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roebke603591
Contributor

Re: Market Thoughts From Chicago

Mike

 

Ask your Market/Chicago source/sources this question please! 

 

What immediate affect would higher CCC loan rates have in Chicago? 

 

If suddenly the Farmer could take a $3.50/bu corn loan and a $8.50/bu soybean loan on 2018 crops and throw out the 2018 Farm Bill?  This loan program would also allow the Farmer to extend his CCC loan for another 9 months on up too 25% of his historic production. Meaning the projected carryover for Corn and Soybeans for 2018 crops would stay in the Farmers bin and not be dumped in Grain Merchants laps!