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Buxton ND | I would agree with Maize,with the amount of CRP that has all ready come back into production IMO under 90 ma will be UN-likely. Millions of dollars have been invested to raise corn by many new growers, I DO NOT see their banker/s saying "yep we're cool with that,,,raise all the wheat you want"
World stocks of corn have grown 12.91 mmt since the September report.
41.74 mmt since the prior September.
That 12.91 is a mountain of corn that even China can not buy.
164.33 mmt of corn world wide,,,,,,,,,,,,,,,Looks like every Tom,Dick,and Hector world wide bit the corn carrot.
IMO we are just starting to realize what that $8.50 corn price has done.........................
2 things I'll repeat
Don't spend a dime til we see how this thing shakes out...
Sell some corn to an E-plant... WE NEED THEN...
Watch this weeks EPA announcement,there's been very heavy selling on the close each of the last 2 days | |
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Corn acres from below
