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Re: Is it 1972 again?

2010 and 2011 were both hot and dry here in the east. I priced 6x4 Timothy rolls at 200 a piece just because I didn't really want to sell them. 250 mamas here that need to eat too. Anyhow, the women with horses and their husbands cash didn't seem to mind. Nothing is too high until your buyer goes bankrupt!!
Veteran Advisor
Posts: 3,054
Registered: ‎06-26-2012
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Re: Is it 1972 again?

Actually, mkts that become really inflated end when the SELLERS become bankrupt.

Honored Advisor
Posts: 5,174
Registered: ‎07-18-2011
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Re: Is it 1972 again?

Red, ------cx-1 may have a point,------------- didn't the percieved windfall of the 70's create the 80's  when the sellers went bankrupt trying to pay for that land and equipment they bought in the 70's.

 

The inflated expenses never go away as quick as the grain prices do.  And when we start rolling back these land prices ------------??

Veteran Advisor
Posts: 3,054
Registered: ‎06-26-2012
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Re: Is it 1972 again?

sw,

you would know much more about related costs.....I was referring literally to the shorts becoming bankrupt @ mkt tops.

Esteemed Advisor
Posts: 9,054
Registered: ‎05-13-2010

Re: Is it 1972 again?

So if Bob Utterback and Richard Brock are panhandling and washing Sue Martin's windshield, then we'll know that the top is in? LoL Smiley Happy
Senior Advisor
Posts: 2,566
Registered: ‎05-13-2010
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Re: Is it 1972 again?

How often are producers short the market?

Veteran Advisor
Posts: 4,715
Registered: ‎05-13-2010
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Re: Is it 1972 again?

Somehow, I just don't want to see Big Bob or Richard getting wet and washing a car.

 

But these are very hard times to call...you just know that extreme belt tightening has to occur for life to go on anywhere near normal, and you also know that this is nearly impossible.

Veteran Advisor
Posts: 3,054
Registered: ‎06-26-2012
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Re: Is it 1972 again?

aren't producers short if they are hedging (protecting) a physical price or forward selling before crop is ready to sell??