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NW Indiana | The Nat patty index is nearing an all time low for how bad the crop is for this time of the year. I hate to say it but the odds of something over 180 corn yield is fast approaching and the market knows it. 2.62 is in the crosshairs. I would say revenue insurance is going to pay out huge this year but even at a 2.90 fall price that gives 30% more to bushels, there could be a lot yield better than that. I hate to say selling 3.30-3.40z is a good idea but it is starting to look like a good idea.
Way to early to talk a bean yield but if we have something in the 53-54 range I would hate to even guess a low for bean price but I think they will be better supported than corn and more likely a spike low.
So the question is are you going to do something about it or just cry on Nat about politics? (that index is through the roof) | |
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I'll take the bashing by predicting we are on our way to a 180+ yield
