Was told corn prices are on the rise

old · Aug 3, 2012

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

GordoSD · Aug 3, 2012

CBOT prices are posted every hour.

paul · Aug 3, 2012

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

notjustair · Aug 3, 2012

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.

old · Aug 3, 2012

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

paul · Aug 3, 2012

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

Jim SC · Aug 4, 2012

Last trade Friday was $8.10.

JMS/.MN · Aug 5, 2012

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.

Was told corn prices are on the rise

old

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GordoSD

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paul

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notjustair

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old

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paul

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Jim SC

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JMS/.MN

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