I'm hedged up also.. so it don't matter to me either but..
We're running 30 myn bushels ahead of the WASDE on Bean exports.. There are 2.13 myn acres of PP on beans vs 800 k this time last year.. With these cool temps and beans planted as late as mid July.. a significant number of acres are going to run out of calendar to mature.. D/C yields.. fall off a yield cliff planted late.. We've got reports of the Sugar Cane aphid moving into Central Kansas Sorghum fields.. The ethanol grind is running about 35 to 50 myn bushels ahead of WASDE These lower prices are going to buy some exports The Ruskies are still active in Ukraine..We got a pretty good pop in values a year ago on this simmering conflict.. There's an abundance of empty on farm storage to fill this fall..
The hedge account is fat.. which will provide cashflow to wait things out... and or buy cheaper calls down at these levels...
Edited by JonSCKs 8/20/2015 06:38
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