2020 Outlook

[farming101]

Yes for sure. Fert and everything else is up over 50% or in short supply. Sharpen your pencil

Great to look back. It looks like the first date with a close over 4.20 was the Dec20 contract on Nov 11/20

Another buck in it yet?

[TechAnalyst]

I believe so.

For about 2 1/2 yrs starting 2011, corn traded in a $6 - $8 range (as I'm sure you know).

$5.50 was a key level of resistance and support over the years. Now that we are clearly over, I expect we could see a return to the 6 to $8/bu range again.

Interesting times...

[farming101]

I agree, 8 is possible, but I would think might take even more downward stocks revisions to achieve.
7 is all the chart is telling me right now.

[Rareearth]

Its always a battle, technicals vs fundamentals

[farming101]

May corn has attained 7. First notice day on April 30
July 6.43. Heading for 7?

[sumdumguy]

Foragefarmer, you might still have your dear “Western Canadian Wheat Bullies”. If they weren’t such bullies. We lived with the tyrants and begged every which way for it to be different but no way. As for special crops, a fledgling industry, we lived it, railway reps told it like it was. Just sayin.

[farming101]

July corn has moved above 7. Not much overhead now but air. 8 is in view.

7+ feed barley depending on location

[AlbertaFarmer5]

July corn has moved above 7. Not much overhead now but air. 8 is in view.

7+ feed barley depending on location

What should the ratio between corn and barley be in the feedbunk, and in the same currency? I assume corn justifies a higher per bushel price due to the higher bushel weight, or does the energy content of barley cancel that out?

[farming101]

What should the ratio between corn and barley be in the feedbunk, and in the same currency? I assume corn justifies a higher per bushel price due to the higher bushel weight, or does the energy content of barley cancel that out?

Not a feedlot operator.
My understanding is for growing younger animals barley is as good or better. Corn may have the edge for finishing.
For much of the prairies landed cost is the decider.

A little more on the price of barley right now for feeders; this could all be seen coming down the pipe last fall. I will say not the price at present which is amazing, but the availability. Too bad that feeders didn't contract a bit more of their needs. They could have secured a lot of top quality barley, kept it out of the export market and saved themselves a lot of expense.

Personally we would rather serve the feedlot industry than ship barley overseas but feedlot fall bids were no where near export offers.

[Old Cowzilla]

-5 isn't very good grass or barley growing weather but the backgrounders still line up at the feed bunk for breakfast. Only the guys that have a feed pen and packing plant can handle this little blip in the grain prices.