Posted 2/24/2024 08:55 (#10637766 - in reply to #10637531) Subject: RE: 1986 cash corn in Iowa traded below a dollar.
JonSCKs - 2/24/2024 03:44
sg22 - 2/23/2024 18:54
Really doubt it goes under $3.00 on board. When’s last time it was sub $3.00?
When I was going to College in 1986.. I remember cash corn in Iowa trading below a dollar.
fun times.
I'm pretty sure that somewhere in the 1999-2001 time frame cash corn in Iowa was really close to $1 one of those falls.
There were some huge LDP $'s had by guys that were chopping corn silage. By the time grain harvest started the price had rebounded a fair amount and the LDP was considerably less.
As for sub $3 on the board, it didn't quite get under $3 in 2020 but it got really close. I believe $3.09 was the low.
In terms of paying the bills, $3 now probably isn't a whole lot different than $1 was 25 years ago.
sub $3.00 corn
