Corn down hard today..what did I miss??

Dave from MN · Sep 1, 2011

Some report come out saying alot of old crop out there, or record yeilds, lesss demand??? Was hoping for some $7.50 N/C on a few bushels to bring up the contracted average. Argh!!!!!!!!!!!!!

INCase · Sep 1, 2011

??
USDA rated Indiana corn at about 37% good to excellent down from 55% last year.

rustyfarmall · Sep 1, 2011

I think someone is playing games. Between the drought in the south, the flooding along the Missouri river, The hail storms and hurricanes, etc., The yield just isn't out there.

Anonymous-0 · Sep 1, 2011

Typical drop in price before a long weekend. Nothing to worry about. This follows 3 days of near limit up trading. Once upon a time, $.30 one way or another would be HUGE news. With current prices and todays volitile market, not so much. It's hard to change old ways of thinking, but $.30 is 2011's version of a $.05 change 10 years ago. Get used to it. The thing is, with any commodity market these days, look at long term trends and don't sweat a one day rise/fall.

Now if it goes limit down 3 or 4 days in a row next week....then start thinking panic.

HP 28-50 · Sep 1, 2011

An old timer told me August is generally that way across the grain and live stock markets. I guess they are making the last guess to correct their past guess before the crop comes in.

Charlie M · Sep 1, 2011

I saw a story today on how a record harvest is still possible. I find it hard to believe with all the weather related issues in much of the country. Its hard to find a state anywhere in the country that hasn't had significant weather issues somewhere.

David G · Sep 1, 2011

I am hoping we have enough to make contract. We should come out close with yields and insurance. I do not know if there will be a surplus for spot markets.

This is in east central Iowa.

JMS/.MN · Sep 1, 2011

Winter to Spring, 09-10....waited several times for corn to come up above 3 bucks, to sell at 3.25. Year and a half ago! Seriously- who will complain about today"s corn or bean price? Big crop? no- too much seed in more than MN was still in the bag on June 1! Clay ground, one county West of you....first day in the field was May 17- latest in over three decades.

Corn down hard today..what did I miss??

Dave from MN

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INCase

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rustyfarmall

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Anonymous-0

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HP 28-50

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Charlie M

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David G

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JMS/.MN

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