AgTalk Home
AgTalk Home
Search Forums | Classifieds | Skins | Language
You are logged in as a guest. ( logon | register )

Perspective. So what is a bigger deal?
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
JonSCKs
Posted 5/20/2019 20:03 (#7508760 - in reply to #7508380)
Subject: Good Call.. Hammer time.. $4.50 corn here we come.


Good Call..

2015 getting too much rain on a bunch of planted crop or 2019 not getting crop planted at all? 
7 bars up nearly 70 cents, 9 more bars tacked on another 20 after a breather. Market structure was much heavier bearish in 2019 coming into this

It's gonna be hard to get the rest of the crop in.. 17% carry out.. BEFORE Higher Prices ration.. but still.. We got to get another 33% just to get to 83% in.. and no doubt we'll reduce yield potential..

Especially given that some of the unplanted acres are in High Yielding Illinois.

It looks like $4.50 is a legitimate shot..  Unfortunately.. that or higher.. and we will pay for it in reduced future demand.

"It's always something.."



Edited by JonSCKs 5/20/2019 20:33
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)