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Lost in the acre hoopla...
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Posted 7/11/2019 09:28 (#7608528 - in reply to #7608245)
Subject: RE: Lost in the acre hoopla...

west central Iowa
I don't think the actual physical corn buyers and farmers believe what the USDA is saying in their reports if they did we would not have a positive basis in many places. I think the traders are in their own space right now and they are not based in reality. Happened with cattle futures years ago, cash prices were way ahead of the Mercantile Exchange, the market reporter on the radio said they were trading in their own world with no relationship to the actual market. The only way to bring the grain traders into reality would be to force sellers into deliveries.

Edited by boatload 7/11/2019 09:43
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