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Todays precip update looks wetter
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tex
Posted 6/10/2017 10:51 (#6063450 - in reply to #6063434)
Subject: RE: Todays precip update looks wetter


North and South Dakota will be a weak spot but they do not rule the market. I would not get too bulled up when there is no yellow in the 30 day or 90 day national precip forcast for the corn growing areas . Puts still do not look like a good buy right now as downside will be well above last years low. We may get a goldielocks crop not big enough to lower prices much but not small enough to make prices surge. I would leave the upside open new crop. But downside is probably 3.40 to 3.60 range if you need to sell

Edited by tex 6/10/2017 11:30




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