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Buxton ND | That's where to trouble is the March 31th intentions report survey were done earlier March when beans were trade 9.00ish. By the time the planters rolled they were pushing $12 with talk of much higher. A $3 rally in beans producers see $$$ signs, made worse by the blood bath in cash wheat prices and producers needing to make some money on something. IDK but that sure looks like a DC = "Double Carrot" to me
Jon posted the RMA planting deadline for his area was June 25th. It would not be the first time producers pushed the planting dates later because of a huge rally. If there's gonna be a shocker in next Thursday's report its the bean acres. Plus that rain in Kansas is just not gonna make beans.
Rally's and planting dates, back in June of 2011 we had guys up here muddling in wheat the the 15-20th of June. Out final planting date on spring wheat is June 1st. That wheat looked like junk coming up, looking like junk in the summer and they harvested junk come fall. WHY ??? Mr. Market dangled a $11 plus wheat carrot right in front of their noses. | |
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Double crop beans
