Usually, grain prices fall at harvest time - not so this year...
Could it be the rain-reduced harvest? Devalued dollar? Increased population demands? Anticipation of shortage?
Regardless of the cause, deflation does not seem to be in the mix... Definitely inflationary. Hope you weren’t lured into corn burning stove with the $2 corn of two years ago - at today’s prices it would sure be expensive...
Current Grain Market Information
Thursday, November 19, 2009
The following is current grain market information from Carl German, Extension Marketing Specialist, UD.
From the close on September 4th to November 18th, Dec ’09 corn futures rallied 92 cents per bushel, from $3.06 to $3.98 per bushel; and Dec ’10 corn futures rallied 84 cents per bushel, from $3.56 to $4.40 per bushel.
Since October 5th, Jan ’10 soybean futures rallied $1.37 per bushel, from $8.90 to $10.27; Nov ’10 soybean futures rallied $1.32 per bushel, from $8.87 to $10.19 per bushel; Dec ’09
SRW wheat futures rallied $1.24 per bushel, from $4.42 to $5.66 per bushel; July ’10 SRW wheat futures rallied $1.23 per bushel, from $4.86 to $6.09 per bushel.
http://kentagextension.blogspot.com/2009/11/current-grain-market-information_19.html
Lord, Bless us all! [DW]
Hope you weren’t lured into corn burning stove with the $2 corn of two years ago - at today’s prices it would sure be expensive...<<<
My mind does not seem to understand burning food supplies for fuel..........
Even in the rank desert, we always were able to find enough scrap lumber and large shrubs / roots to burn, without killing anything........always good hunting for wood, after a flash flood.
With grain prices going up, and up, groceries are going to be hard to come by.
Makes those with stored wheat and grains in the basement very wealthy.......from all the saved money in the future.
I remember after Y2K, how many people were glad that they had food stored, as the jobs started laying off people and some had major sicknesses to deal with.