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jec22
Veteran Advisor

Harvest storage

Ray's comments on concerns about end of harvest storage space are noted:

 

"It is getting more difficult to find information that has a positive effect on grain futures, and whenever something that comes out and we think it might help the cause, well, it has a half-life of about 15 minutes and we immediately resume the “big crop, where are we all going to put it” mantra.

I will continue my almost daily routine of asking you to be working on your end of harvest game-plan for the bushels you normally have room for at home, but may need to go “someplace” this year.

We will do everything we can to use the maximum amount of wet corn possible, but our needs are capped at what the plant uses each day. But we are trying!"

 

My question for Ray.  Thanks in advance for any input you have on this.  While I totally understand if Cargill did bring in corn from the Dakota's to cover Sept. corn needs from a P&L standpoint, how was this Cargill's way of trying to help the storage situation here in Iowa?  Some of the yields I am hearing aren't blow your socks off yields that have been promoted, so maybe we will find a home for it all yet, there has been a  good amount of storage added in the last few years. In fact, last year's storage did not even get filled and is mostly at very low inventory levels now.  The good news is the last few days have seen moisture levels dropping,really right on time for most years.  So, if the weather doesn't throw us another curve like it has all of 2014, we should see a lot of corn come out of the field under 20% after bean harvest.  Been farming many of years, and it always works out.  This stuff is more normal in my lifetime that the $8 corn joy ride we just had.  Never have thought it was wise to complain about growing a good crop(though river bottoms around here will not be 'good').  Sad, that so many think having a little suplus is a 'bad' thing.  Use to be a sign of a blessing from God.  No one knows what next year brings, corn could be under $2 or over $7. 

 

So. Central Ia.

12 Replies
jec22
Veteran Advisor

Re: Harvest storage

THANK YOU: A stranger walked up to Jim Whitman at the 2012 Farm Progress Show in Iowa and thanked Jim and his Farm Rescue colleagues for helping harvest an uncles crops. The uncle was a farmer who had suffered a heart attack prior to harvest and was disabled.

 

Just another interesting thought.  Walmart sponsors Farm Rescue.  Walmart is now starting to add E85 pumps.  New promotion price is $1.85.  Would say that is a great 'farm rescue'!     Though, if I remember right, last time we had corn prices in this range, E85 sold for around $1.74.  But think of it, if Walmart can get people to save a $100 a month on fuel, they have a shot at getting some of the $100 back in store purchases.  $100 a month, times the millions that shop there...that is not small change.

With the prices now, the lower we go the better...for crop revenue checks.

 

roarintiger1
Honored Advisor

Re: Harvest storage

I think that many folks will be surprised at how fast this corn and soybean crop gets moved out and used up.  Smiley Wink

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rayjenkins
Veteran Advisor

Re: Harvest storage

JEC22........well, I would be really interested in the details on the South Dakota corn story.....I assume you are saying that Cargill brought SD corn to Eddyviille???  Sorry to break it to you, but no rail corn from anywhere came to the plant this summer, and about the farthest any truck corn came was 75-90 miles.....

 

so it looks like we did everything possible to use local corn.....spill the beans on this SD corn caper so we will both know what is going on...

 

** I think I am done with the end of harvest messages.....I guess a lot of folks think I am trying to talk the market down...

 

so let's compare notes in about 30-40 days and see how it all played......I really hope folks can find space under good cover for this year's crop.......we are not in the market to buy off-spec corn...

 

regards,

 

Ray J

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jec22
Veteran Advisor

Re: Harvest storage


Ray,

 

Thanks for responding.  I was asking you if it was true.  I just read the post on this site last week or so with that information and all it said was the Dakotas.

 

I know a lot of people read your comments, but I think if you said over and over again for the next month that the crop was short..it still would not move this market up.  Tell it like you hear it to be, the chips will fall where they may.  

 

Now, if you really want to cause a stir, where do you think the cash low in corn will be, price and time.

 

Now chew on this, this guy might have been on the orginal BTO.  Bet he was happy being done by Thanksgiving.

 

 

Clarence Gibbons of Polk City operates a two-row mounted corn picker on the Morris Alleman farm near Sheldahl. Gibbons planned to pick 600 to 700 acres of corn in 1943.

Clarence Gibbons of Polk City operates a two-row mounted corn picker on the Morris

Alleman farm near Sheldahl. Gibbons planned to pick 600 to 700 acres of corn in 1943.

 

 

 

 

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buckfarmer
Senior Contributor

Re: Harvest storage

Doesn't look like Mr. Gibbons will have to stop to unload very often. maybe still good corn for 1943.
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sw363535
Honored Advisor

Re: Harvest storage

Hope Mr Gibbons or the fields owner didn't have a spec position on that corn.  He might find it hard to sell.

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Hobbyfarmer
Honored Advisor

Re: Harvest storage

Many still picking by hand at that time,  Pretty interesting photo, REA poles in the background, no leaves on the trees = he didn't start till after his grandsons would now a days be done. 

 

700 acres with that machine would be how many with a 12 row combine?  Bet he got tired of changing wagons,  also bet he had more clothes on many of those days.

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sw363535
Honored Advisor

Re: Harvest storage

He needs to work on his herbicide program.  Smiley Happy

 

1943 ----- 60 yrs -----  Rapid change.  

 

A good high price of $1 per bu. and the world was needing every bushel --------- and thankful to get it.

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Hobbyfarmer
Honored Advisor

Re: Harvest storage

(71 years)

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