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Senior Advisor

For a marketing page

 There isn't about folks taking a nibble on the apple let alone a big bite. $12 beans today $12.12 for January and $11.37 for next october

 

$5.45 corn for cash today, $5.47 for January 11 and $4.96 for new crop next october.

 

This is about a full dollar higher than what I contracted corn for 2010 fall delivery. If it was a good contract last year, it is even better for next. 200 bushel per acre times $4.96  I would really like $1000 bucks per acre but maybe I'll have to squirt an extra 20 lbs of N on the field. I should make estpecially on those acres that I did not pay $1000 per acre for.

 

Anyway I have visions of prosperity in my head and wondering if any of you other fellows were thinking the same way. Or am I the only idiot thinking that way.

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6 Replies
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Veteran Contributor

Re: For a marketing page

As long as you ave inputs locked in these are good prices.  How much over $450 a ton will they charge for N?

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Senior Advisor

Re: For a marketing page

Call your supplier and get your prices. My prices would mean very little to you.

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Frequent Visitor

Re: For a marketing page

Kraft...

I share your sentiments about prosperity.  We locked in our 2011 fertilizer back in July and because we did so, combined with current market prices and our cost structure...2011 is shaping up to be a better year then 2008 and 2010...and that is budgeting average yields!!! 

 

What other business, when provided with the tremendous profit potential that we have been blessed with, wouldnt make sales?!?!?!  Whats wrong with selling all of our corn and beans at these very profitable levels and making money?  I know full well 3/4 of our competitors will see this opportunity come and go and will do nothing. 

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Advisor

Re: For a marketing page

Nervous is the word.  As I've stated before it's hard to sell when money isn't needed.  In 6 months there will be lots of idiots.  Who they are remains to be seen.

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Contributor

Re: For a marketing page

I  too think 2011 could be very profitable but have been there before to have the weather screw everything up.

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Frequent Contributor

Re: For a marketing page

The opportunity is here to sell at some very profitable prices. Us farmers with dryland corn have to deal with the weather element.  What if we raise no more than we did this year., Throughout ILL sub soil moisture is low. Strang how weather and seasons can be so fickle. Last year we were just getting a start on corn harvest and soil conditions were very wet. This year we're going into winter very dry and perhaps we'll have to rely on Spring rains to regenerate soil moisture. Perhaps this is just the start of an upcoming midwest drought for next year, Personally I'm not selling anymore for 2011 right now. Sold 2k of Soy for 11.05 harvest delivery and that is starting to look cheap. A drought, with already pipiline supplies would be a blow to the Demand build up we've had over the past years. The dogs tail is still runing high and higher prices are still to come..

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