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wrightcattle
Veteran Advisor

Re: Grain drying costs

It will be tough to find wet corn this year .

Normal is to buy wet corn,  discount the h2o..Add water as needed..    Crack and pack in a bunker .   

Heck it's tough to find wet silage In  21...LoL 

BA Deere
Honored Advisor

Re: Grain drying costs

Worrying about drying costs is a "eastern cornbelt thing", it will be hard to put up sileage or find high moisture corn ...between 2pm and 3 pm September 25th it might be 27% but the next day it`ll be 16%   🙂

Early birds around Cylinder Iowa on highway 18 on the way to the Spencer Fair on September 12th usually are combining beans, I`m thinking they`ll be done by Spencer Fair time.   I`m thinking October 1st we`ll be hitting the beans hard and checking corn moisture and watching it go to 11% or 12% , but gotta focus on the beans or they`ll go to 7% $$$$$$$

Here`s the best looking corn by Iowa Falls, had the holy grail of hog manure.  I coulda posted pics of burnt up firing below and some the whole stalk firing.  But I like showing the good stuff when I can find it.

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wrightcattle
Veteran Advisor

Re: Grain drying costs

Spoiler
A lot of corn gave up last week. 

Without rain this weekend id say the majority of acres in the west / northwest are done both corn and beans. 

Corn combines started in 2012 Iowa bout August 18 thru 20.

Without rain some of Iowa will be combining corn next week  .

Just a crumby year for the W/ NW.   
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marketeye
Veteran Advisor

Re: Grain drying costs

While LP stocks are trending at a five-year low, U.S. exports are trending toward a five-year high. 

 

LP prices seen heating up for U.S. corn harvest drying season.

 

What say you?

 

Mike

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timetippingpt
Honored Advisor

Re: Grain drying costs

Well, I'd say that this whole global economy is built on a house of cards that is built on an old shaky wooden table located just above the San Andreas fault line.  A little vibration might be all it takes to cause a cascading effect around the globe. Thus, LP might be short, or might not be short, and given the advanced maturity of a crop facing another week of heat, worrying about LP is about the last thing anyone should be worried about this year.

Our first 300 acres is at brown husk on August 19th, with the next 5 days above 90  and no rain since 7/16 (yeah, the 8-14 forecast on 8/6 called for cool and wet, snicker), it will easily be deliverable by 9/24. 

How to take advantage of this selloff in the grains driven by the PoorFarmer yield tour,  might be a better use of time. It is setting up some real cool basis plays for quick ship grain, and possibly a very nice post harvest recovery. At 80 over for shipment by 9/24, LP is the last thing you should be worried about. Shell, dry, deliver, cash the check, next issue.  🙂

But hey, I know you have to fill space and file an article on a deadline, so normally it would be very well timed 🙂 

vinceirlbeck
Contributor

Re: Grain drying costs

Who says the selloff is over once the tim can harvest is over? History says we have rationed demand at these prices.  The charts say we broke the wedge pattern.  The technicals lead and the fundies follow.

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timetippingpt
Honored Advisor

Re: Grain drying costs

Agreed Vince but it has been a strange couple of years. I'll keep the hedges for now, but a strong post harvest rally seems inevitable.