Floor Talk August 22

[Jeff_a_Caldwell]

Mike, just saw that the 'Brand X' crop tour found corn yields 21% lower than trend in Indiana and 14% lower than trend in Nebraska. What's everybody think? Is that right, or are they picking and choosing?

[deerguy]

  I have corn that I bought from a neighbor way back when that was light test weight.  I used it to blend in my hog feed.  I moved it out of the bin into my bulk bins and there it sits.  I don't know how long he had kept it, but it was from a very dry year.  My kids would blend it in good corn as I sold it one year and I would pay them by the bucket.  I think the bugs have eaten most of what was left.

[dapper7]

mike, know a couple brothers that shelled a crib of corn this summer that was 8 years old. went to the bars looking for help,offering all the beer they could drink plus wages. no takers. havent heard how that turned out.

[Palouser]

My corn is so old it looks like wheat. Good wheat. It will still be fed.

[frank232]

WTI (oil) sitting at $97.27 last I checked...Brent is just over $115...  Any economic "recovery" is a fantasy with oil prices like these...  Add in the sure to come high food prices (as the grain prices work into the system) and I wouldn't doubt we see some ugly economic reports in the months ahead. 

Wonder how McDonalds (yes...i eat there) is going to pass off their $1 "mcdouble" (2 "beef" patties)...can they add more fillers?  🙂 It will be interesting as we head down the road to see how food industry handles all this.   Throw in the $100 tank of gas to get to the drive thru  🙂

[frank232]

Forgot to mention...the word of the day is: QEIII ...Yes...the Fed may be ready to "act" if the economy doesn't turn around...  I've got a word...its called INFLATION. 

[highyields]

try at least a 50% lost on yield.  They picked and choosed in nebraska.  What I heard of in northest nebraska there isn't a thing left up there.   My ol' college roommate live up there.