Thursday, November 05, 2009 8:06 AM by: Anonymous
Not anymore, vast majority of harvest will be done within the next 2 weeks.
Tuesday, November 03, 2009 10:45 PM by: Anonymous
I wouldnt be so sure of the crash quite yet. Just an opinion. Especially when it will take till end of year to finish harvest.
Friday, October 30, 2009 3:50 PM by: Anonymous
Fine, have it your way. I will laugh when this market crashes. You don't get it! It doesn't matter what is happening on your farm or everyone else's. What matters is what the spectators think, that's it. They think a huge crop is coming sooner or later. Corn is down over 40 cents already this week. A day of reckoning is coming. I said corn will below $3.50 before the end of November, and if it wasn't I'd admit that I was wrong. It's nearing in on $3.50 already. I didn't think it would fall quite this fast, but it is.
Thursday, October 29, 2009 11:11 PM by: Anonymous
Normal planting date corn would be corn that is planted before the crop insurance deadline in that area. Late planted corn would be corn planted after that date. Do you understand the difference between these two words? normal and late?
Thursday, October 29, 2009 11:04 PM by: Anonymous
Planting in the middle of June in SD would be late planted corn.
Thursday, October 29, 2009 10:59 PM by: Anonymous
October 26, 2009 9:23 AM
The market will tank once we have good harvest weather.
When is that good weather coming? January? I am not sure where you live, but here we have ethanol plants that are paying 40 cents over the market price to get corn to operate.You might have already seen your crash in the market.I guess I just thought you were being an ass and your comments really proved that I was right. Normal planting date is normal planting date. DUH!!!!!!dumb ass
Monday, October 26, 2009 9:23 AM by: Anonymous
Your condescending attitude is not appreciated. I have been farming for 30 years as well, and I know that many people are lazy and think that it is okay to plant 100+ day corn in the middle of June. I was asking just out of curiousity, because I knew that many in the Dakota's had a horrible spring. So I figured you had a late planting, but considered it normal. Because many others on this website all are complaining about having late plantings, especially in ND. That is why I asked. Either it way, it is nothing new, and won't affect the market. Old news is old news. The market will tank once we have good harvest weather, until then it will either level off or rise.
Sunday, October 25, 2009 9:08 PM by: Anonymous
You do not understand the term normal planting date? I would assume if I did not know the term or anything about farming in general that normal planting date would be the date that you plant your corn.......year after year after year......early planting date would be several days or weeks before normal planting date....late planting would be several days or weeks or months after normal planting date.
You must live in town and just visiting this site? Or this your first year farming?
I have been farming for over 35 years and have never seen a year like this.
If you are a farmer I am surprised that this information is “new” to you?
You live in the USA or you in a foreign country?
Sunday, October 25, 2009 7:58 PM by: Anonymous
No because its still old news. When did you plant?
Sunday, October 25, 2009 7:54 PM by: Anonymous
FSA reported 1.96 million acres of prevent plant in North Dakota. Are they the only state?
Sunday, October 25, 2009 4:34 PM by: Anonymous
October 25, 2009 3:51 PM
I really doubt there were many late planting of beans and corn in MN and SD. ND had some acres of late planted corn. The problem was not the planting date, but rather the weather that came after planting. Highs in the 60's and no sunshine left us with a normal planting date crop that is a month behind.Is that the new news you were looking for?
Sunday, October 25, 2009 3:51 PM by: Anonymous
Yep, the northern parts of the country are soaked and had late plantings. Anything new?
Sunday, October 25, 2009 11:01 AM by: Anonymous
Ethanol plants are just about out of corn and are going into the country to offer deal to farmers with old crop in the bins.I have never seen it this wet this time of the year in NE SD either. Water every where and rains or snows almost everyday in October. Corn is still too wet and very few beans done.
Sunday, October 25, 2009 9:48 AM by: Anonymous
Central MN, almost no harvest done here, it rains almost every other day. Corn 30% and beans 16% or more IF you can get in the fields. 68 years old and never seen a fall like this before
Saturday, October 24, 2009 6:30 PM by: Anonymous
10:16 Protein premium discounts for me are .12cents per fifth. Or .60cents per point. $1.20 discount for 12 pro spring wheat. I know what you mean its kind of a shame. That same wheat is worth about 3.85 a bushel. It has come up this week. And as soon as they take some of the protein discounts off than they usually lower your base price. You can get more for 12% winter wheat than spring wheat. Also 12% winter wheat during harvest was worth about 5-6 dollars a bushel at harvest because the harvest was poor to start in Texas. We always get shafted up north were at the tail end of harvest. If you have the power to change it Id sure like it also.
Friday, October 23, 2009 12:44 PM by: Anonymous
So the carryover from last year is in the pipeline now. Right? So that means a lot of old crop was just sold, because the new crop isn't here yet, otherwise we wouldn't have any corn, and the market would be really short. So basically when this late harvest does come in, we will have a lot of corn for the year, enough to go through this marketing year and some past next Sept 30.
Friday, October 23, 2009 12:35 PM by: Anonymous
Everyone tends to forget that the 1.6 billion carryover number was for end of marketing year Sept. 30. We've used 250 million bu. of corn each week since then. So where did the old crop corn go - it went to feed the ethanol plants and feed mills that are crushing corn and waiting for new corn to arrive. We are nearly at "pipeline" levels not because the old crop wasn't there - it's because we are trying to compensate for new crop not here yet.
Friday, October 23, 2009 12:30 PM by: Anonymous
Don't we import some corn from our neighbors too? Shouldn't that be factored in?
