onida, south dakota | northmofarm - 7/8/2012 20:42 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.
that is a very good point that perhaps the only way they fix the balance sheet issue is to let the prices run up and run up in a hurry so that we curve demand in a hurry.............so maybe this report ends up being a blow off top if they come in bullish? |