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SD | 60% Corn
60% Soybeans
60% Wheat
I will do incremental sales when profitable levels are reached. We have a ways to go but hopefully it will happen the next 2 months. If not, I'm selling it all for a loss.
I'm optimistic we will have a better year this year. You have to remember it only takes one catastrophe for things to turn around. 2016 will not break any record yields. Farmers nationwide will reduce inputs. Also, I ran some numbers for the farm program payments and it looks like there is a chance for a better payment for 2016 than 2015 with these low prices. I'm pretty bullish on the future of ag most of the negative news is in.... unless China buys US.
Local Cash Price
Corn $2.94
SB $7.94
Wht $4.47
Breakeven Estimate
Corn $3.12
SB $8.20
Wht $5.00
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Unprotected bushels poll
