I have been reading a few articles recently about optimism in the price of corn and thatit may be heaading for an upward trend.
I am usually an eternal optimist so it is easy for me to jump on this bandwagon. In recent days the price has been edging up a few cents at a time.
Today prices took another upward trek and we are now around 3.946 for Dec 2017 corn before basis is removed. Still not high enough.
If we can get to the mid- $4.00 range it would be a good year for the farmers. We have been down for over two years and I am certain that some cannot survive with another year of corn below $3.70 a bushel to the farmers pocket. For some that may not be enough.
Read what others are thinking here: AgUpdate.com corn demand for 4-13-17
and Here: Dtnpf.com The Progressive Farmer
Both of these sites have great information to keep up with farming trends and markets.
While most farmers would like to see the corn and bean and wheat prices continue to rise, there are some who would like them to stay low as they have cash in the bank and would like to buy farm ground. Tight pockets means less bidders for that ground and thus softer land prices. I understand their thought process but for most farmers...I hope they can see the prices rise so they can make a profit this year...or they may be gone for next season.
There still are corn piles on the ground in Nebraska...and as long as those are there...we have too much corn available...and that will impact prices adversely.
Until next time...