Posted 3/4/2024 14:10 (#10651283 - in reply to #10651115) Subject: We started shipping new crop in September..
ColoKansas - 3/4/2024 12:10
w1891 - 3/4/2024 10:22
Sorry but SC Ks is not the corn market. There is a ton of corn that will get priced.
Might not be the market.. but how much gets sent/used here.
Imagine if Illinois had nowhere to go with all that corn last year.
This area is still devoid of grain from the drought.. elevators are probably less than 40% full.. less than some years going into harvest.
I get that the areas which have had crops.. and good crops are flush.. and maybe they are lagging on sales.. but overall we're not as flush as the funds think we are.. see the 5 year NASS averages used in the ARC payment shown above.
In 2014.. we rallied from a low of $4.04 to $5.22.
Funds starting to cover.. how high? $1 Corn.. $2 soybeans??
