AgTalk Home
AgTalk Home
Search Forums | Classifieds (159) | Skins | Language
You are logged in as a guest. ( logon | register )

$5 corn?
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
farmer in ontario
Posted 8/12/2010 19:50 (#1312600 - in reply to #1312579)
Subject: Re: $5 corn?


Ontario
I see, so if corn were to hit $5.00 what will you do?

Futures markets go up & down, and they normally do not stay high for that long. So if it were to go to $5.00 I would book it, because next thing you know it will be lower.

Funny how all the talk at the beginning of June was sub $3.00 corn. That was a buying opportunity. Now it could be cash croppers selling opportunity.

Also fertilizer prices have never settled back to the values prior to 2008, so you need probably a $4.00 cash price to make things work.

I do not understand the mentality that if the price should go to a certain area that we should not have it? Last time I checked, the people in the air conditioned offices with the pensions have a lot better life & lifestyle than us. Are we not worthy?

I had some corn booked for $5.00, some for $4.50, some for $4.00 for shipping this July (2010): You know what the cash price was when I shipped it? $3.50/bu. So how did this not work out for me and the end user? I think the futures market helped both of us realize a reasonable return.

P.S. I started buying my fertilizer inputs for next year, this week.

Edited by farmer in ontario 8/12/2010 19:59
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)