ManyHorses
Well-known member
Farmers have so far been reluctant to sell their crop in '04 tax year... Tax considerations in addition to a huge record crop have storage facilities busting with inventory - this costs money to keep every month.
While they may not want to, farmers have to generate cash sales to meet personal and farm expenses. Huge carryover stocks and a weak demand should combine to allow cash prices to drift further down in favor of cattle producers.
Cattle producers should look to 'scoop up' lower Corn prices after the first of '05. Take your time bargaining with the farmers and elevator operators 'cause there's lots of Corn coming down the pipeline, and lots of time.
I don't want to set off another WWIII by posting another trade but March Corn closed at 204-6' just for the record.
Hope this helps somebody... Richard
While they may not want to, farmers have to generate cash sales to meet personal and farm expenses. Huge carryover stocks and a weak demand should combine to allow cash prices to drift further down in favor of cattle producers.
Cattle producers should look to 'scoop up' lower Corn prices after the first of '05. Take your time bargaining with the farmers and elevator operators 'cause there's lots of Corn coming down the pipeline, and lots of time.
I don't want to set off another WWIII by posting another trade but March Corn closed at 204-6' just for the record.
Hope this helps somebody... Richard