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Panterafan
Senior Contributor

Anyone selling your new crop.

I'm more of a cow/calf guy, but was wondering if any of the row croppers here are selling new crop corn, or December or Jan corn, have a buddy that is a grain buyer for good sized elevator, they can't believe more people aren't forward selling as he believes we are close to another downturn. Just wondering how you guys are planning. Are there a lot of guys who can't cash flow at 4.60 corn.

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10 Replies
Slim123
Senior Contributor

Re: Anyone selling your new crop.

If your buddy can't buy new crop corn, he can always raise his bid until someone sells to him. 

hardnox
Advisor

Re: Anyone selling your new crop.

With subsidized insurance guarantees and shallow loss bonuses there is probably some degree of disincentive to sell.

 

Might as well swing for the fences?

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c-x-1
Veteran Advisor

Re: Anyone selling your new crop.

Panterafan,

your buddy probably means they are "sweating" = translation of "can't believe."

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NottaStree
Senior Reader

Re: Anyone selling your new crop.

There's still lots of new on-farm empty bins. Guys built those to put crops in. Shiny new metal ups the ante sell grain at breakeven.

—NottaStree

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Jim Meade / Iowa City
Senior Advisor

Re: Anyone selling your new crop.

I've been selling bits and pieces.

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425Cat
Advisor

Re: Anyone selling your new crop.

Waiting for 5 cash to sell anymore.
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Shaggy98
Senior Advisor

Re: Anyone selling your new crop.

Didn't you reach the $5 cash level a few days ago?

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Shaggy98
Senior Advisor

Re: Anyone selling your new crop.

My bad, highest we were was $4.96 on April 9th.  I was thinking we closed at $5 earlier this month.

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tpeal04
Contributor

Re: Anyone selling your new crop.

I'm lucky I guess and live close to the mississppi river and caught the basis low and sold some sept delivery for $5.01 and caught local grain company not on the river at $5.00.
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