Richard Brock.. "6 minutes to sell the top.. 6 months to sell the bottom.."

How many are following the Safrina corn crop?  Two years ago they busted a big one.. which everyone put in as TREND LINE expectations going forward.. Really with a double crop eh?  LOTS of things have to go RIGHT.. (17" of rain in the middle of growing season ain't one of them..) in order to pull that off..

specifically..

the MARCH towards HUGE WONDERFUL SOUTH AMERICAN Yields.. which ALSO occurred this time last year.. when we LATER find out that they Lost 18 mmt's Year on Year..

( https://www.usda.gov/oce/commodity/wasde/latest.pdf )

page 22

Production from Brazil 85 mmt's in Crop Year 2014/15

Production from Brazil 67 mmt's in Crop Year 2015/16 down 18 mmt's yoy

A YEAR AGO the 12/9/15 WASDE had Brazilian Corn Production estimate was..

( http://usda.mannlib.cornell.edu/usda/waob/wasde//2010s/2015/wasde-12-09-2015.pdf )

Production from Brazil 81.5 mmt's in Crop Year 2015/16 Proj.

That's a 14.5 mmt miss.. or 570 million bushels...

The soybean market sold off today on the expectations of a LARGE South American Crop coming...

???

So how did they do on Soybeans.. 12/9/15 WASDE

Production from Brazil was projected as 100 mmt's

on Last months results.. 

Production from Brazil was 96.5 mmt's.. so better.. but still a 3.5 mmt miss. 

Are we getting a little ahead of ourselves here?

We've traded over $4 on every contract of corn since 2006... only down side is that it's already happened for July 2017..  Can it get back up there?

yes.. but gonna need some help..

2017 repeats 2012 weather.. 2011 weather.. then sure.. probably $5 won't stop it.. but.. is that what's coming?

(don't laugh.. WT 360 might have been early last year.. but 3 meteorologist say.. "possible." for 2017.. "odds are increasing as we keep clicking off the good years.. we're due..2017..2018.. 2019..??")