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  • marklibera marklibera Feb 11, 2013 3:32 PM Flag

    OT: Ag article on Bloomberg under MON symbol

    USDA looks for large crop production this year and lower prices, depending on weather in late summer. G

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    • mark...the USDA 'always predicts a large crop of corn and soybeans' and they do that to keep grain prices down...however, while I agree with the Bloomberg article, nobody know what the new crop year will bring...

      I did receive 'a very large crop insurance payment' and because of that I still made a nice farm profit in 2012, I had the 'spring and fall option' and I took that fall price (it cost more but it really paid off for me)...

      The USDA was still predicting an outstanding crop last year even while the drought was already spreading across the the corn belt...again, I never trust the numbers from the USDA...

      I do feel that there will be a 'strong demand for all fertilizer' this crop year and nitrogen (N) will be in very high demand because it leaches out over the 'wet winter months' and there is never very much carry over of it like the other fertilizers...

      More, has anybody check out the prices of meat (???) T bone stake can cost as much as a bu. of corn ($7.01 a bu., March future), FCR (feed conversion rate) is a bu. of corn can produce about 6 lbs. of beef or about 28 lbs. of poultry or about 16 lbs. of pork..yet, they keep saying that high corn prices are running up the price of food...corn prices have dropped about a $1.00 a bu., but meat prices are still going higher...! Just a few facts to think about...! $tagg...!

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