Forums46
Topics538,381
Posts9,736,468
Members87,084
|
Most Online25,604 Feb 12th, 2024
|
|
|
Corn prices compared to this time last year
#4410667
07/22/13 05:48 PM
|
Joined: Jul 2010
Posts: 1,806
MathMan
OP
Pro Tracker
|
OP
Pro Tracker
Joined: Jul 2010
Posts: 1,806 |
I've been watching this years corn prices compared to last year. I'm wondering why the corn prices at the store haven't gone down? The price last year per bushel on July 19 2012 was $7.29 per bushel. Today it is $4.95 per bushel. That's $2.34 cheaper per bushel. Why is the price per bag at the store not lower than this time last year? I understand that they have processing cost but it seems the price is the same as it was last year. Are the feed stores just making more money? Here is the US agriculture forecasts from last year and this year. July 11 2012 projections. Last year. July 11 2013 projections. This year.
|
|
|
Re: Corn prices compared to this time last year
[Re: MathMan]
#4410704
07/22/13 06:01 PM
|
Joined: Nov 2012
Posts: 367
EastTexun
Bird Dog
|
Bird Dog
Joined: Nov 2012
Posts: 367 |
I would hazard a guess that those prices haven't made their way from the field and into the bagged corn yet. I know several guys that are harvesting right now, so it will take some time to get it at your local store. I don't buy much corn this time of the year, but the bags I bought on Saturday were definitely not this year's harvest.
Having said that, shot placement is key and there is only one level of dead. Us east Texans can't afford turquoise and elk ivories for jewelry. So we use hog tushes and coon peckers.
|
|
|
Re: Corn prices compared to this time last year
[Re: MathMan]
#4410715
07/22/13 06:06 PM
|
Joined: Mar 2013
Posts: 306
WNPHNTR
Bird Dog
|
Bird Dog
Joined: Mar 2013
Posts: 306 |
Feed stores and wholesale buyers sign purchasing contracts on their grains several months ahead of time, and are locked into that buying price for the length of that contract, or until they have sold the amount that they contracted to buy. When they need to buy more, that new contract will be a reflection of the grain prices at that time, and the prices we pay. I was told last week that this years crop should hit the market around November, and it will be cheaper. A retail price of around $9.00 / 50lb.
|
|
|
Re: Corn prices compared to this time last year
[Re: WNPHNTR]
#4410744
07/22/13 06:14 PM
|
Joined: Sep 2009
Posts: 18,960
ChadTRG42
THF Celebrity
|
THF Celebrity
Joined: Sep 2009
Posts: 18,960 |
Funny, I just talked to several feed stores to get pricing on 50# bags, since we need A LOT of corn to get feeders filled. 2 of them said that they were on summer prices from the last several months with the additional fuel costs in the corn. One said that within the next month or two, they will be on current pricing, and the prices will be coming back down. He suggested I wait a month, but I need corn now. So I may just get enough to last a month or so.
|
|
|
Re: Corn prices compared to this time last year
[Re: MathMan]
#4410856
07/22/13 06:55 PM
|
Joined: Jul 2005
Posts: 4,047
nuprofessor
Extreme Tracker
|
Extreme Tracker
Joined: Jul 2005
Posts: 4,047 |
Bag corn around here is about 50 to 75 cents a bag (50#) higher than same time last year. If I were to buy it in bulk (over 1000# NOT BAGGED) the price would be about $1 to $1.50 lower per 50# weight. Don't need that much, plus don't have anywhere to store it or anything to haul it in.
