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Fry, don't hurry to price new-crop corn if March futures hit $4
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Clay SEIA
Posted 3/15/2016 09:12 (#5177348 - in reply to #5177034)
Subject: RE: Fry, don't hurry to price new-crop corn if March futures hit $4



Boone & Crockett - 3/15/2016 06:17 Fry, big difference back then was a pretty decent loan rate, IIRC, was $2.56 for corn. That was a good floor for those days. I remember putting corn under loan, collecting .265 cents a year for three years storage, and hauling it out for $3.25.


CCC loan rate was actually $2.90 in the early 80s.  Try that one on for size now....

 

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