Guys think that the corn market price is determined by the US crop and usage. Many look around their area and think that will be a good indicator of the fall price. They do not see a large enough area to be very accurate.
The run up in the corn price started 3 years ago when Russia had a short black wheat crop. They told everyone in late Aug. early Sept. that they would not be exporting any wheat. That and the fact that there where some weather shortages in other parts of the world made the World wide supply of feed grade starch low. So Corn being a feed grade starch, it started a run upward in price.
I was hauling corn for a neighbor in July of 2010 to the local ethanol plant. He was getting #3.42 cash for it.
Old saying on grain price cycles: "You hope to make enough profit on the up swing to cover your loses on the down swing"
There are guys that drove cash rents from $180 per acre to over $400 for the same ground. Seed Corn went from costing $50 per acre to $100. There will be landlords that will not get their rent money in the near future. Corn prices do not have to hit $2 for the fun to begin this time around. The current $4-5 corn takes the fun out of it for most of the high rent guys.
With a big crop we could easily see corn in the $3-4$ range real easy.
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. [ About Us ]
Today's Featured Article - On the Road with Dave Gohl: Deere Departed Friend - by Dave Gohl. Have you ever had to part with a dear friend? It's not easy. If it's due to death, your feelings could be in disarray for days, months or even years. Even now after almost 4 years, I still miss my dad. I remember when I was a kid my dad sometimes would tuck my brother and I in at night and we would ask him questions about his childhood on the farm. To this day, it's some of the best stories I've ever heard. And now, I'm so glad that I asked those questions, and if I were a little smarter i
... [Read Article]
Latest Ad:
1965 International Harvester McCormick Farmall cub tractor 2,500. Two owner tractor. My grandfather bought new in 1966, then we inherited it. Have all the paperwork original manual and all maintenance records. It starts and moves. Comes with underbelly mower, plough, and some other attachments.
[More Ads]
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.
