Posted on Oct 3, 2018
Trump said soybean prices have gone up. They're near decade-lows. | Markets Insider
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Posted 6 y ago
Responses: 2
I iwll have to throw in the BS flag on his comments. I don't knw where or who is giving him his numbers but as a family member in a soybean farm family the prices are not as low as we have ever seen them but they are low and the prices dropped here at harvest. We booked on contract some beans at $10 a bushel but the majority and the remainder sold for $7.20/bushel because that is what the market was the day we went to the grain elevator. Had a good crop, not a bumper, but a good crop and did ok but if the prices were up in the $8 to $9 range we would have done much better but that is why it is called farming. HOWEVER, we will get a small supplemental check from the USDA based on the yield and the price drop so he at least did that.
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Is there a disparity of actual price and what Trumps claims to be the price of soybeans?
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