Nevada FFA sold 1,124 bushels of corn on June 20 at $4.13 per bushel, which totaled $4,643.77. The previous corn sales were 500 bushels on April 12 at $3.32 per bushel. The rally provided the chapter with an increase of $899.20 in the grain value, less $67.45 in storage cost at the KEY Cooperative Nevada location.
“Well, the students have now experienced how fundamental factors (supply and demand) change commodity pricing in a short period of time!” mentioned Kevin Cooper, Nevada High School agriculture education instructor and FFA advisor. The June 20 corn sales was the final sale of Nevada FFA’s 2018 corn and soybeans. Cooper advised the chapter to start forward-contracting the 2019 crop with a sale of 500 bushels of new crop corn at $4.16, to be delivered by Oct. 31.