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Buxton ND | Trent,,,seeds comment,,, you have some of those big boy end user out in your parts and THOSE end user sat in July watching the corn crop is the S E belt burn up...They sat looking at $8.00/.50 with talk of 9 and 10 corn THEY DID NOT sit back and do NOTHING as bin locks were locked tight BOTH OLD AND NEW CROP. They went to SA and bought corn much cheaper and have been told they bought a PILE of it,,,not just a month or 2's worth... So Seeds comment NO their NOT WILLING to pay $8.......... This is a text book case of "High prices cure High prices" AND "Short crop,Long tail"
John Brock did make some comments this summer near the highs about "short crop long tail",,,,, as we have seen in the past many many times...But must had 5 foot bull horns and could ONLY see/hear BULLISH NEWS.............
I look at the corn and soybeans market much differently them most,because I used to be END USER feeding hogs......When you heard reports of guy killing feeder pigs over the year,,,,,its wise to perk your ears up and sell some corn........................ | |
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Need to sell some corn or beans this year, now or wait closer to end of year?
