mark guildenzoph 11/19/2013 @ 10:52pm
Are you kidding me since when is 16million bushel worth 7.4 billion US dollars? I'm no expert, but that is 46+ dollars a bushel. Not much of a problem on the farmers end. Time the markets in our country start reflecting this type of return. However we should all take the hint it is a much cheaper way out to put up additional bins and store it ourselves then settle for these unreasonable prices.
mark guildenzoph 11/20/2013 @ 7:32pm
Thanks for the clarity I see that now didn't look right to me either. Still better regardless, but yes in the park.
Eric Artman 11/20/2013 @ 12:30am
It's not 16 million bushels, it's 16 million tons of beans. It works out to about $460 per ton. At 60 lbs./bu., that's 33.33 bu./ton, and it's a value of $13.80 per bushel. Maybe a little higher than today's Chicago close, but definitely in the ballpark. RTF article.
Brazil's Soybean Acreage Increases Seen… By: Luis Vieira09/14/2015 @ 3:02pm
PORTO ALEGRE, Brazil (Agriculture.com) - As the soybean prices in Chicago may be worrying a lot of…
China Grows More Corn By: Luis Vieira07/28/2015 @ 10:12am
(BEIJING, China) A lot of folks in North America may be wondering what will happen in terms of…
China to Sell Corn Reserves Soon, Analyst… By: Luis Vieira07/27/2015 @ 10:54am
SHANGHAI AND BEIJING, China (Agriculture.com) - The Chinese grain stocks, purchase intentions, and…
Get regular updates on ag news, exclusive offers, and special reports