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Crop prices rise 7.7 percent amid soggy harvest
AP/YahooNews ^ | 10/30/09

Posted on 10/30/2009 2:19:49 PM PDT by Kartographer

Crop prices jumped nearly 8 percent in October as rainy weather delayed harvests across the Midwest.

Farmers are still getting paid much less for their crops compared with a year ago, when global food shortages pushed grain prices to record highs. But the farm prices of corn, wheat and milk jumped this month, according to a report Friday from the Agriculture Department

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: foodprices

1 posted on 10/30/2009 2:19:50 PM PDT by Kartographer
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To: Kartographer

There’s still a lot of corn on the stalk in SW Michigan.


2 posted on 10/30/2009 2:22:40 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring
There’s still a lot of corn on the stalk in SW Michigan.

Here in Central IN also. About done with beans, but a lot of the corn has a mold problem. (Gibberella, I believe) On guy I talked to lost 30% in a couple of fields

3 posted on 10/30/2009 2:35:50 PM PDT by digger48
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To: DuncanWaring

Here in central Illinois too.

It seems like it has rained nearly every day this month.


4 posted on 10/30/2009 3:21:10 PM PDT by Graybeard58 ( Selah.)
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To: digger48

Better than 90% of west Tennessee crops are still in the field. What rice, beans and cotton aren’t on the ground are sprouting in the head, pod and boll.

East Arkansas in not much better. A friend there had 30 acres out of 700 harvested when I talked with him 2 weeks ago and it has been raining almost daily since.

The quality of what has been harvested is so bad it only brings half the market price.

Average consumer has no idea what is ahead.


5 posted on 10/30/2009 3:26:18 PM PDT by DonnerT (I absolutely hate racists whose primary mission in life is trying to make me a racist.)
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To: DonnerT
Several posters complained about the conditions of their fields in this earlier posting, too.

Fall Harvest's Way Behind Schedule; Could Have Impact on Prices

Doppler Dale's Weather Posts
^ | 10/27/09 | Dale Bader
Posted on 10/27/2009 1:54:05 PM PDT by dopplerdale

http://www.freerepublic.com/focus/bloggers/2372301/posts?page=6

Crops such as Corn, Cotton and Soybeans Affected

If it has seemed like it has been raining unusually often and by quite a bit, you are right. The months during harvest time (August/September/October) are traditionally the driest .....

6 posted on 10/30/2009 5:04:20 PM PDT by hennie pennie
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To: DuncanWaring

I would guess about 80 to 90% of the corn still in the fields in eastern Iowa.

Too much rain.


7 posted on 10/30/2009 5:10:16 PM PDT by 2111USMC
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To: Graybeard58

I took the Chicago train down to Alton today. There seemed to be lots of standing water in the fields. My MIL got three inches of rain in the last 24 hours.


8 posted on 10/30/2009 5:14:12 PM PDT by stayathomemom (Beware of cat attacks while typing!)
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