Posted 5/19/2019 13:36 (#7505495 - in reply to #7505458) Subject: RE: 4-6 Million Acres of Corn PP
NW Indiana
Spring ratio was 2.385 and now at 2.128. The big kicker is the stupid talk of another mfp payment encouraging production takes the ratio to 2.542(using 1.65 mfp).
The market is aware of all this and will likely work that ratio down even more. If mfp is confirmed in the next 2 weeks I could see the cbot ratio trading near 1.8. Can't you wait to plant beans in 2020?