aRBy
Veteran Author
Grand Rapids
Posts:447
Points:300,930
Joined:May 2005
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Message Posted: Apr 29, 2011 10:24:43 PM
I don't know. However, if the price remains high, more corn will likely be planted.
Throughout history, human beings have endeavored to produce MORE of the things that are in demand.
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KatieandVinnie
Rookie Author
Milwaukee
Posts:9
Points:3,005
Joined:Apr 2011
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Message Posted: Apr 29, 2011 3:55:02 PM
too high
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thebrohta167
Champion Author
New Jersey
Posts:1,460
Points:234,540
Joined:Nov 2010
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Message Posted: Apr 29, 2011 11:10:52 AM
quite high
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stickyvalves
Champion Author
Iowa
Posts:5,255
Points:1,553,720
Joined:Oct 2005
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Message Posted: Apr 29, 2011 10:50:01 AM
This much we know - the futures markets will fluctuate. Right now the demand is driving a higher market. I doubt that changes for 2-3 years. Grains are in a whole new trading range and it is higher, not lower.
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nrg2004
Champion Author
Austin
Posts:2,345
Points:703,205
Joined:Mar 2004
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Message Posted: Apr 28, 2011 8:28:55 PM
I had read a report that 40% of corn was headed to ethanol plants, the corn fields here in Texas where I live are drying up and dying, no rain here.
Price of corn is almost exceeding wheat, where it historically has been less.
Just wondering how high it will go this year.
The pumpers of stock markets are now touting corn as an investment, it is always scary when that starts, normally a rapid rise follows and when the last sucker buys then the initial ones cut and run leaving someone holding the bag.
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DancingBearNY
Rookie Author
Rochester
Posts:53
Points:63,135
Joined:Oct 2008
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Message Posted: Apr 28, 2011 6:01:39 PM
According to the ethanol industry shills that post here corn prices will not go up.
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