Nebraska aka the boondocks | Factor inflation and you see nothing wrong with prices? The carry out doesn’t determine the price the price determines the carry out? Are you saying that a 2 billion bushel carry of corn in let’s say 2013, at $4.50 a bushel, adjusted for inflation, equates to a 2 billion cArry in 2020 at $3.50 a bushel... that makes no sense. What I will agree with is, the sellers are selling regardless. In the last four weeks, we have had an “unprecedented acre reduction,” as noted by brownfield ag. We then had a 7 cent sell off going into the fourth. The commentary was its profit taking for the long weekend, oh okay, the same day a dry weather pattern was put out. The week prior to the unprecedented acre reduction, there was a sell off. Last week there was a sell off before the weekend, after a neutral report and no change in the forecast. Tonight, repetan porfavor.... again, no change In supposed forecast. What is hilarious is, that an illusion of a weather rally has been conjured. It should be obvious to anyone taking notes, the market wants to puke. I forgot to add the supposed “giant Chinese corn buy Friday!” The question is, why does anyone bother watching anything, if simply we knew what the trading Algos were, we could dispense with market talk and go golfing. |
One of the worst things about these prices
