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Central Illinois | I KNOW for a fact that most central IL terminals are sitting on a bunch of bad corn. Most of it has been hauled in the last three months, and many elevators have not been taking any corn over 5% damage for the last month. I know of two sites, Johnson Grain at Waverly and ADM in Havana going to ground piles to free up working space for the new crop. Now they bought this corn really cheap, and so any blending should lead to huge income.
What I don't know is: 1 What if they can't get all of it blended off, a lot is 30 plus damage. and 2. Will it ever get counted/ discounted on the 2009 crop?
By the way, this corn is mostly diplodia damage from last fall. The country elevators discounted it at the schedule in place then, but those discounts have really increased since then, and it is killing them when they take it to a terminal. | |
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Adding fuel to the fire
