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farmerguy89
Advisor

Corn at $4 now

Only 60cents off the high locally. We didn't get above $5 like you guys this spring, so the basis destroyed 20% of the acreage here. Hopefully we can get to 4.50 and I will bring a little in this fall if it ever gets to 30%. With nobody in the fields and high moisture I might just see a runaway basis.

Somebody is gonna post about $2 corn now. What a world of difference we are in.

My starting point for bids...
http://sunderlandco-op.aghost.net

Beans 11 at the processor now too!
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6 Replies
NABFarmer
Veteran Contributor

Re: Corn at $4 now

Let's not forget that the Canadian dollar is at it's lowest level in five and a half years. You need to subtract at least 52 cents off your price of $4 to equalize the currency, then compare.
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farmerguy89
Advisor

Re: Corn at $4 now

Looks like the canadian dollar is gonna tank hard and so is crude oil... Cheap fuel and better basis for all!
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farmerguy89
Advisor

Re: Corn at $4 now

I'm not sure nab, but I don't think input pricing much different south of us. The only thing I don't want to do is buy us equipment or products. Time for hoarding cash... That's the only thing that makes $$$ in this Coming deflationary period.
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NABFarmer
Veteran Contributor

Re: Corn at $4 now

Kinda bad for a guy from Alberta but I kinda hope oil tanks like it did for a time in 2006. I could handle buying a cat and hoe for half price.
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NABFarmer
Veteran Contributor

Re: Corn at $4 now

Are you a member of farmers of north america?
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farmerguy89
Advisor

Re: Corn at $4 now

Nope
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