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Veteran Advisor

Fairmont MN Soybeans $12.98

I got all excited and sold my last load for $12.29 last week.

 

Not the $15 I was getting last spring, but not bad compared to everything else.

 

Was at a consignment auction yesterday and bought a shiny piece of painted metal that had been on the July internet pricing of a local dealer for $32000 cash..... my bid was $14500.....guess we are seeing a little deflation in farm country for a change. Very welcome!

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18 Replies
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Veteran Contributor

Re: Fairmont MN Soybeans $12.98

Thats quite a price for soybeans current bid here now is 9.38 and i think new crop price is even lower than that. You must dealing with 2..00 plus basis off futures never seen that kind of basis here. I sure hope that price works our way.

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Contributor

Re: Fairmont MN Soybeans $12.98

Mexico, Mo is 13.38 at ADM up from 12.63 Monday of course I am out.

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Senior Contributor

Re: Fairmont MN Soybeans $12.98

MNSP in Brewster, MN is showing 13.24 on their website tonite for August.  9.94 new.

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Senior Contributor

Re: Fairmont MN Soybeans $12.98

Organic soybeans averaged $29.28 this week.
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Honored Advisor

Re: Fairmont MN Soybeans $12.98

Mine are all organic

 

Not a plastic one in to whole bin.

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Senior Contributor

Re: Fairmont MN Soybeans $12.98

Well, Hobby, my friend, you get an Organic certificate and I'll cut you a check!
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Senior Contributor

Re: Fairmont MN Soybeans $12.98

Organic plastic.....now there's an idea! Maybe make it out of corn somehow...everything else is these days...ha.
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Honored Advisor

Re: Fairmont MN Soybeans $12.98

What's the # of that China co selling organic corn?  I'll bet for a small fee they'll find one.

 

Bean basis went to about +$2.15 Nov.

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Senior Contributor

Re: Fairmont MN Soybeans $12.98

Can't say as I know, Hobby. I just know the buyer.
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