Posted by elton fancher on November 29, 2018 at 18:43:28 from (64.130.164.71):
In Reply to: Soybean Question posted by NYOlivers on November 29, 2018 at 18:31:41:
Simple answer. If they are bad enough around here, elevator, or the buyer, won't take them. If they are damaged only to a small extent, or high in moisture, they cut the money. Some folks here have gotten less than 6 bucks a bushel for what they sold. Apparently good beans under contract are still gonna bring above $10. Lots of them still in the field here, losing value every day. Rain can't be helped. But if the Chinese don't buy them, that means about 1/3 rd of good beans may have to look for another home. My family, friends and neighbors, are mostly diversified with beans and corn. But dairy is sinking here, tobacco gone, beef down. Thing don't look so good.
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