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DougG 
Orange Level
Joined: 20 Sep 2009
Location: Mo
Points: 8266
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 Topic: The future of this 2018 crop prices ?
Posted: 16 Jul 2018 at 6:28pm |
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Whats everyones thoughts on this corn and bean crop prices ? Here in central Mo its all looking great, bumper crops in all ,, I listen to Farmer Dave on 550 AM St Louis going to work in the mornings and all is going good except for a few places,,, prices are cheap already , can they go lower ?
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560Dennis
Bronze Level
Joined: 30 Apr 2011
Location: NE OHIO
Points: 117
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Posted: 16 Jul 2018 at 7:32pm |
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I hope and pray for you guys , we have to stand up for the number on industry in the country. 🙏👀🤓
I don't have a clue as to what's going to happen .
Press ahead !
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cabinhollow
Orange Level
Joined: 24 Mar 2018
Location: SEKY
Points: 327
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Posted: 16 Jul 2018 at 8:43pm |
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As I feed most of my corn, I base my corn value on feed replacement cost.
Last year my corn had a feed replacement value of $1500/ac, with a out of pocket cost of $300/ac. Take out $200/ac cost for land,etc and I had a $1000/ac return for my labor, on paper.
If you just product 1-2 crops/items and just sell it on the open market, 1-2 years out of 5, you are going to get hit hard.
Even with my sheep, I have 3 income streams from them and I am working on a 4th one.
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shameless dude
Orange Level
Joined: 10 Apr 2017
Location: east NE
Points: 13607
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Posted: 16 Jul 2018 at 10:31pm |
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the corn around here looks good, 2nd and 3rd ears won't produce much tho, and there are ALOT of real short soybeans, maybe a foot tall, not sure if they are gonna grow much taller now.
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HD6GTOM
Orange Level
Joined: 30 Nov 2009
Location: MADISON CO IA
Points: 6627
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Posted: 16 Jul 2018 at 10:49pm |
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The corn crop should be good for other parts of the country. Had huge storm go thru several weeks ago. Current reports are 60% of the corn was broken off over thousands of acres.
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shameless dude
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Joined: 10 Apr 2017
Location: east NE
Points: 13607
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Posted: 17 Jul 2018 at 2:15am |
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Cargill sets our local prices
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Calvin Schmidt
Orange Level
Joined: 11 Sep 2009
Location: Ontario Can.
Points: 4529
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Posted: 17 Jul 2018 at 5:25am |
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Prices will be in the toilet for two reasons. Size of the crop and your president Trump (I'm glad he is yours). He loves picking fights and your biggest trading partners are now security threats in his mind and he is getting very friendly with counties who are NOT your friends. Maybe they will start buying corn and beans. There is going to be a lot of problems in farm country in the next year. Farm equipment manufactures have already announced price increases. Just for the record; Canada has a trade deficit with the US. And while I'm at it, Trump just announced that he has filed a complaint with the WTO against the countries that have placed retaliatory tariffs on the US. Did he really think we were going to cower in a corner and not react? (Likely should have been in the political section)
Edited by Calvin Schmidt - 17 Jul 2018 at 6:13am
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Nothing is impossible if it is properly financed
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jaybmiller
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Joined: 12 Sep 2009
Location: Greensville,Ont
Points: 24413
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Posted: 17 Jul 2018 at 5:49am |
I always wondered if 3 local farmers grew 'out of sync', if they'd get a better price for their crops.A grows wheat-beans-corn, B grows beans-corn-wheat, C rows corn-wheat-beans. That way they don't flood the market with beans,lowering the prices. Probably doesn't matter,just something I thought about..it's a 'corn year' around me by the looks of it.... BTW, I'd like to know what a loaf of bread's costing south of the 49th.
Jay
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3 D-14s,A-C forklift, B-112
Kubota BX23S lil' TOOT( The Other Orange Tractor)
Never burn your bridges, unless you can walk on water
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shameless dude
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Joined: 10 Apr 2017
Location: east NE
Points: 13607
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Posted: 17 Jul 2018 at 11:39pm |
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depends on what kinda bread!
