"Many of my neighbors are asking 'when does the white flag come out for the local end-users?'" says Agriculture.com Marketing Talk frequent contributor ne 50. "Many had until 45 days ago to buy corn at lower than $5.00 numbers. So, if they did get 50% to 60% bought at that price, the rest at $8.00 or more gets them to a $6.50 to $7.00 average. Looks pretty good right now for an average. It's next year that bothers the hell out of me."
Adds Marketing Talk veteran contributor ag678: "If you are not vertically integrated and you did buy a lot of corn, and you are faced with running it through cattle or an ethanol plant at less profit than if you just sold it back to the market, at what point do you resell it to the market? If you were a farmer feeder today, would you rather sell for 8.00 and haul it town or would you put it through cattle get 7.00 and have to do chores everyday?"
