Cooperating farmer Fred Lukens recently shared an update on the corn with the AdFarm North Dakota Shareholders.
“At this point, I’m anticipating a yield greater than the 120 bushels we projected for breakeven,” said Fred in an email to the Farm Marketing Committee.
“I grabbed two corn cobs, randomly from a few rows into the field – both are beautifully filled to the tip.” Fred also mentioned that he has noticed that some kernels have started to dent.
Fred suggested to the marketing committee to hold out and see where the market moves in the next couple of months. With 4,000 bushels of a possible 10,000 bushel crop sold @ $3.35 and the market moving up as we head towards harvest. The AdFarm corn breakeven selling price is $3.23 per bushel at a yield of 120 bushels per acre.
Check out the the GriggsDakota Blog for an encouraging August 15 look at the AdFarm corn field.