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jaybmiller
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Joined: 12 Sep 2009
Location: Greensville,Ont
Points: 24413
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Posted: 18 Jul 2018 at 5:50am |
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OK.. how about 100& whole wheat ? NOT 'wonder bread',caus eyou wonder what's in it that allows it to not go moldy after 2 weeks....
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3 D-14s,A-C forklift, B-112
Kubota BX23S lil' TOOT( The Other Orange Tractor)
Never burn your bridges, unless you can walk on water
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Tbone95
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Joined: 31 Aug 2012
Location: Michigan
Points: 12016
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Posted: 18 Jul 2018 at 6:55am |
When you look at the market, the area, the sheer magnitude of things, it's mind boggling. Southern and southwestern MI, a lot of OH, PA, who knows where else was extremely late getting corn in due to cold then extreme wet. Other area, all you heard was crying about flooding it out, hailed out, blown over.... ...and yet, bumper crop driving price down. ...and record stocks on hand from last years crop driving price down. ...and the tariff spat driving price down. I'll be starting to take the flail chopper through my corn field today, to feed my cows because my pasture died in severe drought, and most of the corn I had planned to grow for grain is about waist high, spindly, and tasseling out, likely to produce little to no ear at all. But I figure not selling that corn will be cheaper than buying hay that was about 60% of a crop. We got rain late last week. Too late for my corn, praying it saved the beans. Truly could have been a farm-saving rain, as the hay fields are greening up and just might give me something to cut and get by. So prices might be down, but at least I won't have much to sell!  
Edited by Tbone95 - 18 Jul 2018 at 7:07am
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Tbone95
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Joined: 31 Aug 2012
Location: Michigan
Points: 12016
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Posted: 18 Jul 2018 at 7:09am |
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Jay, bread anywhere from $2-$3. "ish".
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Unit3
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Joined: 17 Oct 2009
Location: NC Iowa
Points: 5576
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Posted: 18 Jul 2018 at 12:08pm |
^v^v^v I have no idea. US Farm Report was telling that it will go back up. Our inventory in tightening and many places are not as good as believed. Outside buyers will return as there stocks go down.
I wish I could sell ahead, but have never done it and kind of scared to sell what I don't have.
I wish our President's (all of them)would stop using us as the point of their economic swords. Who are they to hack with free trade? I don't care how great of a business man you think you are; you are never going to change the minds of a kubillion Chinese. They have been on this earth for 5000 years and the USA has been around 250 years. We aren't hardly old enough to sit at the big kids table. Sometimes you need to build a fence, and other times you need to build a bridge. Which time do you think this is?
Edited by Unit3 - 18 Jul 2018 at 12:09pm
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2-8070FWA PS/8050PS/7080/7045PS/200/D15-II/2-WD45/WD/3-WC/UC/C
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Coke-in-MN
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Joined: 12 Sep 2009
Location: Afton MN
Points: 41902
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Posted: 18 Jul 2018 at 12:54pm |
Seems Mexico says they are going to buy Brazilian corn to punish the US for not allowing Illegals to cross the border into the US. So now watch the push for 15% to 20% ethanol in US gasoline as part of Dems farm saving bill . No problem that the auto industry is also pushing this as most older vehicles will have nothing but problems with higher alcohol content of fuel along with the MPG will drop also .
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Faith isn't a jump in the dark. It is a walk in the light. Faith is not guessing; it is knowing something.
"Challenges are what make life interesting; overcoming them is what makes life meaningful."
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Lars(wi)
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Joined: 14 Sep 2009
Location: Permian Basin
Points: 7811
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Posted: 20 Jul 2018 at 9:15pm |
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I say go ahead Mexico, what are they going to pay for the corn with? The Peso?? HAHAHA!! the Peso aint worth crap outside of Mexico. Mexico will need to sell something to the U.S., take those American dollars to Brazil to purchase corn.
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I tried to follow the science, but it was not there. I then followed the money, and that’s where I found the science.
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