Posted by doug in illinois on October 21, 2011 at 21:15:37 from (173.233.168.68):
I thought corn, wheat, milo (grain sorghum), soybean prices were all somewhat under the same market forces.
Guess I am wrong. Corn, wheat, and milo have all stayed at least steady or up a little in the last 10 days or so.
The beans are out and at the elevator back in Nebraska. They were $11.63 the day they were cut, they have been losing more every day. I have lost all of the .63 off the 11.63 in the last 10 days.
My sister and my share isn't all that much, but the .63 loss is right at $400.
Another dollar off and we won't make the real estate taxes.
I am going to hold for now. But if they go below $10.00 I am afraid they are just headed to a some time of low price bottom. DOUG
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