| Sat - 8/29/2014 22:43
We have one poor year of prices .
Probably more like 2-3 MONTHS. Heck only had 3-4 YEARS to get some sales made at 'not such poor prices'
I think the real issue is that the grain producing industry(farmers) need to see a demand segment create new permanent demand for 600-800 million bu of corn/.year.
Not coming from ethanol--already running full bore @ a smidge over 5 billion
Not coming from feed use livestock herds will be slow to expand, especially beef, and when they do won't be soon enough to use much or an;y of this crop years production.
Not coming from exports, USDA already overestimated last years by 80-90 mill bu and the upcoming year looks stagnant to weak, but another 15-20% price decline could stimulate significantly more demand
So who/where will new demand come from, $3.xx corn is a lot easier to add value to than $7.xx, |
Some more good news for the bears
