Posted by Dave from MN on July 08, 2009 at 19:36:44 from (74.60.93.172):
In Reply to: usda report posted by J Thomas on July 08, 2009 at 17:17:38:
Corn here is drying up. alot of areas here had very poor germination due to no rain in may. North of me alot got hailed out. I here of alot of talk of southern MN, Iowa and other states not getting their corn in untill mid june due to wet land. Gonna bring yeilds down, sure there may be 87 million acres planted, but that dont gaurantee 87 millions acres will be harvested with any where close to average yeilds. That report sure did tank the cash and future prices, which is what it was probably intended to do. Corn drops too much I'll feed it to steers, goes up where I make a decent profit I'll sell it. I have to have something to harvest first though, glad I took the revenue ins, but if I have poor yeilds every year, it wont be worth insuring.
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