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NC corn commitments
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donmoffat
Posted 5/20/2016 04:18 (#5311072 - in reply to #5310957)
Subject: RE: NC corn commitments


All I can say is the leader is soymeal and with it goes all protein sources
And gee do I think meal could have a correction, well yes, but hopefully after it goes to a basis cliff like 2013 when cash went up 200 dollars a ton before it puked
I am buying wheat ,leaving the corn alone, as wheat corn spreads are too narrow, least cost feeding formulas will be including more wheat and less corn, , protein in corn has been dropping with the higher yielding varieties,
Wait till soyoil catches fire here shortly both products on the move 12 dollar beans


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