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Old 08-18-2014, 04:32 PM  
Buehler445 Buehler445 is online now
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Corn is now $3.71. How is your grocery bill?

Can we PLEASE put an end to the horseshit of High food prices being caused by high corn prices?

Corn closed today at $3.71, while that is up off of a low of $3.58, it's down $1.50 in 4 months and almost $5 in 24. I don't see prices at the store backing off any.

I've said it before and I'll say it again. The market gives 0 ****s if the producer makes any money.

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Old 08-18-2014, 04:40 PM   #2
displacedinMN displacedinMN is offline
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I don't think anything has really gone down in price.
Milk has been ok here.
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Old 08-18-2014, 04:45 PM   #3
Buehler445 Buehler445 is online now
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The commodities have.

Even Live Cattle has come down some.
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Old 08-18-2014, 04:51 PM   #4
Halfcan Halfcan is offline
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Corn seems to be booming all over Missouri-bumper crops everywhere.
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Old 08-18-2014, 04:58 PM   #5
Baby Lee Baby Lee is offline
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3 different places have 5 ears for $1 here.
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Old 08-18-2014, 05:12 PM   #6
Buehler445 Buehler445 is online now
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3 different places have 5 ears for $1 here.
Not that corn.

That's far different.
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Old 08-18-2014, 05:13 PM   #7
Buehler445 Buehler445 is online now
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Corn seems to be booming all over Missouri-bumper crops everywhere.
Supposed to be that way all over the cornbelt. Hence the lower price.

My point is though, the price of corn has little to no correlation to the consumer grocery price.
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Old 08-18-2014, 05:19 PM
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Old 08-18-2014, 05:54 PM   #8
Cochise Cochise is offline
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I don't eat much of it. Don't care for it personally.
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Old 08-18-2014, 05:57 PM   #9
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Has the price of feed come down proportionally?
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Old 08-18-2014, 06:02 PM   #10
'Hamas' Jenkins 'Hamas' Jenkins is offline
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Food prices are tied to oil prices far more than corn prices. Commodity speculation by those given a Bona Fide Hedging exemption allowed for individuals and companies who weren't physical hedgers to speculate without limit. This is the continued reason behind the inflated price of oil, which affects the cost of planting, fertilizing, spraying, and harvesting crops and transporting all foods.

If you want to drop the price of oil and food, get rid of those hedging exemptions, which were illegal from 1936-91.
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Old 08-18-2014, 06:03 PM   #11
displacedinMN displacedinMN is offline
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Quote:
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Corn seems to be booming all over Missouri-bumper crops everywhere.
Every year the press talks about a bumper crop. Even when there was a drought.
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Old 08-18-2014, 06:21 PM   #12
cdcox cdcox is offline
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A bushel of corn could make almost eighty 15 oz cans of corn (ignore the cob). An acre yields 167 bushels of corn. Sell the corn for $1.89 per can.

You have the potential to be making over $25,000 per of revenue per acre of corn. Plant like 160 acres and you'll be cakin'.

You're welcome.
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Old 08-18-2014, 06:31 PM   #13
Fairplay Fairplay is offline
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I don't eat much of it. Don't care for it personally.
Its in a lot of products you probably eat and don't know it.
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Old 08-18-2014, 07:21 PM   #14
Hog Farmer Hog Farmer is offline
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Its in a lot of products you probably eat and don't know it.
Bingo !
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Old 08-18-2014, 07:26 PM   #15
BucEyedPea BucEyedPea is offline
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Bingo !
Not me. I read labels. Can't call me cornfed.
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