Feed grain price prospects

[cottonpicken]

If japans rates where to go up 2% all central government revenues would go to debt service costs.

This has happened many times in many countries.the consequences are right there in the history books to see.

It has not happened that many times in so many major countries at the same time and never without war.

We need a good old fashion "debt jubilee"- i didnt make it up its a real thing

[brian99]

Boy, discussions go off the rails quick these days. I don't know where the $1.70 bids are coming from, but I can still get $3.70 right now cash new crop corn, and $3.90 for march delivery, both at the bin.

[furrowtickler]

Feed grain price prospects - not good
In this area where crops were considered good two months ago - things are looking dim for the last 1/3 of harvest in cereals.
A big majority of wheat and barley coming off now is being downgraded heavily due to either frost or disease or in some cases - both. Not a good sign of things to come, again this is from one of the more fortunate areas that did not have to fight with real excessive moisture this spring /summer.

[farming101]

<a title="cash corn Bottineau North Dakota" href="http://www.bottineaufarmers.com/">cash corn Bottineau North Dakota</a>

[charliep]

Just a comment from a conference call last week. I wasn't on the call so this is second.

Because of the size of this years US corn and soybean crops, the US is dealing with a lot of the same logistic issues in 2014 we dealt with in 2013. Transportation problems equals weaker basis. Bin space issues are creeping in. Someone will have to correct me but I suspect corn doesn't store well in piles when it hasn't been dried. Not sure on the US farmers use of bags. US corn is also having challenges around molds and other storage challenges.

[farming101]

I guess the main reason I highlighted corn prices in North Dakota is that they are right next door.
It seems North Dakota is going to have basis pricing problems two years back to back.
I think bagging grain has caught on south of the border in a big way. But if the corn comes off wet it still has to be dried someday at great expense.
Looks like Brian99 has access to some excellent prices.

[charliep]

Today's Agweb article.

[URL="http://www.agweb.com/article/wide_basis_drops_north_dakota_corn_prices_below_1. 80bu._NAA_Ed_Clark/?smartid=ZZZZZZLZ11Z2Z21Z2ZZZZZZZZZZZZZZZZZZZZZZZZ ZZZZZZZZZZ&spMailingID=47090439&spUserID=MzYxMzYzN zMwMQS2&spJobID=523930399&spReportId=NTIzOTMwMzk5S 0"]Agweb[/URL]