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rickgthf
Senior Advisor

The direction of the price of corn?

I've been busy getting another bin up and other pressing work so I haven't paid enough attention to the price of corn & beans.  I sold a bunch earlier to good advantage but it looks like the yield is pretty good so I think maybe I better be thinking about selling some more.

  Historically, $5.50 is a pretty good price (except for the future price of fertilizer) and I'm a little afraid that when nearby contracts start to settle the traders might get the idea that it's a good time to renegotiate prices.

   What are other people thinking?

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sdholloway56
Esteemed Advisor

Re: The direction of the price of corn?

The only known variable is that SA is off to a much better start than last year.

It is still early.

AUS also looking very good. Not a major player but big enough to matter at the margin.

 

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sdholloway56
Esteemed Advisor

Re: The direction of the price of corn?

The global cockup in the N market appears to trace back to the UK and EU primarily- where a NG crisis has slowed N production.

Nordstream 2 should be on line sometime this winter but I doubt it will cure the situation quickly.

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