I think the tariffs have put a big cloud over ag markets and there “is never going to ever be any supportive news ever again” on corn, wheat, beans, meat.....
And so the tariff/China issue has set up a bleak market with no investors or big money funds coming around to play the commodities game and create some upward pricing. The past decade or so much of our grain prices have been driven by speculators, which take huge sums of money (our retirement funds) and stick that money in investments that look good, such as grain futures. Back when interest was .03% it was pretty easy to stick a few billion onto corn and soybeans, and hope it would make a few million return. Now with interest at 1% and we know ‘we won’t ever sell anothe bean or corn bushel ever again,’ it’s easy for that money to be stuck someplace else to invest.
But in general, most of the price action is exactly as you say, a big global crop, no one in the world is,looking like they will be short on grains, there is no reason to bid any kind of a price for any crop. Way plenty to go around. USDA has us about to harvest one of the biggest crops ever.
The price naturally would spiral down in the marketplace.
I sold enough corn with a $1 as the first number, and beans with a $4 as the first number, to not be too alarmed with normal market fluctuations.
What bothers me more is my fields are getting drowned for the 10th time or so this summer, I’m sick of the poor summer and poor crops......
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
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 - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
... [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.