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vrbuck
Advisor

11cents from the promise land

I have a feeling with a big open window this weekend and more yield reports we will print 8 dollar beans Monday. Like it or hate it it's a reality. The reports I hear from Minnesota tell me the great white hope had no affect on bean yield since the yields are coming in outstanding.
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5 Replies
Blacksandfarmer
Veteran Advisor

Re: 11cents from the promise land

Spot prices here along the Michigan/Indiana line were $8.75 for beans and $2.80 for corn at my local elevator. This market is getting a bit overdone.

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Jim Meade / Iowa City
Senior Advisor

Rumors

I was talking to my normal grain buyer in Washington, IA this morning.  They had tweeted that initial yeilds were way off the USDA projection.  I called and asked what they meant.  They said the yields were way better than farmers had expected and well over the USDA numbers.

This is purely a coffee shop rumor and I can't verify it.  I do have confidence in the person I talked with, but they could have been given bad info, of course.

 

 

 

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vrbuck
Advisor

Re: 11cents from the promise land

I haven't heard of any bean yields under 50 by anywhere
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Shaggy98
Senior Advisor

Re: 11cents from the promise land

My neighbor is averaging 18. There you go, now you've heard it.
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ray h.
Senior Contributor

Re: 11cents from the promise land

    Gee,I wander if the price of corn chips and related items,all the products in the fridge that contain soy will go down at the grocer?(not a snowballs chance in hell)they will keep the hike!

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