cancel
Showing results for 
Search instead for 
Did you mean: 
marketeye
Veteran Advisor

Floor Talk October 29, 2021

At the open:

 

Huge sales of corn, soybeans moves prices up Friday.

13.0 million bushels of soybeans sold Friday. Also, 10.0 million bushels of corn sold Friday.

Mike

5 Replies
sw363535
Honored Advisor

Re: Floor Talk October 29, 2021

Thanks for the article 

Was an active week

0 Kudos
cborman11
Senior Contributor

Re: Floor Talk October 29, 2021

And beans are down. Funny the pro farmer tour came through and said my beans would do 41.5 to 44 my beans did 37. They said my corn would do 168 to 176 my corn did 141. I farm 1100 acres and that was my average, what drought right? The yields are not there!!!

rsbs
Senior Advisor

Re: Floor Talk October 29, 2021

be patient and let the market come to you. If the buyers are willing to pay $13 for beans and $6 for corn right now, they probably will soon be willing to pay $15-$20 and $7 to $8.

All the low hanging fruit in bins from the last few years got cleaned out, and with a less than stellar crop, who knows where this thing ends up.

The guy that always seems to be wrong is saying to sell, sell, sell.....I notice.

Does Curly actually work for a grain buying consortium?  LOL

roarintiger1
Honored Advisor

Re: Floor Talk October 29, 2021

Why wouldn’t there be large sales of corn and soybeans?

They are at bargain prices compared to everything else. 

BA Deere
Honored Advisor

Re: Floor Talk October 29, 2021

This spring will be a dash for cash, but don`t be in love with the contents of your bins.