East Central South Dakota | I don't think we are to the volitile stage yet. Remember we produce it for a living and the merchandizer sells/buys it for a living. I think the end user proved themselves pretty well last year. Exports take off, dry weather continues, and domestic demand continues I think you are right and they will want to bid it up to gain physical control. Corn goes into the ground good, exports stay at forcasted levels and it rains a little and they will be able to buy corn cheaper this summer than currently. To me it is all about demand currently and corn is a value at these prices. The more we move the higher we can go this summer.
Side note. Been on the road a lot and saw piles of corn in two different locations next to the stacks where they were wintering cows. Brutal cold for a long period has been hard on wildlife and animals. Haven't seen corn fed to cows for a long time. Corn is cheap and cows are worth a lot of money. That is how you chew through supply. Brutal winter has increased corn demand no doubt. |
end users might start singing a different tune
