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Market Slide
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Boone & Crockett
Posted 4/21/2018 05:03 (#6722195 - in reply to #6721795)
Subject: RE: Market Slide


Itchy - 4/20/2018 20:14

Weather outlook looks like all the farmers will be on tractors next week. Therefore, farmer selling will stop, and prices should firm up with basis narrowing.
Well ,not all, but enough to make traders feel comfortable we'll have a decent crop. There's still a lot of production between me and Dittfarms that won't support a tractor for quite some time. (and that's prolly a distance of around 350-400 miles) But it's not gonna make a difference now. 2/3 of the guys will be rolling in a week, and that's more than enough to alleviate risk premium.

Edited by Boone & Crockett 4/21/2018 05:06
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