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Why we should be bullish corn
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JUST LEARNING
Posted 7/11/2019 11:40 (#7608722)
Subject: Why we should be bullish corn


KS and NE in eastern 3rd
Trade isn't buying the 91.7 million acres, which they shouldn't be. Here are examples of what could turn out if all other factors remain the same but acres are adjusted in Aug.

86 planted, 1.06 CO, 7.5% S to U
87 planted, 1.23, 8.6%
88 planted, 1.40 9.8%
89 planted, 1.56, 11%

Numbers assume 8.1 million unharvested acres. Anything under 88 planted will demand higher prices, any lower yield adjustments will compound the issue. Risk is up from here imo.
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