There was a mistake in yesterday's blog post. The trucks lined up to unload at the local soybean plant are not farmers emptying their bins. Those are new harvest soybeans from this year's crop being delivered. When a local farmer was asked the increase in price for a bushel of beans due to the local processing plant he had a definitive answer. The presence of the local processing raises the price 70 cents per bushel. Wow! That's a significant difference.
My late brother, Richard, was a significant player in getting the processing plant built. He leveraged his contacts and experience as a county commissioner, state representative and senator to move the plant's construction. There is a picture of him on the wall in the office.
The soybean processing plant is located on the east edge of Volga which puts it in the geographical district of The Chicago Board of Trade. There is a distinct advantage to that placement that I don't understand. If had been placed on the west edge of Volga, 2019 population 1926, it would not have been in the CBT district, thus it's placement on the east.
Today's rainy weather has halted bean harvest for now. Ripe beans are very susceptible to absorbing moisture. My rain gauge shows .2" so far.
Takk for alt,
Al
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