GMN
Well-known member
Just got an arcticle from my fieldman, that they predict corn to go up to $7.50 a bushel by Mid Novemebr-I am sure we all know what that means.
GMN
GMN
corn prices
- Thread starter GMN
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1982vett
Well-known member
Predictions.... :roll: ....Weather are forecasts are predictions also.
Both will probably have the same accuracy.
Both will probably have the same accuracy.
TexasBred
Well-known member
Don't know if it will go that high but don't figure it's going down much either. PBA is suppose to be down and carryover stocks are below 900 million bushels. $6.00 is very likely tho.GMN":3s2vykrk said:
john250
Well-known member
I don't think $7.50 will happen. Maybe $7 for a high. Demand just evaporates at $7.50.
kenny thomas
Well-known member
John, if it gets to $7.00 can I send my calves to live with you? :help:
john250
Well-known member
kenny thomas":1uuinb1u said:
No.
SRBeef
Well-known member
In my opinion, much of the current increase in grain prices is due to speculation. Funny Money dollars looking for a place to make a return higher than the ridiculous 0.3% or so one gets in most bank savings, etc.
Specs wants price movement. Up or Down.
There is a lot of corn out there. Much of it, especially 09 crop, is not very good quality but it is useful for the ethanol market.
Demand is not going to push corn to 7.50. Speculation may. But if it does it will not stay there for long.
I personally believe that the underlying, demand related base price is more likely about $5, maybe 5.50 with the "short" crop, shorter at least than earlier yield predictions. But still a "good" crop overall.
If I was a corn buyer I would try to be patient. However I am not a corn buyer and this advice is worth what you paid for it. I would definitely NOT bet the farm on corn reaching and staying anywhere near your 7. or 7.50 numbers. Definitely my humble opinion though. Jim
Specs wants price movement. Up or Down.
There is a lot of corn out there. Much of it, especially 09 crop, is not very good quality but it is useful for the ethanol market.
Demand is not going to push corn to 7.50. Speculation may. But if it does it will not stay there for long.
I personally believe that the underlying, demand related base price is more likely about $5, maybe 5.50 with the "short" crop, shorter at least than earlier yield predictions. But still a "good" crop overall.
If I was a corn buyer I would try to be patient. However I am not a corn buyer and this advice is worth what you paid for it. I would definitely NOT bet the farm on corn reaching and staying anywhere near your 7. or 7.50 numbers. Definitely my humble opinion though. Jim
jedstivers
Well-known member
I don't know if it will get to 7 but I put in orders tonight to sell for 6 on old crop an 5.25 on new. I'm not waiting anymore.
larryshoat
Well-known member
The only way I would sell corn at todays prices would to be to lock in all inputs now. If corn goes to 7.50 anhydrous will be over $1000.
Larry
Larry
jedstivers
Well-known member
That's what I'm going to do, start buying fert. for the corn an cotton. In 08 I didn't book for that reason an I then prices fell but inputs didn't.larryshoat":1w7jrl4m said:
larryshoat
Well-known member
jedstivers":32zs62ub said:
You are exactly right. Seems like it gets more complicated every day.
Larry
cowboy43
Well-known member
Central Tx. 50 lb bag Deer corn $7.79
1982vett
Well-known member
Are you sure it is a 50 lb.bag? Most of the corn stamped "Deer Corn" is 40 lb. bags.cowboy43":1frj3mh3 said:
TexasBred
Well-known member
dam....saw it advertised in a sale paper from Academy about a week ago for $4.99 a bag. About the cheapest I've heard of.cowboy43":2moahxob said:
GMN
Well-known member
cowboy43":2sovc4af said:
Just curious-isn't it illegal to put out grain for the deer to hunt them?
TexasBred
Well-known member
GMN":2nzoya7n said:
Not in Texas. Most hunters start putting out protein in February and feed it thru August then follow up with corn during hunting season. Also plant a lot of foot plots as well. You might check with Alacowman about Alabama. I think they "bait" with watermelons.
jedstivers
Well-known member
Here you'll get a ticket for the watermelons but corn is fine to use.TexasBred":2y7qic82 said:
Angus Cowman
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is that because the melons draw in protected species not just deerjedstivers":22yhvrz6 said:
TexasBred
Well-known member
Angus when you bait with melon you just never know what will show up. A guy could limit out in 5 minutes.
iowafarmer
Well-known member
Corn is going to go up. Iowa had a really bad year for corn production due to too mcuh rain so a lot of nitrogen leached away. Southeast Iowa had to replant corn 3 times this spring and then couldn't get back in to spray or side dress nitrogen. Iv'e heard they are getting 140 bushels all the way down to 40 bushel yields when they should be pushing 200+, Central Iowa is in the mid 100 bushel range and should be higher also. The only parts of Iowa that have the bushels are the western part of iowa and the norhteast. When Iowa has a bad year for corn production, prices are going to go up.