CHILDREN ARE OUR FUTURE FOR TOMORROW. INVEST IN TOMORROW BY TAKING A CHILD HUNTING OR FISHING TODAY.
|
|
|
Re: Corn prices compared to this time last year
[Re: ChadTRG42]
#4410863
07/22/13 06:57 PM
|
Joined: Aug 2012
Posts: 588
Mohawg
Tracker
|
Tracker
Joined: Aug 2012
Posts: 588 |
I was told that yes the market had gone down, but the availability was not there yet. So that being said, ( They want to sell the old stuff first)
|
|
|
Re: Corn prices compared to this time last year
[Re: Mohawg]
#4410890
07/22/13 07:05 PM
|
Joined: Jul 2010
Posts: 1,806
MathMan
OP
Pro Tracker
|
OP
Pro Tracker
Joined: Jul 2010
Posts: 1,806 |
I was told that yes the market had gone down, but the availability was not there yet. So that being said, ( They want to sell the old stuff first) Makes sense on y'all's explanations. I'll keep a watch on it.
|
|
|
Re: Corn prices compared to this time last year
[Re: MathMan]
#4411093
07/22/13 08:15 PM
|
Joined: Oct 2012
Posts: 123
TexasEx57
Woodsman
|
Woodsman
Joined: Oct 2012
Posts: 123 |
|
|
|
Re: Corn prices compared to this time last year
[Re: MathMan]
#4411128
07/22/13 08:24 PM
|
Joined: Apr 2007
Posts: 60,565
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,565 |
I was told that yes the market had gone down, but the availability was not there yet. So that being said, ( They want to sell the old stuff first) Makes sense on y'all's explanations. I'll keep a watch on it. Corn you are currently buying was harvest last year, current commidites prices are for contracts, more or less. Say I grow corn... futures show $ 5 a bushell. I can contract my corn. Meaning as long as I produce I'm locked into that corn price at harvest for as many bushell I have contracted. What your seeing price wise in futures currently or even into Oct. Mean nothing to the average guy.
|
|
|
Re: Corn prices compared to this time last year
[Re: TexasEx57]
#4411147
07/22/13 08:28 PM
|
Joined: Oct 2006
Posts: 3,901
JJH
Extreme Tracker
|
Extreme Tracker
Joined: Oct 2006
Posts: 3,901 |
If you look at corn futures, the price drops a lot in Sept., when a large Midwest corn harvest is expected to hit the market. Current cash prices for "old crop" corn are still relatively high.
|
|
|
Re: Corn prices compared to this time last year
[Re: JJH]
#4411267
07/22/13 09:01 PM
|
Joined: Aug 2005
Posts: 32,012
txtrophy85
THF Celebrity
|
THF Celebrity
Joined: Aug 2005
Posts: 32,012 |
I'm young and I remember when corn was $3.50. And we complained about that
For it is not the quarry that we truly seek, but the adventure.
|
|
|
Re: Corn prices compared to this time last year
[Re: MathMan]
#4411288
07/22/13 09:06 PM
|
Joined: Aug 2009
Posts: 3,850
Texan Til I Die
Extreme Tracker
|
Extreme Tracker
Joined: Aug 2009
Posts: 3,850 |
$5 a bushel sounds about right. I just bought a trailer load (just over a ton) straight out of the combine for $200.
Silver spurs and gold tequila keep me hanging on. Pretty girls and old cantinas give me shelter from the storm.
|
|
|
Re: Corn prices compared to this time last year
[Re: Texan Til I Die]
#4411325
07/22/13 09:14 PM
|
Joined: Apr 2007
Posts: 60,565
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,565 |
$5 a bushel sounds about right. I just bought a trailer load (just over a ton) straight out of the combine for $200. Becareful of moisture content.
|
|
|
Re: Corn prices compared to this time last year
[Re: BOBO the Clown]
#4411452
07/22/13 09:44 PM
|
Joined: Jul 2010
Posts: 1,806
MathMan
OP
Pro Tracker
|
OP
Pro Tracker
Joined: Jul 2010
Posts: 1,806 |
Price of corn at Falls City Mill went down last Thursday. I just went and bought a bag. $8.45 per 50#. Lady at the counter said they went down last Thursday. It was $9.65 before that. She said they knew they should go down but no one else was.
|
|
|
Re: Corn prices compared to this time last year
[Re: txtrophy85]
#4412979
07/23/13 11:17 AM
|
Joined: Aug 2012
Posts: 588
Mohawg
Tracker
|
Tracker
Joined: Aug 2012
Posts: 588 |
I'm young and I remember when corn was $3.50. And we complained about that Feed prices will never be there again. -Gloom & Doom-
|
|
|
Re: Corn prices compared to this time last year
[Re: txtrophy85]
#4413029
07/23/13 11:58 AM
|
Joined: Aug 2010
Posts: 60,296
stxranchman
Obie Juan Kenobi
|
Obie Juan Kenobi
Joined: Aug 2010
Posts: 60,296 |
I'm young and I remember when corn was $3.50. And we complained about that I can remember paying $3.50/100 for uncleaned corn at Fall City Milling in the early 80's.
