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| They don't have the equity, but will need to move what's been produced and what will be produced. What I'm trying to say is that it needs to get much worse before it will get better. There is very little that can turn the ship from where it's headed, there is a large surplus of corn in the world. It will take years before things become "tight" again. The scary thing is the USDA could very well be overstating exports for this year, as the world market prefers to keep a corn surplus in the United States.
Yes there are southern states that harvested a lot of grain that the inverse absorbed. You'd be silly to think there aren't an overwhelming amount of bins full all over country, the south included. It should be evident by now that the producer came into this harvest more undersold then ever, and it's really hard to sell corn for $2 cheaper then you could of when it was planted. | |
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Smoking gun on the lost it found it corn stocks number.
