I always thought that markets lowered the prices just before harvest starts for a different reasons. 1) They know that a lot of operators need money for payments so they lower the prices.
2) Some farmers have pledged their crop to the elevator that financed seed, fertilizer & chemicals, so they have to sell early to pay off their debt.
3). Many farmers do not have sufficient storage to hold grains until price goes up again. We rarely ever hauled any grain to the elevator during harvest. We just stored the crop until the prices went back up, whether it was winter, spring or early summer.
The grain traders watch the markets for every opportunity to make higher profits.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather�s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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