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09-09-2016 09:05 AM
I have always wondered about bloggers and what they do and how they choose the material that they blog about. Low and behold, I was asked to blog for the first time, this week. The only thing that I could think of was a high school relationship that I had with my girlfriend and grain markets.
In an attempt to avoid the "TMI" syndrome, I was advised that maybe my musings about grain marketing might be more relevant.
Anyway, here she goes:
09-10-2016 11:04 AM
OK Mike ----------------------- I have to ask a question here ! Did your wife write that for you ????? Nice job on who ever wrote it ! btw - JKing with yeah , but I did mean - nice job -
Boy have things changed over 50 years !
I will pm you when I cane - inter net is up and down after the 3.8 inch's here - guess the string got wet .
09-10-2016 08:47 PM
A thoughtful and useful commentary.
My solution to this is to avoid "trading" and stick to hedging. It avoids being caught up in the intra-day short term market swings. I don't try to hit the highs and lows.
09-10-2016 08:52 PM
Soybeans left under loan are 22% less than last year at this time. Corn just 9% above last year...
Hard to believe less was put under loan this with current cash flows....so....
Carryout revision needed Monday?
09-10-2016 09:09 PM
Well Jim, you could probably be the loan office
The previous year (2014 crop) by May 2015 (last date you can seal grain from previous year c/b) 574 million bushels of corn were put under loan and by the end of August 100 million were still under loan. 80 million bushels of beans were under loan, and 8.8 million where still under loan.
This year (2015 crop) by May 746 million bushels of corn were under loan, and by the end of Aug. 109 million were still under loan. For soybeans 124 million bushels were put under loan for the year and at the end of Aug. 6.9 million were still under loan.
Now if more grain went under loan sooner (Nov/Dec) so the nine months is up and that is the reason for the lower number. There is no way of knowing if redeemed loans were moved to the cash market. Either way...I would guess a lot of grain was moved....especially beans....that shipped sailed.