Saturday, August 30, 2014

Corn And Soybeans Can Drop Much More

Lately, there is a statement I have heard quite often that is a misconception. "Prices have already dropped so far, they can't go down that much more." As far as I am concerned, there isn't much validity to the hopeful way of thinking and recent events clearly show why.
"Prices can't go down much more." This is wishful thinking for any farmer who has not priced their grain going into harvest. Based on facts, prices can fall much farther than current levels. Another way to look at it; grain prices since 2010, when corn started to rally in June with farmers selling bushel after bushel for $4.00 was an unprecedented super rally and it has come to an end.(more)

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