Sep. 20 at 5:44 PM
$GLD $JNUG $SLV $B $GDX
❌+
$122/acre for corn | +
$60/acre for soybeans | >
$2,000/day in fuel❌
Eventually this increased prices will be headed right for us
⭕️Corn: Costs increased by about
$122 per acre, attributed to higher fertilizer and fuel costs.
⭕️Soybeans: Costs increased by about
$60 per acre.
⭕️Fuel alone: A cattle producer says the operation is spending more than
$2,000 a day just on fuel.
⭕️Planting decisions: Collins says they had 1,000 acres of corn planned, but when fertilizer and diesel prices jumped, they scaled back and planted only what they had already sold, shifting some additional acreage to soybeans because soybeans require less irrigation.
⭕️Cattle transportation: Moving market-ready cattle to a slaughter plant can cost more than
$100 per head.
⭕️When fertilizer and diesel prices jump, we actually peeled back and only planted what we currently had sold at the time.
https://youtu.be/2WE-D4f3HSw?si=dFhNYxfgFX0N7Y8x&t=58