- Agriculture.com Community
- Announcements & Forum Help
- Farm Business
- Young & Beginning Farmers
- Cattle Talk
- Crop Talk
- Hog Talk
- Machinery Talk
- Machinery Marketplace
- Shops, buildings and bins
- Ask the SF Engineman!
- Computers & more
- Precision Agriculture
- People & Rural Life
- Ag Forum
- Women In Ag
- Agriculture.com Blogs
- Your Farm in the Future
- Women in Ag: Lisa Foust Prater
- Women in Ag: Brenda Frketich
- Women in Ag: Anne Miller
- Women in Ag: Jennifer Dewey
- Women in Ag: Talkin' Turkey with Lara Durben
- Women in Ag: Heather Lifsey Barnes
09-12-2017 01:04 PM
Sonny is the head guy, but could you imagine the chaos it would create if he questioned every single report that came out. Basically calling your employees liars, that will make things worse than it is now. If the report is right, which I highly doubt it, we are in big trouble price wise for the next year. Needless to say, I am not protected enough. I guess we will see where the lows will be printed.
09-12-2017 02:15 PM
unl....thought I posted something, but it didn't come up !
I guess I look at it this way, just think of all the chaos the reports make on my stomach and everyone elses, so maybe sonney should
ask some questions.
IF those numbers are right, it's going to be a very long winter, and a hard candy Christmas.
from talking to the fellows here, and we are strictly dryland.....and we are to get an average around 169 or so, i'm told that
insurance is saying that the corn is about 50 bu an acre......so you are going to need someone else to have 285 bu
corn....but 285 bu corn is dang good corn......does anyone out there have it ????
even worse, the silage equipment is busy, so if it does not produce grain.......someone else is going to have to produce
338 bu and acre to replace the acres zero out on production.....not insurance, but production........
I thought 285 bu corn was really something.........who has the 338 bu corn ????
BA and Hobby are not setting the world on fire with their corn, and they are in one of the "I" states.....heaven forbid what
what we do in the fringe area.
09-12-2017 02:49 PM - edited 09-12-2017 02:50 PM
Next statement coming from the spin room. If we turn wet during harvest (yes, that would take a ton of rain), it will be that next year's crop has a full soil profile.
The good news of the day, it looks like the western states that are burning with all the wildfires are going to get some rain in the coming days. Can't imagine their misery this summer. Would bringing back some sensible logging slow down all these wildfires?
09-12-2017 04:08 PM
It's been dry out west all summer. Longer than that in some areas.
Sister lives near Arlington, WA and the smoke from Canadian fires has been bad for months.
About 10 days ago the Gopher football team was wondering about air quality in Corvallis when they went to play Oregon State.
Now they probably want the Gophers to come back = it rained during the game.
Haven't heard from James in the Willamette Valley for a long time.
He could give us an update.
09-12-2017 08:39 PM - edited 09-12-2017 09:07 PM
so here is the $64 question......are they full of do-do, and in a month or two, they will wake up and realize one day opps !!!
and so we have to correct the numbers, which makes the outlook appear bullish, and the market takes off like a scaled ape ?
Therefore, should one be positioning himself (or herself) in the market to profit from such a move (going long market or buy call)
cost to play the game:
corn.....at the money march call, to give some time to work thru harvest pressure, time to oil the abacus, and holiday partys
sell off the machine, get hit in the head with basis, then hope and pray it goes up.....$650.00...but we have developed a liking
of ethanol (in our vehicle tanks), and nothing like a corn feed beef steak
soybeans...same story......a bit more expensive party to attend..... $1600.....but the potentional for far better ordures
than the corn party since the world has grown to love tufu.
mar at the money call
but in case you want to take the ugly sister to the party......same story, at the money call in mar......I do find her
a bit of a expensive date at $1100.
if you don't suffer from low T syndrome, one could sell same way out of the money puts, and put towards the cost to
buy the calls.......
I hope those of you with corn and beans don't get a "head fake" like in wheat this year, when it was best to sell off
the machine, due to the good basis.....as one broker told me, if that is the case, its far cheaper to buy the call, than to
pay the storage (if you must do that), plus you will have cash flow........
but then again, it's kind of like the preacher, do as I say, not as I do....as the preacher introduces his girlfriend setting by his
wife in the front pew...second pew is filled with all of his children, from 4 different women (note I didn't say wives).
09-12-2017 08:55 PM
They are doing us a huge favor...
It's just the start of the main planting time in South America , keep the prices beat down for another 60 days, might just keep a few acres from being planted or taken proper care of. Not going to help their bottom line. They might just have a slight financial problem showing a profit too?