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.

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.

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.

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.

Here is a link to current corn price.

http://www.quotecorn.com/

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.

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.

It's still too expensive

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.

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.

I'm young and I remember when corn was $3.50. And we complained about that

$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.

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.

Feed prices will never be there again. -Gloom & Doom-

I can remember paying $3.50/100 for uncleaned corn at Fall City Milling in the early 80's.

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.

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!

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.

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.

price dropped $2 a bag here today. just bought 10 bags. $7.75 for 50 bag at Mumme's in Hondo.

Nice!!!