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S Illinois | The data today showed for corn condition:
1% VP
5% P
27% F
55% G
12% E
Last year it was 1%, 4%, 24%, 58%, 13% respectively.
What does that correlate to yield wise? Last years yield was 186.5. This years is estimated at 183 and puts ending stocks at 1.96 bil.
Then one has to weight what does a somewhat wet forecast and no real heat. So right now, it would seem like pricing for continued robust demand is more important than trying to price high enough to throttle demand. | |
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Will the market trade crop ratings?
