central - east central Minnesota - | Tank2516 - 8/14/2013 20:37 First time poster so give me some slack. The heck with the crop condition reports and crop tours I think you have to look at the last 30 day rain amounts for the major corn and bean areas to get a handle on this crop size and to me the amounts and area of coverage doesn't lead to a record yield/acre maybe not even an average yield. Adding in the fact the crop was planted late, some of which was planted really late, which in itself lends to lower yields why would one expect even average yields in the first place. Sure its been cool like 2009, but that year the crop was planted fairly earlier and under better soil conditions then this year in a lot of the belt.
While you discuss backyard conditions (and every back yard seem to reflect the same) - the trade / market isn't listening or caring. The trend is set, and its down with priceing. Even if, if the total bushels do not add up and they are short (new crop) - the demand isn't there, now and the trade isn't listening so, down the price continues. Upward pricing will not start, untill the trade has different "needs" My 2¢ |