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Corn production 14.6 vs 15.9..??? $4 corn in the cards??
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JonSCKs
Posted 6/30/2020 12:13 (#8345351)
Subject: Corn production 14.6 vs 15.9..??? $4 corn in the cards??


So we got the acreage.. but not the forecast they were..

https://www.usda.gov/oce/commodity/wasde/wasde0620.pdf

97 planted x .92 = 89.6 x 178.5 = 15,995 in the Last WASDE

Now..

92 intended.. of which 91 got in.. x .92 = 83.72 x say.. 175 = 14,651

"poof"

We just lost 1.3 Billion bushels...

and next year's carryout goes sub 2.5.. maybe 2.25..??

back to where we were at 2,221 carry in for 2019

and the funds are short eh??

lol

come to papa...

Let the Weather markets begin.



Edited by JonSCKs 6/30/2020 12:16
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