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Undersold producers vs under bought buyers going into grain stocks
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Morningdew
Posted 1/12/2024 09:06 (#10569452 - in reply to #10569424)
Subject: RE: Undersold producers vs under bought buyers going into grain stocks


Cherokee iowa
I’m guessing most under sold producers are cashing checks from 2022 crop still. Have to keep prices lower longer to make them cave I think. Hard to make them cave if supplies are tight and buyers got to buy first. Today is a big big day. Usda gave end users 3-4 months to cover needs. Will they swing the pendulum for the seller? Either ither or not much corn moving locally with the weather. Couple more cold snaps and snow local basis will get interesting. A lot of corn from 200 miles away dumping two weeks ago with beautiful weather.
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