Shareholders, rejoice.
Harvest is done on our AdFarm N.D. acres and about 10,100 bushels of AdFarm corn, Pioneer 39D97, is in the air bin. The moisture sample was 19.3%, which is low enough for air bins.
“The yield was good, although it’s a guess with wet corn,” explains Cooperating Farmer Fred Lukens. “Shrink is about 6% for 19.5% corn dried down to 14.5%, according to North Dakota State University (NDSU). My 10,100 bu estimate is ‘after shrink.’ This would put us in the 144 bu/acre range.”
Of course we won’t know the exact bushels until we deliver it to the elevator. With good weather, the corn in the air bins will be dry by the end of November.
Profit is no problem
This year’s marketing committee has taken these steps to achieve profits for shareholders:
- Sold 4,000 bu of our corn at an average price of $3.35
- The rest is yet to sell. Right now, January delivery basis locked in at 75¢
Our price today for Jan. delivery would be $5.00/bu, yet corn prices are still going up, so the committee will look at the November USDA report, watch the markets and set the final price as the corn finishes drying
Shareholders, don’t spend your profits yet, but smile at your smart investment.
Check out our beautifully barren, freshly harvested field at Fred’s own blog post.
Farmers, how is your harvest going? Do you know a farmer with corn in? How’s it looking? We’d like to hear about corn harvest around North America.