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southern MN | I'm going to disagree with you for one of the few times.
Prices don't do what they did the past couple of days because no one is noticing.....
Grain markets are a pendulum, buyers get into a mob mentality.
We have come from record low carry outs in most all grains which had the markets super high.
Now there is report of one good high producing year, and markets rocket to the bottom.
If reality sets in that the record high yields are maybe just pretty darn good yields, and buyers realize the pipeline was about empty and we really might not have 1980s type carry outs in a world of a lot more people and demand than there was in the 1980s....
That pendulum might change its direction. Or at least stop its direction.
In no way do I believe we are going to $8 corn, but maybe we can be above a 4 instead of below it. Based on a few places not getting the record yields we all were promised. *
Hear a lot of people at the elevator disappointed with their corn, the line at the elevator never has gotten very busy this year - I know I know, more on farm storage, but.....
Paul | |
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MN yield in question???
