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New Mexico | cash index, btw.
Low side of the index on corn is the $3.18 CASH level. Grant the past 2 weeks have varied from $3.08 to $3.29/$3.34 levels.
End of last week indexes as follows:
Crn, $3.10
Soy, $9.25
HRW $3.63
SRW $4.24
HRS $4.96
Oats....higher still no big deal though.
Cash Hogs: 35% to 50% Higher than a year ago.
Cash Cattle (traditionals ): 12% Higher than 1 year ago.
Agri Equities: ALL are mostly 35% Net higher than a year ago.
Agri exports: Many are UP 35% to 55% consistently on a weekly basis as compared to a year ago.
Beef and Pork especially, Beef exports up 48% last week and Up 43% the week before that.
Keep in mind there's ALOT more than grain involved in a Total market schematic.
Perhaps your attitude is so clouded your being somewhat dishonest ( wife got you sleeping on the porch again it appears ).
My original yield quote was 152 back at planting time. Reason IS that it's almost statistically impossible to run back to back record years at the 162 to 164 levels.
IF you refer to the 145 to 148 post ( not below 140 as you now insinuate ), that is very recent and due to the obvious crop problems and continued weather at this time.
Obviously you have reasons for talking lower markets, rather than any other possibilities.
That pretty much puts you right in line with almost ALL other supposed experts and supposed expert market spin being fed to everyone, etc.
Sorry Pal...I'm just not a believer in the "down" spin at this time ( bullish ALL year here on most of agri...that simple ).
Fade the current scenario..either long or on the sidelines. MO
If your short that means you were profitable with production at said level. So quit your whining.
btw, U might want to suck back up to the wife so she'll get another 2nd job to help you out with the margin calls too.
Good luck. | |
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USDA Acreage Report next week
