Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Every Thing Else Board
corn prices
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="SRBeef" data-source="post: 786286" data-attributes="member: 7509"><p>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.</p><p></p><p>Specs wants price movement. Up or Down. </p><p></p><p>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.</p><p></p><p>Demand is not going to push corn to 7.50. Speculation may. But if it does it will not stay there for long.</p><p></p><p>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. </p><p></p><p>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</p></blockquote><p></p>
[QUOTE="SRBeef, post: 786286, member: 7509"] 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 [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Every Thing Else Board
corn prices
Top