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The Water Cooler
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If You Are PLanning To Fill The Gas Tank....
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<blockquote data-quote="farmerbyron" data-source="post: 2838924" data-attributes="member: 4953"><p>Back in 08 Corn was around $8. Don't know where you are getting that 800 figure. Wheat got to $12 for about 5 minutes in Feb of 08 but had backed off to $8 by the time harvest arrived. Should have sold off the combine but fuel was well over $4 and fertilizer was well over $1,000 a ton so $8 wasn't as profitable as it should have been. Then the collapse in the fall of 08 took prices down to about $3.50. FYI, wheat is currently around $4 at the elevator. The low price of oil and the associated deflationary pressure it brings is killing grains for export. So it's not like the artificially low price isn't hurting me. The cattle market is off about 40% in large part due to the perceived weakness in the economy.</p></blockquote><p></p>
[QUOTE="farmerbyron, post: 2838924, member: 4953"] Back in 08 Corn was around $8. Don't know where you are getting that 800 figure. Wheat got to $12 for about 5 minutes in Feb of 08 but had backed off to $8 by the time harvest arrived. Should have sold off the combine but fuel was well over $4 and fertilizer was well over $1,000 a ton so $8 wasn't as profitable as it should have been. Then the collapse in the fall of 08 took prices down to about $3.50. FYI, wheat is currently around $4 at the elevator. The low price of oil and the associated deflationary pressure it brings is killing grains for export. So it's not like the artificially low price isn't hurting me. The cattle market is off about 40% in large part due to the perceived weakness in the economy. [/QUOTE]
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