1234 - 2/6/2016 17:05

Redoak, the simple fact is that while everybody in Ag (and oil) is screaming poverty as far as I can tell the prices of food & other goods (except maybe gasoline) haven't decline much if any at all. That tells me that somebody is making money. An old beef marketer told me once that somebody makes money on every head sold, whether a scrawny cull dairy cow or the best finished steer. The trick is to be the one who makes that profit.
The question I'm curious about is this: Given all this talk about 90 million planted acres of corn and 85 million planted acres of beans and a 100 MMT Brazil bean crop how growers can justify planting a crop that is a quarranteed money loser? Yet I have been universally assured that every acre will get planted.