| Jon why don't you get long beans and short spring wheat? You have made a perfect case for it with your very informed post**
pretty much I am.. that's exactly what I believe is gonna happen.
Bean Acres..
Ks +950 k ND +850 k SD +200 k
together we added 2 myn acres of Fringe beans..
and it came from Wheat..
Ks down 1,000 k Dakota's similar..
Our wheat crop.. depends upon where you are.. Western Ks had a beau coup crop last year.. this year between the snow.. etc.. now mosaic it may be challenged.. the BIG question for W Ks is does it have protein?
NO DOUBT.. I believe they will find more protein out there this year vs Last.. now I didn't say HRS Wht level protein but "enough" to make things work..
HRW has been pulled up with HRS.. the basis down here firmed to a point but maybe now is starting to slide...??? As we slip below $4.00 cash guys are gonna sell.. and that could hold things in check.. I don't know what it'll do to HRS.. but HRW could pull back $0.10..$0.15.. maybe $0.25 here as guys start to finish up.. come in.. and pay bills.
Flip side.. as the weather wears on the Beans.. In 11% poor to VP.. some of these beans mudded in.. If the hurricane comes up.. maybe it helps them out.. but out here on the fringe.. We're gonna get a BEARISH reaction.. probably to HUGE Bean acres.. then a smaller yield as we realize it's FRINGE Bean acres.. throw in some summer fireworks..
.. and yes.
I believe beans have more upside.. from here.. than wheat.
later. |