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Mizzou_Tiger
Senior Advisor

Re: Floor Talk April 9 (Report Day)

GIO, technically no.

 

but IMO

 

Yes

 

If I recall you own a business, right?  Maybe several, heck I dont know.  And you probably buy supplies wholesale, sell your goods/services retail and what your customers are willing to pay is your market price

 

Now imagine having to buy retail, sell wholesale, and your market price is set by people in a gambling parlor known as the CBOT that have never seen let alone grown a bushel of anything.  And to top it off, most will stab the american farmer in the back at every turn blaming them for everything wrong with the environment.

 

Sorry, but ambulance chasing traders are on the same level as cockroaches and lawyers.  Only thing below them is the ones that aid them in their game, THE USDA REPORTS

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Re: Floor Talk April 9 (Report Day)

I suppose I could however I worked at CBOT and I run family farm. One was optional one was not take a guess. When you experience it first hand it's ugly little cocain little Alcohol everyday not the lifestyle I wanted not to mention losing other people's money for my own commissioned based profits it's hard to sleep at night for a normal person. The traders have no concern if the prices go up or down the only thing that matters is do I have enough left to try it again. Was there roughly two years new three guys that commited sucide not for all the money they were making themselves or the costumers but because of the losses they couldn't cover. That's what happens when you trade paper it's a joke I'm sure half these guys don't know what an ear of corn is. Hense why I stated them as crooks it should be illegal.


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giolucas
Veteran Advisor

Re: Floor Talk April 9 (Report Day)

Haha,  I have to laugh I guess from going crazy.  Farmers are the best in the world and if you are not a farmer you are a cockroach.  haha.  Nice one.  

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crophugger
Senior Contributor

Re: Floor Talk April 9 (Report Day)

Just had a report how many reports do we need maybe that's why we are creating so many careers for people that don't know what they are even researching. One just has to look at the cattle futures to see how wrong they can be.
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rayjenkins
Veteran Advisor

Re: Floor Talk April 9 (Report Day)

Hey Hobby...

 

is WW still going or is he one of the dropouts??

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Mizzou_Tiger
Senior Advisor

Re: Floor Talk April 9 (Report Day)

Advisor
Posts: 1,214
Registered: ‎06-25-2010
 
Re: Floor Talk April 9 (Report Day)
 

Haha,  I have to laugh I guess from going crazy.  Farmers are the best in the world and if you are not a farmer you are a cockroach.  haha.  Nice one.  

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Mike central IA
Veteran Contributor

Re: Floor Talk April 9 (Report Day)

there has been a lot of farm sales caused by farmers trying to outsmart the traders. Managing and operating a farm is enough risk without trying to play a rigged carnival game.

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roarintiger1
Honored Advisor

Re: Floor Talk April 9 (Report Day)

"rigged carnival game"

 

Reminds of a story a few years ago ago about a Las Vegas hotel/convention/casino owner complaining about how farm groups using his facility were not spending enough money by not gambling enough.

 

El Cheapo's thread title of a few days ago needs repeated.

 

God is great.  Beer is good.....and people are crazy.

 

Sometimes, you can't fix stupid.

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Hobbyfarmer
Honored Advisor

Re: Floor Talk April 9 (Report Day)

Interesting... world corn supply up 61 mbu and US has 50 of it.

 

Shouldn't prices creap up when there is pretty much only one store with most of the inventory? 

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glenlivet18
Veteran Contributor

Re: Floor Talk April 9 (Report Day)

Traders are not out to stab farmers in the back.  Trading can basically be boiled down to two simple principles: manage risk (always the most important), and when you find yourself in a good trend, stay with it.  That's it.  Nothing personal, nothing evil.  Do you think traders are the ones driving down the prices of agricultural commodities the past two years?  Funny, I don't remember anyone thanking the evil traders for sending farm markets to all-time highs in 2011-12. 

 

Maybe the reason corn/wheat/soy are in a 50%+ bear market is because, I don't know, the world's full of the stuff!  It's coming out of every corner it seems like.  Maybe it's a stronger dollar, or central bank policies.  The reasons are complex and sometimes conflicting.  But whatever the price is of something today, that's what it is because that's what the market has decided it should be.  The market is always right, and if you're going to participate in it you need to accept that or eventually you're going to get run over. 

 

Blaming other people is no way to go through life.  People who blame others are losers, and suck to be around.  Winners, if they're going to blame anybody, usually start by looking in the mirror, then figure out what they need to do to change the situation. 

 

Ok, so you're a farmer who's taking it on the chin with these below break-even prices.  And I know you've got it tough.  Farming's a hard life.  All you farmers get my thanks for what you do.  But marketing-wise couldn't you have protected yourself with some options, some puts or calls?  (I know almost nothing about options and trade only futures.)  I bet some have done it.  But you're not going to find them on this forum. 

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