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 - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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