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Advisor
Posts: 3,968
Registered: ‎05-03-2010
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Neutral 2017 Wx, $13 Beans Before $8

I spent a few days at the Iowa Power Farming Show in Des Moines, Iowa, this week. Less time on the exhibit floor and more time in the breakout sessions. I came away with one pretty bullish story and one bearish-like story for this year's corn and soybean markets. If you have a minute, take a look:

 

 

Odds Favor $13 Beans Before $8

 

Neutral Weather Seen For Entire 2017 Growing Season

 

 

Get 'R Done

 

Mike

Veteran Advisor
Posts: 2,767
Registered: ‎02-11-2013
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Re: Neutral 2017 Wx, $13 Beans Before $8

I'm not so sure on beans. Although yeild might
Be down, but acres will be up.
Corn, the ironic thing, fellows might cut back
On acres and inputs, which would lower output
Thus price goes up.....but then, will people
Think that, and say, hey if we produce more
With higher prices, we need to spend
More money on crop... then we over produce
And price goes down
If their logic is correct then wheat should
Be the sleeper....big crop last year...acres
Down....that can only equal one thing ?
Senior Contributor
Posts: 784
Registered: ‎11-20-2016
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Re: Neutral 2017 Wx, $13 Beans Before $8

the "smart" guys I talk to, the ones that seem to have a knack for knowing when to hold them and when to fold them are targeting $12 cash, which might be equivalent to $13 on the board given basis and some slippage.

 

But in the meantime....Sell...Sell...Selll

Honored Advisor
Posts: 5,244
Registered: ‎01-10-2012
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Re: Neutral 2017 Wx, $13 Beans Before $8

 Local gavilon terminal/ shuttle loader is full till the next train shows up, has everybody shut off.

 

Basis at bunge west has eroded about 12¢ the last week and a half.

Honored Advisor
Posts: 14,896
Registered: ‎05-13-2010
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Re: Neutral 2017 Wx, $13 Beans Before $8

Honored Advisor
Posts: 7,484
Registered: ‎07-18-2011
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Re: Neutral 2017 Wx, $13 Beans Before $8

Mike play with math enough and you can find a good angle......

Sounds like he got enough to give you a story,,, but

 

I hope its right but so far usda has chosen to follow the monsanto projections.  

And the market never had the advantage of that "scientific" projection before...

 

Smiley Happy

 

Advisor
Posts: 829
Registered: ‎10-18-2016
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Re: Neutral 2017 Wx, $13 Beans Before $8

What Monsanto projection are you talking about?

Honored Advisor
Posts: 7,484
Registered: ‎07-18-2011
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Re: Neutral 2017 Wx, $13 Beans Before $8

The yield trend presented to congress showing the promise of new technology.
Veteran Advisor
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Registered: ‎06-30-2010
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Re: Neutral 2017 Wx, $13 Beans Before $8

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Honored Advisor
Posts: 5,244
Registered: ‎01-10-2012

Re: Neutral 2017 Wx, $13 Beans Before $8

Marketeye, 

 

I gotta deal for you...

 

$21,000+ for you, even more if you follow the advice of your friends in the brokerage firms you believe in so firmly.

 

I'll deliever to elevator of your choice within 50 miles of my bins for free, 20 semi loads of beans for the bargain price of only $11.50 /bu paid up front. Offer expires end of next week. Should be like shooting fish in a barrel.

 

This would let you play in the real world, with real beans, you could call, put spread, dp, Texas hedge, forward price, just any number of things only limited by your imagination. 

 

By fall you,  the wife, and kids could be living large all courtesy of this golden can't lose, nothing could go wrong, once in a lifetime opportunity. 

 

All I ask is a thank you and of course the little up front check for the beans.