Cheap prices cure cheap prices? Kind of an inverse to the high prices cure high prices axiom we keep getting hit over the head with?
I hope it works the other way around, too. Let's all start chanting "demand reconstruction" just as enthusiatically as the bears were chanting "demand destruction"!
Honestly, if my soybean yield in my first field of soys mean much, central Iowa is gonna be really short on soybeans in the near future. I cut 80 acres, well most of it-I left a couple of acres of beans that were green yet that were replanted after the May 25th flood washed the seeds away. I think the others had a hard time emerging after that. If those small patches total 50 bushels when I go back and harvest them in a few days, the best I can possibly yield on that 80 is 29 bu/acre. Sad. We usually can grow 50-55 bu/acre beans around here, so this is gonna be hard on the cash flow. I do have insurance coverage, so that will make a big difference. I would rather not fool with those folks though. I have been hearing corn on corn yields of 80-120 bushels. Friends, this is central Iowa. This is 200+ bushel land. This is the neighborhood where land is selling in the $12,500-$15,000 range, or was. I find it hard to believe that yield flops like this don't matter.
