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01-09-2012 10:49 AM - edited 01-09-2012 10:51 AM
not sure I am on board with 141..........but he is talking my game in demand...........see I am not the only crazy one.........
01-09-2012 11:08 AM - edited 01-09-2012 11:11 AM
simple answer is YES..........anything is in the cards........
we had cash corn over $8 last year........supply is tighter this year........as mentioned for months........demand fluffing has been floating this balance sheet............
did you notice he made NO MENTION of SA production...............o and what happens if the dollar softens...........two big things that play in favor of grains that were not mentioned...........
01-09-2012 11:14 AM - edited 01-09-2012 11:18 AM
Wow Mizzou this guy makes you sound like an ubber bear. Keep up the good work.
With the number of acres a report like that would buy beans may look good by fall.
01-09-2012 11:19 AM
Holy Cow is an understatement! That being the case how much weather risk do we have going into 2012 and are we assured will have bushels to sell into that hyper market?
01-09-2012 11:22 AM
Hi Ray: In the early 70's my dad replaced almost all of the essential equipment on our farm. So in short no. But then I'm a small time farmer.
01-09-2012 11:39 AM
In the early 70's 1974 I believe, I sealed corn for $1.10 and sold it for $3.65 and contracted a bunch of new corn for $3.15. My rent went from $45 to $105 as a result of that.
Per haps that created irrational exuberance that resulted in the farm crisis of the 80's
01-09-2012 12:05 PM
Don there are people on here that think you are responsible for our countries current economic situation now you're saying you started the 80's farm crisis. You must have large shoulders to carry that much burden :~).