Fontanelle, IA | dg25 - 11/8/2026 08:19
Some feel maybe the lows are close or down just a bit from here. Think a few have mentioned they have been buying some back. With the report this week does that change your decisions? Just riding the position for the long run or waiting for a position after the report? Could be same for guys wanting to get short. Get short now or wait? Maybe this report is a nothing burger but sure seems like every report lately is a big market mover.
If you listened to Standard Grains “20 questions with Matt Bennett” and the preelection video with Pete Meyer, I think there is still a gut punch coming. The premise was that many (including myself) didn’t sell as much corn as we should have on the September Profarmer/broad fuel based inflation play. Harvest is later in my area so it feels like there is some elevator hesge pressure to come. Cash is still tight EVEN with the ARC/PLC 2025 payments simply due to input, insurance, fuel, land, and family living increases - so there could be some more across-the-scale bushel puking yet to come. And, fall price insurance is set so unless you’re storage hedged on bushels in the bin — we are now “long speculators”.
The markets job is steal and punish those of us “out of position”.
I think we have more down until Russia and Ukraine restart their annihilation campaigns on food and energy in the dead of winter. The market also has to “sort out” the politics /direction/objectives of “new” wave of democrat legislators in both chambers- how much gridlock (or not) or traction they’re going to “right”. The uncertainty won’t help us bottom. Syria is sending troops to protect Saudis against Houthies. Iran wont be settled anytime soon
Just me I guess |
Buy time
