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Sw mn | Seems like a lot of hope for ag is getting put on making trade deals by a guy picking fights. I personally don’t think that’s how deals work, at least they don’t for me.
Old crop corn basis is half way decent, -10 locally, but new crop will be a bin buster, locally.
Can we sell it all? Will it take less acres or a weather event in north or South America to get to a reasonable price level?
Is $4 corn a reasonable level? Maybe our inputs are just too high and corn is at a reasonable price level.
Locked in some anhydrous today for $795. Ran soil tests on all fields this spring. Will not be buying any p or k. Just focus the manure spreader on the worst fields. Always use to throw out a little extra p and k for good measure but those days are gone.
Personally I’m in the camp that $4 is a reasonable price but it’s the inputs that are out of wack. Local jd shop has 18 late model 9000 series tractors for sale. I think the MUD deals will be a little less generous next year.
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Can we sell our way out of this mess?
