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Adding fuel to the fire
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illfarmr
Posted 9/6/2010 21:19 (#1349254 - in reply to #1349181)
Subject: RE: Adding fuel to the fire


Central Illinois
Two different scenarios are in play here. The country elevators that bought it last fall appropriately discounted the corn at the discount schedule then. I think they thought they could blend it off, but never got enough good corn to do the job, plus you are correct that a lot of it went downhill over winter. Terminals that would take corn this summer typically discounted corn an additional 10 cents over 5% damage, and tripled or quadrupled the discount schedules from last fall, so a lot was bought for about a $1.50 per bushel. One neighbor told me he couldn't even get anyone to take 5,000 bushels. I was too embaressed for him to ask how bad it was.
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