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Central Nebraska | People figuring a 12b bu carryout with acres reduced by 1.6mil, using “trend” of 180bu/ac on those 1.6mil acres for a reduction of about 3% carryout. I Think this .15-.20 pop in corn is all we will get out of this. After the long Easter weekend it’ll be back to trading on weather/planting delays.
Farmer selling on this “rally” will keep a lid on things too. Hopefully the 90mil acres is truly what gets planted as I think that gives us downside protection to the $4.40-4.50 range in December corn even with a large crop this season. | |
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90 million corn 86.5 soybeans
