|
S Illinois | Seriously doubt KS is wall to wall DC beans. KS increased their corn acreage by 650k and soybean acres by 250k and decreased wheat by 700k. These acres being switched were likely in the parts of KS where DC acres were prevalent before thereby negating acres that could be DC. Why would western KS/NW KS where the big wheat acres are all of the sudden plant beans at $11.50 when they could have gotten more than that in previous years but yet we didn't see some huge spike in DC acres? DC acres are not some easy gravy train. Most DC acres are planned for at wheat planting time and not dependent on price action in the spring. Even JonSCKS said he only planted what he intended to and he is likely in the area where the highest switching between plant or no plant is done.
Better double check your numbers when it comes to Chinese market manipulation through exports. USDA has no export numbers in 2004 or 2012 to back up your assumptions about Chinese cancellations and price direction. They have the archived reports to go back and look what China did each week. | |
|
|
Have some puts deep in the $ what now?
