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Here's a trend line for ya...
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CentralNEFarmer
Posted 2/11/2019 12:18 (#7313569 - in reply to #7313357)
Subject: RE: Here's a trend line for ya...



Custer County, Nebraska
The greatest risk in the near term isn't demand destruction like ethanol being replaced it is growing a monster crop of the likes of 2004. Going from memory here it was something like 13+% over the march estimate (could be wrong). Take a rough guess at a 176 trend and you will have something in the order of a 199 bu corn crop. Say we plant 94 million acres and harvest 86 that gives us a crop of over 17.2 billion on demand of 14.5 billion. Carry out grows over 4 billion. It would plunge past your 2.30 low.

Not that I believe that possibility is great but overproduction is agriculture's greatest threat vs. demand destruction.
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