Are idiots multiplying faster than normal people?
|
|
|
Re: Corn prices compared to this time last year
[Re: BOBO the Clown]
#4413259
07/23/13 01:42 PM
|
Joined: Sep 2009
Posts: 3,453
dfwroadkill
Veteran Tracker
|
Veteran Tracker
Joined: Sep 2009
Posts: 3,453 |
$5 a bushel sounds about right. I just bought a trailer load (just over a ton) straight out of the combine for $200. Be careful of moisture content.
|
|
|
Re: Corn prices compared to this time last year
[Re: dfwroadkill]
#4413610
07/23/13 03:13 PM
|
Joined: Apr 2010
Posts: 340
mr. buck
Bird Dog
|
Bird Dog
Joined: Apr 2010
Posts: 340 |
Sept futures down another .17 today, to 5.23 with dec down .13 to 4.84. Its the low print for that sept contract dating to april of 2011 and low for the dec contract dating back to nov of 2010.
|
|
|
Re: Corn prices compared to this time last year
[Re: stxranchman]
#4414236
07/23/13 07:11 PM
|
Joined: Mar 2012
Posts: 21,271
SniperRAB
THF Celebrity
|
THF Celebrity
Joined: Mar 2012
Posts: 21,271 |
I'm young and I remember when corn was $3.50. And we complained about that I can remember paying $3.50/100 for uncleaned corn at Fall City Milling in the early 80's. Did you play Football with a Leather Helmet Gosh Doggit you Tee'd that up Ranchman! I do remember Chummin like a Big Dog just to not have to haul it back, not so much now!
|
|
|
Re: Corn prices compared to this time last year
[Re: SniperRAB]
#4416676
07/24/13 03:32 PM
|
Joined: Jan 2013
Posts: 339
Creek Henry
Bird Dog
|
Bird Dog
Joined: Jan 2013
Posts: 339 |
Would the US abandoning the wholly failed ethanol as fuel endeavor help or hurt prices?
|
|
|
Re: Corn prices compared to this time last year
[Re: Creek Henry]
#4417138
07/24/13 06:23 PM
|
Joined: Apr 2007
Posts: 60,565
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,565 |
Would the US abandoning the wholly failed ethanol as fuel endeavor help or hurt prices? It depends on the export market. Prices will fall but won't stay low for long. Infact I bet we haven't seen the highest corn prices yet.
|
|
|
Re: Corn prices compared to this time last year
[Re: Mohawg]
#4417148
07/24/13 06:28 PM
|
Joined: Apr 2007
Posts: 60,565
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,565 |
I'm young and I remember when corn was $3.50. And we complained about that Feed prices will never be there again. -Gloom & Doom- They will but that price isn't substainable that low. No farmer will farm for 3.50 bushell. They are in the red. I think china, will end up stablizing the market around 6-6.5 a bushell, which is still very cheap corn.
|
|
|
Re: Corn prices compared to this time last year
[Re: BOBO the Clown]
#4423325
07/26/13 07:16 PM
|
Joined: Oct 2010
Posts: 912
driedmeat
Tracker
|
Tracker
Joined: Oct 2010
Posts: 912 |
price dropped $2 a bag here today. just bought 10 bags. $7.75 for 50 bag at Mumme's in Hondo.
|
|
|
Re: Corn prices compared to this time last year
[Re: driedmeat]
#4424536
07/27/13 05:00 AM
|
Joined: Jul 2010
Posts: 1,806
MathMan
OP
Pro Tracker
|
OP
Pro Tracker
Joined: Jul 2010
Posts: 1,806 |
price dropped $2 a bag here today. just bought 10 bags. $7.75 for 50 bag at Mumme's in Hondo. Nice!!!
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|