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Buxton ND | "Commodities are for production and sale not production and hang on to!"
DALLAS does have a pretty good point.
Lots of guys been building bins and been sitting on it, look where it has gotten us ? ? ?
I would hate to think where farm gate prices would be if Brazil had not had a drought.
Back in the day, like late 1970's/80 many took Uncle's CCC loan's then Uncle kinda said, "Hey we could just as well start a "reserve"" this built lots of bin, easy pay back when your getting payed .36 a year to store it,,,,,,,,, again look where it got us ? ? ?
We can look back to this summer, the summer prior the prices were simple not enough for the diehard GBS guys.
It still feels like we have enough of folks that seem to think if I store it just one more year their gonna hit that big $5-6 pay day in corn. AGAIN I'd would really hate to think where cash corn would be priced without Brazil's drought. | |
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Commodity loan from Fsa
