AgTalk Home
AgTalk Home
Search Forums | Classifieds (61) | Skins | Language
You are logged in as a guest. ( logon | register )

95% done.. Funds still short corn.
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
Sat
Posted 10/14/2013 06:20 (#3382350 - in reply to #3382282)
Subject: Re: 95% done.. Funds still short corn.


Buxton ND
Here's a copy and paste from AW's famous Mr. 48 and you guys think I'm the big bad Griz bear !!!

The news just keeps getting worse for corn prices. The latest PF says that 1.5-2.0 bil gal of RINS will be carried over to 2014 for satisfying the RFS Mandate. 1.5bil gal/2.8gal/bu=536 mil bu. 2.0 bil gal/2.8gal/bu=714 mil bu. When you add 536-714mil to the previous Ending Stocks I posted from Brock with a 13 bil gal corn ethanol RFS blending Mandate...that puts Ending Stocks over 3 bil bu. At least we will be able to apply for LDP's online now instead of driving down to the FSA office.

If you think the crop insurance base price spring guarantee will save you...think again. The Feb average price of CZ4 will prolly be in the 400 range...NOT 567 like this year.

Take a close look at wheat fb double cropped SB for next year. You MIGHT make money doing that. 400 corn is not even going to break even.
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)