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Senior Contributor

Re: MFP Payments

BA, not going to argue the why of prices but I think you better recheck your summer 17 prices.

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Honored Advisor

Re: MFP Payments

Thanks Gurly, I don`t know what I`m trying to say Smiley Happy

 

https://www.extension.iastate.edu/agdm/crops/pdf/a2-11.pdf  

 

 

But look, in 2017 March through June soybeans were cheaper than in 2018. That was back when China and everyone thought that all the talk of correcting the trade imbalance was just blowing smoke. I think there is a lot of evidence that maybe if China was still sending stuff here with no tariffs and they didn`t tariff our beans, prices would be 30 cents better on the board and 20 cent better basis?  Right now bean basis here is a buck, however it`s been 80 cents since Shep was a pup.

 

2017 9.58 9.71 9.58 9.29 9.14 8.98 9.32 9.05 9.18 9.15 9.21 9.20 9.28 9.25

 

 

2018 9.15 9.36 9.64 9.75 9.58 9.52 9.15 8.38 8.44 8.71 9.17

 

         Jan   Feb   Mar  Apr  May  Jun  Jul  Aug  Sep Oct  Nov  Dec

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Honored Advisor

Re: MFP Payments

I can't imagine that Jim,  why on earth would a banker assume some responsibility for the problems of their customer?

 

Here's one of the best bankers I know........... "the farmer has nearly 100% control of his expenses, a smaller amount of control of his production, and very little control of the markets............ The bank is not going to tell you how to farm....Be an agressive marketer and have full control of your spending......it is a survival game not monopoly "

 

 

 

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