|
SE IL | Look back at this summer and last spring all the talk of why price wasn’t higher…demand is great and carry out is so low. Price should be higher, why isn’t it? Futures had been on a downtrend since February and basis tanked mid summer, not signs of running out of corn. Then we got the answers, 98 million acres plus 200mb more carry out than previously reported. Lots of corn coming to town in late summer. The market knew, we didn’t. Big money will have the data, with no gov reports do you think the average joe farmer will have the data or those with profit motive will keep it for themselves? | |
|
The fourth crop progress report didn’t happen
