05-01-2013 09:24 AM
Did any of you with corn left sell some or all on the bounce? If we get this kind of a weather bounce now, what happens if we have a drought this summer? If we don't have a drought this summer, how many with corn left in August will wish they'd cleaned out the bin in May?
Ah, yes, marketing.
05-01-2013 10:01 AM
Its May 1, and snowing in southern MN. Predictions are that we may see accumulations of 4-5 inches. Most of my corn was gone last fall...my soybeans were the worst since 1988, and I am not in a huge hurry to sell what is left this spring until I see signs that we actually are going to produce a good crop. Maybe someone else is going to feed that huge hog herd until october corn comes in and maybe those ethanol plants quit chewing up corn, too. My thoughts are that it is going to be very difficult to fill unit trains once we get to July.
05-01-2013 10:35 AM
Nobody is selling corn as there are snow drifts in the fields yet, and the lakes still are covered with ice. Latest ice out on lakes in NE SDak. on record. Why do you think the basis is in on the plus side big time. Sept corn on the board is a steal. USDA is loosing 200 million of 2013 new crop corn inventory they usually count for old crop corn on Sept 1. Nobody is feeding wheat either. Zero new crop corn on Oct 1.