Posted 9/15/2014 08:35 (#4075315 - in reply to #4074907) Subject: For pete's sake guy's
Red River Valley
Less than 10% of the farmers forward sold any meaningful amount of crop this year when you could lock in a reasonable profit the rest all had great faith that they would see higher prices ahead and they were correct as the market rallied to $5.15 in the spring and yet very little was sold at that price because those same farmers believed that still higher prices would be available sometime down the road.
does anybody here see the pattern -- farmers will plant and wait for better prices because farmers always know better prices are just around the corner
every acre that mother nature allows to be planted will be planted and inter crop spreading will be what determines what is planted.
and guess what boys the market knows this and they also know they have time to fix the spreads to the grain they neeed after the Jan report.
I will repeat it again the market only worry is that the farmer puts this bean crop into a bin and forces the market to come and get it.
so we shall see if we Farmers can bin the beans if we don't it will get UGLY MO
2015 acres
