In three out of the past four years, grain prices rallied during harvest, the opposite of what normally happens. In the one year they didn’t rally, 2008, prices were at record highs before dropping precipitously. Again this fall we are seeing prices rally through harvest. It is great for bottom-line profitability, but it can be a long-term marketing challenge. The longer we see crop prices at this very profitable level, the more upward pressure we will see on land and land rent prices.
EHedger Closing Grain Commentary 11/10/10
Cattle/ Hogs higher as cash trade expectations improve/Corn lower