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Higher Higher Higher

  • Thread starter Thread starter Anonymous
  • Start date Start date
Price of Corn

Corn price per bushel
442.50 cents per bushel
Daily change of -5.000 ( -01.12% )

Corn Quote Updated Feb-24-07 12:08 AM
 
I don't see corn going down below $3.50 a bushel or by cwt $6.25. The feedlots and ethanol boys are foward contracting all they can get as they are scared the prices will move higher. Good for the cash cropper, but bad for the rancher that has to buy feed. The high feed prices will take land rents and hay prices to new levels also.
 
I think the corn boom will have lots of effect on different crops. They are taking some alfalfa out and putting in corn which drives hay prices up which makes them cut fescue hay before seed matures which drives seed prices up. I think anything crop related will see record highs , especially if the weather is dry this summer. Could get pretty bad (or good depending on perspective) before it's over.
 
My guess from smack in the heart of corn country is that there will be a lot of corn piled on the ground this fall :shock: Projected use and a planted crop can and will make a huge storage problem!!!!! There are a lot of speculators and funds driving the short term mkt. but there will be some lagtime before the plants that are ''on paper'' can come ''on line''.
 
Red Robin said:
I think anything crop related will see record highs , especially if the weather is dry this summer. Could get pretty bad (or good depending on perspective) before it's over.
Click to expand...
I think you're right, Red Robin. All of the crops will likely see record highs and the inputs will be plenty high, too. I'm trying to think of how to get by with even less fertilizer and I had already cut back the last couple of years. Hay is going to cost too much to produce and be too high to buy.

This corn deal ought to really separate the men from the boys in the cattle business - I expect we'll even see some of the good operators wash out over the next couple of years.
 
Texan said:
Red Robin said:
I think anything crop related will see record highs , especially if the weather is dry this summer. Could get pretty bad (or good depending on perspective) before it's over.
Click to expand...
I think you're right, Red Robin. All of the crops will likely see record highs and the inputs will be plenty high, too. I'm trying to think of how to get by with even less fertilizer and I had already cut back the last couple of years. Hay is going to cost too much to produce and be too high to buy.

This corn deal ought to really separate the men from the boys in the cattle business - I expect we'll even see some of the good operators wash out over the next couple of years.
Click to expand...
I think I'm diversified in a good way this time for a change. I "think" fescue seed will set records. I can also graze out some stockers. I feel like I'm in a pretty good spot at the moment but that's all subject to change instantly. One good drought and I don't get anything but a fertilizer bill.
 
I feed quite a bit of lowground meadow hay around here most of those fields are free for the takeing.As the profits go down alot of the ranchers retire here as they are all getting up in age..
 

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