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what's next for grain prices
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northmofarm
Posted 7/8/2012 20:42 (#2474233 - in reply to #2474153)
Subject: Re: what's next for grain prices


I won't be long come wed. Might jump back in right quick and I just play a little. I'm guessing the avg guy jumps out late tues like its a Friday. Guessing your prob right that they will lower demand as much as yield but they also run the risk of not protecting the is corn supply if they do so. They have driven the price of corn down all winter with as many bearish reports as possible and they may have been right on everything except projected yield. There was never a chance at 166 with that many planted acres, but there's prob a whole bunch of corn still in farm storage.
I'm a little suprised beans are up so much overnight. Places towards the south that have been short of rain are getting good rains and it's real early in this bean game. Couple good rains and we are back to a normal yield.

Edited by northmofarm 7/8/2012 20:48
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