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Western Iowa | I think most of us have a clue on the planting situation. Corn acres will be down and yield of 176 or whatever the USDA is using is probably a dream. Arguable about how much and I don't really want to get into that.
Does the corn market finally shed the shorts and spike in late June/ early July and a slow death into fall?
Or does the market want to be proven wrong and we bounce along and maybe a slow drift higher until Nov/Dec when the proof is on the table?
I think either way we test the 4.50. I think we may finally break thru it if the spike is summer. If the spike is harvest or later, I think demand numbers will offset production and 4.50 may hold?
Thoughts?
The stupid payment posts are eclipsing what should be marketing strategy IMO. If I market corn 0.10-0.20-0.30 better does more for my bottom line that a unknown payment ever could...….. | |
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