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West Central IA | Do they REALLY matter in the long run? NASS will make some kind of a change on the January report that will raise or lower the carry out #. Then they will just pull an export # out of thin air or raise or lower feed usage to get them a number that does not move the market hardly at all. So then all they have to do is raise the intended planting acres to even this thing out in whatever direction they are planning to send this market. I have come to the conclusion that the corn market has been topping out earlier for the past 3 or 4 years. I am not sure what price target should be used but I really think anything over 4.50 cash is maybe as much as the government will let us have. That 4.50 price would be for close up months and would need to be some higher for next summer. | |
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Do state numbers make sense?
