EC Nebraska | McHusker - 8/11/2020 18:55
Well, let’s say 500 million bushels were just lost... the market doesn’t care. I bet if the yield is raised 1.5 bushels the market cares. Let’s see, destroyed bushels, acres not planted and Chinese buying, seems to me a lot of bushels are off the table. I think what people want is a fair accounting.... wishful thinking I know
I'd say that 300 million is the high end. It does help reduce carryout, but it doesn't make any difference in the short term. Because, even with this 2-3.5 bpa reduction in national yield, we've still got too much corn.
Now, if you take another 500 million bushels off somewhere between now and January, then, all of a sudden, we might not have too much corn. And the market will care if that happens.
See, remember that $4.60 board spring of 2019? That was the market caring. And they got burned pretty bad. So now we've got to prove that there's a danger of running out. And we're nowhere near doing that. |
10 million corn acres flat
