| IN555 - 8/11/2024 20:20
So according to our government inflation is up 20.8% since the start of covid. If you just took today's futures price and adjust it for inflation just during that timeframe that makes corn 3.12 and 7.90 on the board. So yes I understand that grain prices and inflation don't track hand and hand but in that short of a period there should be a strong correlation. The cost of living is up that much, machinery, labor, inputs and so much more that make these current prices as cheap as we have seen since pre ethanol boom. Just a little perspective of where we are price wise with the market expecting a monster crop.
I get your point, but I don't think that is correct. Or not the way I would look at it anyway. 20.8 percent added to a price is not the same as 20.8 pct subtracted. There's about 45 cents difference. 999 minus 20.8 pct is 791. But 791 plus 20.8 pct is 955. Not pleasant either way but it is dependent on how's it's calculated.
Take care |
3.12 corn and 7.90 beans
