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| So we got the acreage.. but not the forecast they were..
https://www.usda.gov/oce/commodity/wasde/wasde0620.pdf
97 planted x .92 = 89.6 x 178.5 = 15,995 in the Last WASDE
Now..
92 intended.. of which 91 got in.. x .92 = 83.72 x say.. 175 = 14,651
"poof"
We just lost 1.3 Billion bushels...
and next year's carryout goes sub 2.5.. maybe 2.25..??
back to where we were at 2,221 carry in for 2019
and the funds are short eh??
lol
come to papa...
Let the Weather markets begin.
Edited by JonSCKs 6/30/2020 12:16
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| Is 175 too low of a yield?
Also, demand need to fire up.....
Just my simple thoughts. |
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S Illinois | Don’t forget the 200-300 mb carryover add this year from today grain stocks. And with higher prices and stocks next year usage is defiantly in doubt. |
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NeMO | It's a constant tug of war ain't it? |
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SE IL | How does it look if you take that 175 to 182? At this point it still looks to me like a 15+ bb crop.
Edited by Deere6 6/30/2020 13:00
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NW Ohio | w1891 - 6/30/2020 12:28
Don’t forget the 200-300 mb carryover add this year from today grain stocks. And with higher prices and stocks next year usage is defiantly in doubt.
This is nothing that some pent up demand and some panic buying can’t overcome. :) |
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EC SoDak | Then the eastern belt, Mo, and Ne were complaining way too much too early. Lol |
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| Look at the crop ratings in the east before you make an assessment about Illinois. Indiana and Ohio. Are the crops there improving with the weather, yes, and it's been reflected in the latest crop ratings. But today knowone knows how it will end. It's all speculation. |
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SE Iowa | So you think the 20 demand # are solid? Plus the added stks ? I will wait for your response.
Edited by Palmtopper 6/30/2020 13:20
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SE Iowa | That's why the market gives you an opportunity to get something done...before it figures out reality. |
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| So you think the 20 demand # are solid? Plus the added stks ? I will wait for your response.
"Export Sales report."
USDA Washington 7/1/20
China booked 1.5 mmt's of corn yesterday before the USDA report.
China booked 500 mt's of Soybeans
China booked 1.25 mmt's of wheat
China booked ethanol.. pork.. beef..etc."
or sub India for China..
Longshot? maybe.. tomorrow.. probably not.. before harvest? possible..
Demand numbers are not solid but move.. as does supply.. see today's report.
Yes I believe there is value at these prices. Maybe putting all the acreage into butterfly habitat was a mistake on my part..???
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SE Iowa | Just keep the reins...my man.. |
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Corn production 14.6 vs 15.9..??? $4 corn in the cards??
