Posted by John_PA on June 29, 2013 at 19:22:54 from (72.95.163.62):
In Reply to: crop futures today posted by tractormiallis on June 28, 2013 at 19:50:59:
The problem with such a fall in prices in one year is that the input costs are still out of sight, from the profit takers selling seed and fertilizer at inflated rates, let alone an inability to control fuel prices.
It's all supply and demand. Unless we see a huge spike in demand, the supply is going to keep the prices low. If they announce the reopening of a few of those ethanol plants, and we start a serious exporting campaign, then the price has a chance to rebound. The moral of the story... We did it to ourselves. I mean, I don't do many acres, but the ones I do, I could have put into soybeans, or oats and then winter wheat.
However, it is not just corn that is taking a dive. It is all commodities and some for really dumb reasons. Well, what I call really dumb.
My example? Wheat...
Wheat took a huge plunge because a farmer found round-up ready wheat in his field. That one field just cost all wheat farmers a lot of money. As if things were not bad enough...
So, no matter what I plant, it is not going to be worth much. Last July, people were talking about $10 corn and $20 beans because of the severe drought. This year, people are talking about $3 corn and $9 beans. I never saw $10 corn and I am really hoping the $3 corn is also an exaggeration.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
