AgTalk Home
AgTalk Home
Search Forums | Classifieds (4) | Skins | Language
You are logged in as a guest. ( logon | register )

the bull is here for corn and srww
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
Posted 6/11/2019 19:47 (#7553867 - in reply to #7553847)
Subject: RE: Some things the uber bulls ignored today

IN555 - 6/11/2019 19:37

Personally I would target a 13-13.2 crop after reducing acreage another 4 million. The wasde is using a 3.80 cash price to determine demand numbers. If forced to bump that up to 4.30 I think they knock off another 500 million demand(exports will go fast). 4.80-4.90 futures the market should accomplish its job. If we have a major weather scare threatening yield even more obviously things change. Crazy as it sounds I would expect crop ratings to improve the next couple weeks as the emerging corn should actually look good. 166 is a 6% reduction off trend, that is a sizeable amount. I would guess without looking it up it would be the second largest reduction from trend since we started planting so much traited corn.
As always we all are just WAGing. JP can claim all he wants the charts predicted this and the event just conveniently came along but price was going to do this know matter what. I think 99% on this board know better

..... Never been so proud to be in the one pct.

Take care

Edited by J P 6/11/2019 19:53
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 all cookies set by this site)