Many market analysts have been picking a bottom in these prices about every other day for the last month or so. Yet, down we go. They have ALL been wrong.
The traders seem to want to inflict pain. They are succeeding.
I bought a gallon of milk yesterday for $1.28. It seems that the market wants grain farmers to feel the pain of the dairy guys. They are succeeding.
With these low prices for corn, E15 should be a lock. Time for the EPA and others to get busy and give us more clean burning, renewable fuel.
Gas prices are up. Oil companies are making a killing.
There should be absolutely NO price increases for ANY food products with the grain prices where they are at.
Many endusers should be making good money at these prices.
President Trump keeps winning and continues to keep many of his campaign promises. Let's hope he really wants the American farmer to succeed.
Perhaps the way out of this China trade thing is for China to actually buy more of our farm commodities......not less.
The world carryout in corn is the lowest since 2012, yet here we are with some of the lowest corn prices in that timeframe. However, the USDA at the first sign of an all-out price rally in grain will somehow find 300 million bushels of corn somewhere.
If this downturn in grain prices continues for very long, there is going to be thousands of older farmers retiring. There will be lots of farmland for sale.
If you are one of those farmers retiring, don't be the last one to have a farm sale. There won't be anyone left to buy your farm.
