|
| "Any comments? What all am I missing. (I'm sure it's a lot.)"
Yes, you left out the supply and demand numbers, if you go back and reread the CBoT comments, you'll find that every commodity you quoted comments for are way ahead of the last 5 year averages for shipments. I believe there is too much attention being paid to the Ill. (no offense intended) crop. Nearly all the other regions are not going to have bumper crops, and many are going to be far below average. Couple this with the current crop conditions of many other nations, and you have no reason to panic. My belief is that before you start planting next years corn crop you'll be seeing higher prices than you did this past spring. Leaving us another opportunity to price a good portion in advance. I'm in at a low of 3.94 and a high of 4.57 for an average of 4.26 on 107,100 bu for Nov. & Dec., still should have 64,000 bu to sell in Feb. that I wouldn't be surprised if I beat my average on.
Just my $.02 worth. | |
|
How vulnerable are we?
