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Using Your Tractor & Crop Talk

Discussion Board - Was told corn prices are on the rise

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old

08-03-2012 12:25:31
209.86.226.40



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Picked up chicken feed today and it was up by $10 from last month. Was told corn prices had jumped about $2.50 a bag and is not over $10.95 a bag. Guess this drought will be felt for a long time




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Jim SC

08-04-2012 10:38:39
70.35.65.231



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 Re: Was told corn prices are on the rise in reply to old, 08-03-2012 12:25:31  
Last trade Friday was $8.10.



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Notjustair

08-03-2012 19:40:51
174.253.140.43



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 Re: Was told corn prices are on the rise in reply to old, 08-03-2012 12:25:31  
I noticed the exact same thing today. Our feed only went up by $3 a bag - layer, chick starter, and broiler. I guess I better up the price of my broilers for the next batch.



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paul

08-03-2012 13:38:18
76.77.197.102



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 Re: Was told corn prices are on the rise in reply to old, 08-03-2012 12:25:31  
Been the topic of every farmer since May already..... Where you been? :) Corn is pretty much past old news.

Now the talk has turned to soybeans - will they recover with any late rains or are they also toasted? And that will be your protien suppliment costs....

--->Paul



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GordoSD

08-04-2012 18:06:09
64.33.250.162



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 Re: Was told corn prices are on the rise in reply to paul, 08-03-2012 13:38:18  
Rich can't use the driveway since he stole the neighbor's arrow.



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old

08-03-2012 20:15:53
209.86.226.27



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 Re: Was told corn prices are on the rise in reply to paul, 08-03-2012 13:38:18  
Ah but last month my feed cost me $36 for what I get and this month it was $10 more so I did not see the higher cost till now so guess what has been talked about where you are was not felt here till now. Had a friend here today that said the same thing I have that last month not up but sure as heck it now



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paul

08-03-2012 21:14:38
66.44.133.112



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 Re: Was told corn prices are on the rise in reply to old, 08-03-2012 20:15:53  
I'm surprised those who buy grains and depend on that are not keeping abreast of such things and pre-pay at the lower prices.

Farming is turning into a real full time job, with figuring out when to lock in grain prices for sale, when to lock in fertilizer, fuel, seed, and pesticide costs.

All such are going up & down so wildly the past 3 years, and getting an even wilder ride this year, one really has to stay on top of things!

Just sold 2000 bu of corn for this October's delivery - new crop - for $7.75 today. Strange time to be locking in a fall price, and by then corn might be $2 higher.... But it could be $2 lower.

Glad stuff like that doesn't bother me too much, could be hard to sleep if it did. :)

--->Paul

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GordoSD

08-03-2012 13:27:55
64.33.250.162



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 Re: Was told corn prices are on the rise in reply to old, 08-03-2012 12:25:31  
CBOT prices are posted every hour.



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JMS/.MN

08-04-2012 23:15:31
209.237.107.155



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 Re: Was told corn prices are on the rise in reply to GordoSD, 08-03-2012 13:27:55  
Depends what service you subscribe to. Basic DTN is 10 minutes behind CBOT futures, but for the extra fee you can get real-time market quotes. With today"s volatile markets, easily moves 30-50 cents in a mater of minutes. These days, trading an hour late can get real expensive. Few weeks ago, I checked the local internet posted price, drove 5 miles to town, contracted for more than a dime under on soybeans....went to a Legion meeting that nite, and a neighbor who was in the elevator when I contracted said market recovered a dime a half hour after I left. Still, $14.22 for beans on that contract is not shabby. Last year I put in bids and averaged $13.35 for the year.

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