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Shopping for grains is fun again

Date: 
Fri, 08/01/2014

Huge crop outlooks have slashed prices 40 to 56 percent from two years ago.

by Dennis Halladay, Hoard’s Dairyman Western Editor

What a crazy, incredible turnaround.
harvesting corn
Huge 2014 crop outlooks in the U.S. and other major grain-producing countries have destroyed the high prices for feed grains that made life so painful for anyone with livestock to feed just two years ago. Corn, soybean and wheat farmers were on the top of the world in 2012; now they’re hoping to break even.

Two years ago, prices at the Chicago Board of Trade peaked at $8.40 per bushel for corn, $9.42 for wheat, and almost $18 for soybeans. Feeding cows was hazardous — no, dangerous — to everyone’s financial health. Read more


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