|
Boone Co. Iowa | http://www.pioneer.com/growingpointlegacy/marketing/wmh/cashgrain/2...
Tara Looking at this for timing of March highs/lows in the month of February, it looks like we will have at least 2-3 weeks of higher prices in corn. Which should increase the inversion somewhat. Then I think it will stabilize until that end of March cattle feed statement, then start trading corn planting as it gets started down south.
I think that our biggest difference of opinion is that you think funds are almost done with their buying spree, and I think that they are just getting started.
Edit: I graduated HS in 1988, been farming since 2005, so I completely missed the 1996 Hedging fiasco with growers/coops. I grew up on the farm and followed some things as a kid, but spent time in between getting education, traveling, working for others until I came back to the farm. Maybe why I am starting to feel like uber-bull. I see inflation on horizon (higher prices), lots of $$ sloshing around system (higher prices), and corn trading in China and Paris for approximately 30% and 10% higher than Chicago board of trade (much higher prices).
Futures on the Dalian exchange in China were down 3.8 cents to $9.641, while corn in Paris was up 1.4 cents to $8.181 in morning trade. Note: Prices are in bushel equivalents including currency adjustments. (via Farm Futures email update).
Edited by WeaveFarmer 2/1/2013 10:24
| |
|
Tara Farms?