Friday, October 23, 2009 12:05 PM by: Anonymous
Gulke projects a 13-billion-bushel corn consumption this marketing year. At that rate, we are consuming all we can produce of this year’s projected 12.95-billion-bushel crop. “We can’t stand a poor crop next year and a reduction of 2 to 3 million acres because of continued increases in usage,” he says
Friday, October 23, 2009 11:06 AM by: Anonymous
Last year, the market was all speculation. $7 corn due to flooding that feel to under $3 corn by winter. Do you ever really believe that your corn was actually worth $7, because it wasn't, no offense, but the market was way overbought, hence the reason it fell to $3 in winter. The market is overbought now, not nearly as bad as last year, but still overbought. If corn is above $3.50 at the end of November, I will admit I was wrong. But I find it hard to believe it will be. The only way, ONLY way for it to happen is if some huge weather storm destroys large portions of the crop.
Friday, October 23, 2009 8:49 AM by: Anonymous
9:29- I think you're the one that doesn't get it. If the market is all speculation, explain why corn is selling with a positive basis level, you must be one of Bob Utterback's gang. And 11:35- I agree with you. Just where is this mountain of grain the farmers hvae held over from last year ??
Thursday, October 22, 2009 11:44 PM by: Anonymous
Part of the problem is when you throw in roughly 30% harvested on soybeans on some 70 odd million acres at 40 bushels, so far weve only harvested about enough to cover our export committments. And we all know how far corn harvest is behind. Dont forget the world is growing at a rate faster than we can feed it. China , India , etc.
Thursday, October 22, 2009 11:35 PM by: Anonymous
I'd like to know what happened to the huge glut of unpriced old crop that all the market analysts and government experts said would hit the market in September. Here in North Iowa and Southern MN the elevators are empty and the feed mills and ethanol plants are out begging for corn, even if it is poor quality. All of the so called pros are full of sh*t.
Thursday, October 22, 2009 11:18 PM by: Anonymous
Allendale Pegs Corn Crop at 13.127 BB
Firm: Good August Weather Allowed Crops to Make Up for Spring Planting Delays
////////////////////
This head line shows what Allendale knows about the weather and it's effects on the production of grain.
I do not know who would be dumb enough to pay these clowns for advice.
Thursday, October 22, 2009 11:14 PM by: Anonymous
The market can be full of speculation, but somewhere down the line someone has to produce some grain to cover the paper.
This rally might be part speculation, but some of these corn buyers need corn and soybeans.
Ethanol plants, feed mills, and soybean crushers need grain and it has been slow coming in because of the weather delays.
Thursday, October 22, 2009 10:16 PM by: Montana
We are wet here too. Most of the harvest was finished in Aug.-Sept.Since we don't have corn or soybeans, most of us don't talk about it. What we talk about is the basis and protein scales. +32 for 14% protein, and-35 cents for every 1/4 of a percent down from 14%. It goes +30 cents for every quarter up. If you have 12% protein spring wheat, the elevator discounts are about $2.80 under minneapolis, along with all of the other discounts. Is this the same for everyone?
Thursday, October 22, 2009 9:29 PM by: Anonymous
You don't get it, the market is all speculation, right now the speculation is a late harvest so prices are high, then when the harvest does come in, the speculation will be that it is a huge crop finally in, and prices will collapse. Mark my words, November will be the month where corn/bean prices collapse. If you are upset with $4 corn $10 beans... you will be very upset with what's coming...
Thursday, October 22, 2009 8:18 PM by: Anonymous
5:02 I dont think I could have said it any better myself.
Thursday, October 22, 2009 8:00 PM by: Northeast Arkansas #2
Forgot to say that Soybean basis in Memphis is +.30 the Harvest high, and going higher!!! Can't get quality beans.
Thursday, October 22, 2009 6:10 PM by: Anonymous
And then I write like a hillbilly. It's speculative money and basis levels. Sorry.
Thursday, October 22, 2009 6:08 PM by: Anonymous
I think Bill Biedermann is full of baloney. Speculative money has nothing to do with this rally. If ethanol plants and bean processors didn't have to pay 4 and 10, they wouldn't. My local ethanol plant is paying .03 over the Dec. for corn and the local elevator is paying .20 under for beans. If peculative money was truly the culprit of the rally, these basus levels would be hugely different. Demand and harvest delays are driving the rally. Again, Bill Biedermann, you're full of SH*T.
Thursday, October 22, 2009 5:57 PM by: Notheast Arkansas #2
The "disconnect" is between the field and the Elavators!! We can't get soybeans to them, and the beans that make it to the elavators are getting rejected!!! Call ADM Memphis at 870-739-1380. We have some serious quality issues down here, 52# test wt. and mold on the soybeans. The trucks are getting rejected, and having to drive to were ever they will take them!! The soybeans are NOT fit to load on river barges to go down to the gulf for export. This is the Mother of all Harvest!! and it's raining again!!!!!!!!!!!!!!
Thursday, October 22, 2009 5:02 PM by: Anonymous
Market advisors are all the same. Damn near every one of the was wrong and won't admit. They all talk about record yields but they must listen to news not available to me, I have not heard such results. When all is said and done, I believe the crops, both corn and beans, will be much smaller than any one of them anticipated. They are all trying to make us believe these prices are unjustified. Take a look outside and see if you think this weather is conducive to record harvests. I have some corn that was planted April 22 and the test weight is 53 lbs. That's alot more than most, including the rest of my own. When it's over, if harvest ever gets over, how much yield will be taken off 13 billion bushels of corn if it all weghs 51 or 52 lbs. or less ?? I think every damn one of them is short the market and trying to bulls-h-i-t the rest of us into believing them. And I hope they don't pay this gal to write a blog, I can tell you what someone else has said too, and probably a hell of alot cheaper than she does. A column called Marketing Basics is kind of misleading when the only thing that is reported is something someone else has said. And this Investec outfit from England, welcome and buy all you want.(And, I wouldn't mind an email the day before you're going to sell.)
