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Boone Co. Iowa | Chad,
I agree that oil is going to be the catalyst for the grains. Majority of corn in US this point is going to ethanol (yeah lots of that goes back to feed, but the bushel is priced by the ethanol makers), not feed nor exports. As long as ethanol plants keep running at full capacity, we will get through a bunch of this corn crop. I see today that the ethanol stocks were up pretty high. It would absolutely stink to have oil continue to slide downwards....I cannot believe that the way Russia and Sauds and Iranians are acting that oil continues to go lower.
Going to go sign my CRP contracts and find out about the CRP grasslands program....
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When will the markets change direction?
