I always thought that markets lowered the prices just before harvest starts for a different reasons. 1) They know that a lot of operators need money for payments so they lower the prices.
2) Some farmers have pledged their crop to the elevator that financed seed, fertilizer & chemicals, so they have to sell early to pay off their debt.
3). Many farmers do not have sufficient storage to hold grains until price goes up again. We rarely ever hauled any grain to the elevator during harvest. We just stored the crop until the prices went back up, whether it was winter, spring or early summer.
The grain traders watch the markets for every opportunity to make higher profits.
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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.
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