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Honored Advisor

marketeye

Should be absolutely giddy today.

Markets down hard again.

I just don't get it... an ag forum  sponsored by a farm publication that has an editor that seems to want the worst for their readers.

 

I am just 10 miles too far south to have the bin buster crop that is going to come out of Iowa this year.

 

My corn is fair. Might not be a ins claim..

 

Beans are an absolute cluster ____, planted in the mud and all but fourty acres flooded over since planting and they are still trying with all their might to get me to spend another cobra type expense on them. Just can't believe they can be flooded over black and grow. Must be part waterhemp.

 

Local coop is full of corn and is not in the market for buying and receiving farm stored corn..  this is the end of July and they are full.

 

Luckily I helped them get there, wishing now I'd have vac'ed out the bottom cones in the last bins. Oh darn

 

Good friend of mine threw in the towel this summer and sold his farm and is going to do something else, anything else.

 

Wheat harvest was a insurance claim in nw Kansas this year. Lucky I was done early and got claim done,  got a text yesterday from a friend that got done just a few days after I did and the adjuster just got to him yesterday, I got paid ten days ago. He said the adjuster had 180 claims on his desk. 

 

As far as size of this year's crop, it's anyone's guess. 

 

Right now my preference is crash the market onto the fall price set on insurance, collect a check, have grain in a few tin cans, see if we get a basis cliff.

 

The farm landscape is going to be radically different in 10 years.

 

The biggies are getting the terminology ingrained onto us now.... NO MORE FARMERS, just "growers".  Going the way of poultry and swine.

 

Scary times ahead for "farmers" . 

 

We are an endangered species.

 

Surfdom ahead on the left.

 

6 Replies
Highlighted
Advisor

Re: marketeye

Lol nice sad but so true. I know it's Friday , but damn why not just take 10% off and call it the week.,? Greedy much guys ? Looking at the volume traded there just wasn't enough traded to take that much off this week. Someone has to be selling like a madman to drive down a market like this who is it and what's the sudden excitement to sell.?
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Highlighted
Honored Advisor

Re: marketeye

FUNDS ??,     Producers are selling wheat --- for sure......

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Highlighted
Honored Advisor

Re: marketeye

Maybe index his pay to the price of corn beans and wheat?

 

Starting point maybe  $5.50 corn,  $11.50 beans,  $6.25 wheat retro to Jan first of this year? 

 

Bet we'd get a different style of comments from him if not a different editor? City folks really don't understand.

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Highlighted
Senior Contributor

Re: marketeye

Swept the last bin today. Maybe that was all it took for the market to be "awash" with corn!

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Highlighted
Honored Advisor

Re: marketeye

Possibilities

Nationally a high precentage are two generations from agriculture farms or at least gardening for survival.  In this county over 50% of the "farm" entities are gone in the last 40 years.  We all know a farmer who whines like his dog just died 6 days a week, year in and year out.  Or a farmer who is way too proud.....   It is possible there are folks who enjoy the markets going down. Serves em right, big oil, big corn, commercial farms, mega prok, cattle feeders, labor abusers, land hoarders, etc etc etc    These days we get lists of enemies from the tv.  

 

Then there is the possibility that ---- since 2008 it has been the "excuse for abuse",=== economic collapse either in the US or the World...."Spending everything we can to avoid it and we have been successful so far.  Good plan lets keep it up"   But really Economic collapse would be a good story.............

 

 

I remember my dad watching the news and telling me it was bad that oil prices were down because the fathers of half the kids in my class worked in that industry.

And then there is the ultimate scary thought.........

We live in a time when folks don't really know that markets are a measure of our economic health....

 

That's right .....Now the government tells us.... Markets are just another meaningless casino......

 

 

 

Highlighted
Senior Advisor

Re: marketeye

I just don't get it... an ag forum  sponsored by a farm publication that has an editor that seems to want the worst for their readers   -- I must have missed something here - What did Marketeye post up that was against the readers - if somebody could tell me , thanks  -  The only thing I have read is that Mike tends to only post up the negetive from the traders -  thats about all you would read from them - I think it must be something about saving face what they say there is - I just say 'n' - It woundn't look good for them to say they were wrong and the Misery tiger was right  , lol make that a lmao

 

Really the drop is just a safe way for the traders to postion themselfs for Aug.12th - If the usda - comes out and don't ajust numbers for - say corn down then what the hey - they already have it beat down - BUT if they come out with a big surprise then they will jump right back in -  nothing to lose and a lot to gain .

 

Just got back from a road trip to Louisville ( Had to pick up our new Baby Boy -- - Doberman ) and back - boy I was suprised at the crops- everybody told me they where good down there  - some like here - good pretty dang good - but there was a lot more water damage than I thought I would see - specialy in the beans - man the water had to get pretty high - dead beans that were way over knee high and corn - to me looked like crap - Also yesterday had to go to Nap town - Seen 1 guy planting first time beans in Hancock county and 2 in Marion County - Don't know what that will prove .

 

 

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