| 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
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