(800) 853-2651
SHOP NOW

grain prices What the heck happened?

according to my guy here, noone is buying US grain, no world demand. Wheat is 3.68 here last night...makes it hard to pour money into planting looking forward to 3.50 next harvest....dragging my feet, thats for sure.
 
Weren't last years prices reflective of drought in Austalia and Europe? I think what we have now reflects a buyers market. Supply and demand.
 
Yep. I heard that during the noon hour on the radio yesterday. According to my local station, there will be a hard freeze in the upper midwest next week.
I've got some beans that need a lot of growing before I want anything to freeze. They might not make it.
 
SRW here in east central IL was .25 bu less than corn yesterday at 3.06. Guess I'll be feeding wheat this winter.
 
One thing I learned is always plant the same thing that everyone planted last year because they won't do to the price falling.
Walt
PS everyone planted wheat around here i told my friend it was going to be a bad year.
 
Since I'm retired----I find it a lot easier to make a million on Face Book Farm Town than I ever did with actual crops and their expenses.

Just too bad that real farmers can't make a decent living as easily or anywhere near so.

The input costs these days are astronomical especially compared to the 1970s.
 
From the other end of the supply/demand chain: it's funny that your lower prices are not reflected at our local feed mill. I'm not paying as much as the spring of '08, but they're not low by any means.

Christopher
 
DITTO Early Froast threat ,,, locked 3.10 yesterday on corn , coulda got more, by end of day , layin for 9.70 on beans target
 
as for switching up, i thought about something else like canola but it is so hard when you get tooled for wheat or corn to get new equipment or methods tohgether when you suddenly find out that one crop or another is going to tank...you just can't work a full time job to pay your bills and retool a farm in a day or two...I agree with your thinking though.
 
I guess that ADM bought some ethanol plants and closed them,some went bankrupt and folded,and some just closed.So there went some buyers of corn and since there is always a surplus of corn,the price went down.Also corn is one of those commodities that the speculators have on their list to manipulate.So they steal it from the farmer,soon as the crop is in,the price will go up next spring when they sell their stolen crops.
 
Actually we are very tight on grain supplies around the world. No big surpluses.

But, the experts feel the useage of grains will go down some.

That is drifting grain prices lower.

We are in harvest here in the northern hemisphere, that always lowers prices.

Sounds like external_link is starting a trade war with China, imposing a big tarriff on tires from China. This will result in China putting a tarriff on 'something' they import from the USA - that is either going to be grains or meats, that's all they import from us. So we are repeating what Jimmy Carter did to farmers..... Yuk. Plus, our tires will cost more...

Many crops in the upper midwest are very late this year. They need more heat & sun to get ripe. So, any frost scare is going to make the grain prices run up real fast in a day or 2. But that will be short lived - they will drop again during the rest of the week.....

Welcome to farming. Buy retail, sell wholesale. Watch the govt mess up your markets.

--->Paul
 
You must log in or register to reply here.

Similar threads

C
1927 15-30 Deering McCormick tractor restoration
Replies
1
Views
299
used red MN
U
jon f mn
New calf in the kingdom
Replies
12
Views
904
SweetFeet
SweetFeet
S
Driverless tractor demo- F P S
Replies
13
Views
587
DoubleO7
DoubleO7
C
Unknown corn picker model
Replies
8
Views
783
Absent Minded Farmer
Absent Minded Farmer
3
Scrap meal prices
Replies
19
Views
2K
BarnyardEngineering
BarnyardEngineering
Tractor Parts Tractor Manuals

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today.

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters
Website Accessibility Policy

Back
Top