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ManagementFarmers watch crop returns rise as production costs follow 273733Farmers watch crop returns rise as production costs follow
Farmers will spend more to produce their 2011 crops but they're likely to make that up — and then some."At this point in time, contribution margins -- the difference between gross revenue and production costs -- are really quite large. If one is looking for a place to expend energy from now until you can get out into the field and plant, I think one ought to focus that energy on protecting the margin that you've got in crop production today."
Market Overview
Contract | Last | Change | High | Low | Open | Last Trade |
---|---|---|---|---|---|---|
Jul 24 Corn | 460.5 | +2.5 | 460.5 | 458.25 | 458.5 | 01:08 AM |
Jul 24 Oats | 366.5 | +4.5 | 367.75 | 366.5 | 367 | 12:01 AM |
Jun 24 Class III Milk | 20.01 | -0.47 | 20.05 | 19.85 | 20.05 | 12:51 AM |
Jul 24 Soybean | 1238.25 | +2 | 1238.25 | 1233.25 | 1235 | 01:08 AM |
Aug 24 Feeder Cattle | 259.825 | +1.35 | 260.25 | 258.45 | 259.1 | 06:04 PM |
Jun 24 Ethanol Futures | 2.161 | unch — | 2.161 | 2.161 | 2.161 | 09:37 PM |
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