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Farmers Look to Take Advantage of High Grain Prices

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  • Description

    FBN's Jeff Flock on how farmers are hurrying to cash in on high grain prices.

  • Duration 2:30
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Thank you well after a long summer -- drought farmers are now getting into gear while the grain prices are still higher record harvest may result in lower prices for American consumers.

Jeff Flock is in the covering.

A story Faris the up front moves on Illinois which has -- -- -- actually on the vine sap.

Yeah I've actually opened the come -- as we speak as Sheryl.

And this is a record -- not so much for the size of it because that it's actually the worst corn harvest probably in about six years.

But it's but the speed of that I've got called jet -- with -- and if you -- all here.

His wife Donna is actually over -- she's taken the offload is that -- this is the husband wife thing.

Gloria weigh on -- on the go to try and maximize the efficiency of the kind of -- -- keep it down my move and they want to keep it moving quickly now because prices are on the way down take a look at the charts I was soybeans first.

And you see over the summer we put the three month chart up first.

Huge run up I mean this got -- the prices got much higher that you ever thought they'd ever -- Hello there were -- world market the world wants beings and we didn't have enough so they got.

Got a little scarce money gets scared to price goes up but now -- the -- coming in the in the last week if we look at that we chart.

Yeah essentially got a real -- -- you have limit down earlier so you in a hurry to get these means to mark.

Well they're ready and I mean it's not only the market but the weather and all these things so yeah we want to capture a net profit ready we gonna harvest.

And that you'll see now you see obviously this come by going through the field.

Maybe you'll see the all -- here if you go ahead run that off loaded.

And you'll see -- coming out -- catalog or any second now there they are.

There that's dollars that's sixteen plus dollars a bushel right.

Sadly -- -- -- a little better now things are right -- sold a little bit higher than now which is a great thing.

These typically would go into his own silos.

But this year no they're going directly to market because -- price is good right now.

So that's a positive.

But we are often we get away -- horn charts only problem with -- for you you're doing okay on the beans but your corn some good deals got what fifty bushels.

PI where we're down on average fifty to 60% on our corn production -- are being the only down about 40%.

OK Paul judge Keith and I shout -- to -- a judge dean whose over in the other tractor or taken that off loaded themes.

Good news on price is not so much Dennis and -- -- On the number.

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