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Old 08-13-2019, 06:25 PM   #1
Dr. Evil
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Default Corn prices

If farmers are struggling so badly from low corn prices, why are bags of corn still going for $7-8? Sounds like price gouging.
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Old 08-13-2019, 06:36 PM   #2
sbushee
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Matters not. We will buy it regardless
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Old 08-13-2019, 07:06 PM   #3
Dushon
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Corn closed at $3.66/bushel today.


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Old 08-13-2019, 08:11 PM   #4
dustoffer
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Quote:
Originally Posted by Dushon View Post
Corn closed at $3.66/bushel today.


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Bushel of corn weighs 56 lbs, so at $3.66 per, that is $.0654/lb or $3.27 for 50 lbs. The difference is the profit for those sellers in the supply chain.

I haven't checked the price at local elevators lately, but might just have to do that and if it is worth it, start buying in bulk again by filling my 96-gal trash can and hauling to the ranch to fill via buckets. Last time I did this I was saving about a buck per 50-lb sack over retail outlet prices. And at my age, it is easier to carry 5-gal buckets than 50 lb bags.
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Old 08-13-2019, 08:29 PM   #5
mikemorvan
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Sellers will sell for what the market will bear. Pure and simple.
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Old 08-13-2019, 08:31 PM   #6
Dushon
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Quote:
Originally Posted by dustoffer View Post
Bushel of corn weighs 56 lbs, so at $3.66 per, that is $.0654/lb or $3.27 for 50 lbs. The difference is the profit for those sellers in the supply chain.



I haven't checked the price at local elevators lately, but might just have to do that and if it is worth it, start buying in bulk again by filling my 96-gal trash can and hauling to the ranch to fill via buckets. Last time I did this I was saving about a buck per 50-lb sack over retail outlet prices. And at my age, it is easier to carry 5-gal buckets than 50 lb bags.


I bought from the elevators at $197/ton in the spring.


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Old 08-13-2019, 08:31 PM   #7
Pthomas
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And packaging, cleaning and a lot of the corn being grown now is not feed grade corn it is fuel grade thanks to you ex president
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Old 08-13-2019, 08:36 PM   #8
Drycreek3189
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Only elevators around here are in office buildings. Can’t buy cotton seed either. You can buy a spotlight at the Dairy Queen though.......
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Old 08-13-2019, 08:39 PM   #9
Rotney
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The apple flavoring adds to the cost
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Old 08-13-2019, 08:40 PM   #10
buzzbait
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I payed $70 a 1000 last year. Haven’t checked with my source yet this year.
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Old 08-13-2019, 09:17 PM   #11
Texans42
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Pretty simple you are currently buying last years corn(probably bought a year ago)and that supply is shrinking. This year yield forecast are predicting high yield. Current price is for those wanting to contract(99%) or sell today

Last edited by Texans42; 08-13-2019 at 09:23 PM.
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Old 08-13-2019, 09:35 PM   #12
Buckwheat
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Quote:
Originally Posted by sbushee View Post
Matters not. We will buy it regardless


Bingo!!!


“There's more fun in hunting with the handicap of the bow than there is in hunting with the sureness of the gun.” -Fred Bear-
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Old 08-14-2019, 12:00 PM   #13
gingib
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I am paying $6 per 50 this weekend. Not as low as years past
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Old 08-14-2019, 12:12 PM   #14
Bayouboy
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Quote:
Originally Posted by Pthomas View Post
And packaging, cleaning and a lot of the corn being grown now is not feed grade corn it is fuel grade thanks to you ex president
Ex president (s)
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Old 08-14-2019, 12:29 PM   #15
Radar
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It will get higher in price by December
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Old 08-14-2019, 12:31 PM   #16
Graysonhogs
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Quote:
Originally Posted by Dr. Evil View Post
If farmers are struggling so badly from low corn prices, why are bags of corn still going for $7-8? Sounds like price gouging.
I believe price gouging only applies to essential items.
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Old 08-14-2019, 12:33 PM   #17
Radar
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I believe price gouging only applies to essential items.
I also think that a lot of corn never got planted up north due to all the flooding.
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Old 08-14-2019, 12:42 PM   #18
Throwin Darts
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I pay whatever the feed store that delivers charges. I'm a price taker and the price never goes down.
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Old 08-15-2019, 10:05 AM   #19
Graysonhogs
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Quote:
Originally Posted by gingib View Post
I am paying $6 per 50 this weekend. Not as low as years past


Same here in Sherman area


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