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Buxton ND | Soybeans OK, corn VERY GOOD, wheat not the best. If you look thru this report you can see why UN-known is not just China.
Corn's doing well, we're the only game in town for much volume of corn exports for 3-4 months or til Brazil comes on line. Futures doing OK we just need to trade this baby over 3.70 as 3.69 was the RMA high in Oct. Get the buy stop hunters to go well hunting around 3.75
Scale of 1 to 10 with 10 being bullish I've been a 6,,, could go 6.5 pretty easy by tonight. Now don't get too bulled up like 4.50 - 5.00 bulled up as end users are having no troubles sourcing corn. And have had NO troubles sourcing your corn since later summer.
So do you as an American producers want to feed these exports ? Or keep it locked in the bins ?
This locking in the bins,,, building more bins to lock more corn in the bins,,, has NOT been working, its done nothing but ADDING to our carry-over. Yes you may not like this tho this is fact and the facts are carry-over has been growing each and every year since 2012. | |
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