Nw Indiana | IN555 - 6/28/2020 21:34
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)
Still along ways to go to the finish line. Yes right now crops look good. If we keep getting timely rains excellent yields are possible. But that can all change very quickly. If the rain shuts off for a few weeks and turns to a blast furnace that 180 number will drop fast. It’s hard to know what’ll happen. |
I'll take the bashing by predicting we are on our way to a 180+ yield
