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| "And don't think landlords aren't watching closely. Next July corn will be plus $5.00 unless we get another 90+ million acres and it looks like beans might hold that to 80 million acres so before next harvest users won't allow themselves to run short before the next time around. (08 harvest) Mark $5 on the calender."
So you are saying I shouldn't sell a bunch of newcrop 08 $3.35 corn and have the landlord want $5 rent? All the landlords remember are $4.00 corn. Corn was $4.00 here about a day. It's $3.02 local today, and headed further away, at least for the short term. A big harvest could get messy. The more corn there is, the less dramatic the wheat boys have gotta be to get what they want. | |
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How high will corn have to go to get the acres this year?
