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07-31-2014 05:25 PM
I'm hearing alot about next year BUT
PRICES.ARE BETTER FOR NEXT YEAR
THAN NOW (except soybeans)
At the local elevator today's wheat is
5.81......harvest of next year $6.05
Corn. 3.35 for this fall
Harvest of 2015 $3.69
Beans roughly $2/bu lower next year.
Gentleman ....start your spreedsheets!
Maybe "establish " a point in the market,
And roll up on rallies?
08-02-2014 11:38 PM
Wow ----------------------- make that wooooooohhhhhhh. pull back the reigns...........
I would sure like to fight for a little reduction in inputs first ----- before I start guaranteeing much production.
We are going to have to tighten a belt till it squeeks but for us, 2015 is a long way away and a starting point well below COP. would be bleak. If the bears are right and the market dives down from there the early marketing is not going to save us.
We may need to find a little basis improvement to help us out somewhere or just wait it out for a while. We have other things we can raise cheaper than corn.
We are first in the market of making a profit. Second in the market of raising grain. If one makes the other impossible, we will be back in the wheat/livestock/beans/milo market
No sense in guaranteeing anyone we will produce something no one wants. ---- this early