|
NW Indiana | I am not in his camp of prices going that low. Imo what a chart doesn't show drawing lines like he does is the impacts of inflation. I beat the drum the fall of 24 when many were calling for much lower prices that inflation was being over looked. I think last fall coming off a crop 1.7 billion bu bigger than ever we seen what I meant when we failed to take out the previous years low. That 3.85 range is going to be heavy support imo. I'm in the camp we are entering a period similar to 2014-2020 of carving out a range until production issues arise. That range is likely 4.20-4.80 most of the time with spikes outside of it now and then. That said it wouldn't be hard to see 5.00-6.00 on a crop in the mid 170's with fears of lower and considering we have only raised one crop much north of those numbers it will happen. I'm willing to hit base hits and make money, if price goes higher I will take advantage of it in other ways. | |
|
The Chart
