As of now, things are looking good for a profit on AdFarm North Dakota shareholders’ corn.

The AdFarm N.D. Marketing Committee is following shareholders’ investment closely, including the weekend frost on our corn and these key factors:

1. Projected breakeven is $3.23/bu @ 120 bu/acre yield. Signs are that yield could be higher.
2. 4,000 bu sold for harvest delivery at average selling price of $3.35.
3. Remainder is contracted for Jan. delivery with a 75¢ basis fixed. Today’s market would have this price at $4.54/bu.

Harvest target is still at mid- to late-October. As Cooperating Farmer Fred Lukens reports from the field: “My hope for harvesting 16% moisture corn is fading. September is way behind on heat units, and October won’t provide 300 GDU’s for drying in the field.  We’ll probably need to spend the $20/acre budgeted on propane to dry the corn, but we’re way above our breakeven sell price.”   

Shareholders, do as your Marketing Committee members do: Cross your fingers, say your prayers and hope that we get this crop harvested, dried down and delivering #1 corn to the elevator at the appointed time.

What are your thoughts on our corn? We’d love to hear your comments.