STORED CORN ??

To those that are hanging onto last falls corn crop(dad is;I told him to dump his 5200 bushels 5 weeks ago),would a person be $$ ahead drawing it out of a bin/dryer set-up and paying a storage fee to the local elevator , or bite the bullet and dump dry/conditioned grain to make room for what is sure to be VERY wet corn coming out of the field this fall? THANKS

I suppose its anybody's best guess,, but if you get any hotspots, moldy,black kernels,or bugs,, whoever is buying will discount it deeply...

Jus get out your bestest sharp pencl,a calculator big chief tablet,and go to work

You will be better to get rid of the dry corn and then put your wet corn in the bin You get a double hit when you take wet corn to the grain elevator, they charge you for drying and take the shrink then they also charge you for low test weight which you can usually pick up a little if you do a good job of drying. but storing the corn you haul in can cost a bunch in storage so find out what it costs then do your math and once they have it your marketing options are almost limited to the elevator.

If we knew the answer to whether it pays to store and for how long we could all have more money. Talked to someone today that said we may be experiencing the low  now and go up at harvest seems I remember it did that some  years ago But I am not good at remembering dates.  As the guy at the grain elevator told me a few years ago when the price went high most of the time they look at charts and see where the prices are going to go but that time he said that stuff was off the charts, I think this fall may go off the charts to yet. Hind-site is 20-20 to bad you didn't sell when the corn was in the mid $4.00s

Edited by DanWi - 28 Aug 2019 at 9:19pm

I almost always sold most of my corn at harvest time and then put that money (after expenses) on interest. the corn I didn't sell was the driest corn and was kept on gravity flow wagons put inside the shed til spring.

jaybmiller wrote: Does ANY farmer actually MAKE money farming ?  100+yr old farm cross street is goin to 'grow 24 , million buck houses soon... Jay

I don't know how the money works out but we emptied all the bins before harvest. we have air bins with stirrators on the farm so a little moisture is not a problem. no beans this year just wheat corn and canola.

Last season we hauled fouled corn blended with good corn to the Barge facilities, they take random dump samples so the beating is less when there is a blended feed. Still took a beating on it but was not rejected as some loads were. Drove to Washington MO today, loads of Field corn already turning, great and wide swaths in the fields stunted or extremely depressed growth, saw a number of sections with no ears showing so may never have tasseled out. Soy fields look as bad, terraced hillsides where the wet spots show damage growth the rest of a terrace looking so-so. I am betting on estimates being rather excessive so as not to scare speculators into a price run. MO River bottoms less than 15% got planted ST Louis County all the way up into IA/NB from here.

Usual crop production on the terraces is around 100-140b/acre corn, in the bottoms double that, up north around Vandalia MO similar on the plains at 200-240b/acre
Beans north went in WAY late, same on the terraces where no one is sure what will play out, 22-30b/acre? Maybe??

I believe you hit it on the head there good buddy. I was talking with our banker here a while back and he said he had a customer who has built several new chicken houses and was producing very well but said he couldn't make any money. The banker said "I'll come by and we'll talk about it and see what we can do". When he pulled in the driveway there was a new 3 bay garage with a new truck, boat, and camper parked in it and a new car for the wife. Man still didn't understand why he wasn't making any money.