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Is there a rally left or are we done?
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NWNODAK
Posted 6/18/2018 18:17 (#6819981 - in reply to #6819920)
Subject: RE: Is there a rally left or are we done?


NWND
milofarmer1 - 6/18/2018 16:24

I don't really want to act like Monday Quarterback, but this spring showed a lot of signs of the crop getting put in on time, in good conditions, more acres, etc. combined with adequate supply. $4.25ish was the top of the history of the contract. If a person didn't at least sell some of their expected crop when it was in that range for several weeks, I can't really feel too sorry now.

Sure at the time (and even now) a person could speculate on a drought or extreme heat yet to come, but I would rather make decisions based on what we do know, rather than guessing. And all the things in the first paragraph are things we knew a month ago.

Pretty sure there was a late start across 75% of the midwest and upper plains and corn belt.



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