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S Illinois | There has been some heated discussion with regards to weather and analog years. Eric Snodgrass has a new presentation up.
https://youtu.be/xc0CN5WdviM
The part that was a little bit attention grabbing was around 12:15. In this he listed years that were good analogs to what August is currently looking like.
These included the recent years of 1992, 2004, 1985, 1986, 2017. Thats a type of list that those who follow trend yields across the years will recognize. All of those 5 years listed were record or less than a bushel from the record set the previous year. Just another data point for those forward looking as to where we can go on the supply side. | |
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Longer term Snodgrass presentation for fundamental traders.
