corn price

jstpa · Jan 12, 2012

just checked cme and saw corn fell .40 cents, was just curious why the big drop. Thank You jstpa

Cas · Jan 12, 2012

The Department of Agriculture released the crop report on Thursday. Last few years it seems like they always find 300 or 400 million bushels. Where I don't know.
We need a better way to calculate how much of the grains are on hand.
If I was a betting man, I would watch for the March report(has been the reverse the last few years).

Marc_FL · Jan 12, 2012

Link To Wall Street Journal article, regarding today's corn and other grain price drop.

http://online.wsj.com/article/SB10001424052970204409004577156563310744108.html?mod=googlenews_wsj

Mike Aylward · Jan 12, 2012

This will probably make this post go "poof" but it seems this administration puts out a lot of information that later gets "revised" in a quiet way after the damage is done or so as not to make the administration look bad. It seems lots of the information made public is faulty if it has to be revised so many times. Unless it is doing exactly as designed. Mike

Spook · Jan 12, 2012

The cure for high prices is high prices. Corn has gone up a lot in the last few years. Fields near me that had never been cropped in the 25 years that I've been here, have been bulldozed out, plowed down, and planted in corn. I know of 3 local sod farms that no longer grow sod, I guess because there isn't much demand, with new housing pretty rare. All 3 are now in corn, bean, wheat rotation. A couple of folks I used to buy hay from quit haying. They just rented out the hay ground to guys planting corn and other row crops. There are a couple places here where property was subdivided, streets put in, but no houses were built. They are farming it again. And we aren't exactly in the corn belt here.

Anonymous-0 · Jan 12, 2012

Lotta guys though the $8 corn would stay $8 or go higher. There's still a lot more in the bin and on the farm than was showing up in previous reports. This report has a better handle regarding on farm stocks. Many people saw this coming. Give it a couple days and something else will trigger higher/lower prices. It is what it is...

larry from md. · Jan 12, 2012

Sold 3 loads last week and i was figureing it might go up a little. They have changed the rules so tomarrow it might go down .60.

billonthefarm · Jan 12, 2012

My marketing guy has basically just thrown up his hands and said NO ONE ANYWHERE in the industry came up with numbers even close to what the USDA has, again they suprised everyone and none of it makes sense.
bill

rrlund · Jan 12, 2012

Ya well,cattle and hog prices are steady to higher.

northvale · Jan 12, 2012

Guys, the ethanol subsidy is over. The futures traders pulled in the suckers, now its time to pull the rug out. What goes up must go down. Come on, were you born yesterday? I hope you didn't bet the farm on high corn prices. Go back to 1975 and see how that worked out. I was just a kid living in a neighborhood then and I remember. Farm Aid, get it? People bet the farm.

RODGEinIL · Jan 12, 2012

I agree with Mike and Bill, sold corn two yrs ago waited for the report, went down, sold last year before the report, got spooked, market went up! I don't know what hole they pull the numbers out of but it is totally contradictory of everything I read or hear from the marketing gurus.

Mike Aylward · Jan 12, 2012

Odds are they will find they made a "clerical error" or some such thing in a month or two. This will be after a lot of money has been lost (or made, depending on what side of the trade you were on). Mike

corn price

jstpa

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Cas

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Marc_FL

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Mike Aylward

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Spook

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Anonymous-0

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larry from md.

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billonthefarm

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rrlund

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northvale

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RODGEinIL

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Mike Aylward

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