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Senior Contributor
ShelladyOptions
Posts: 880
Registered: ‎05-03-2010

OptionEye....Mar 19th

Good morning.

 

Just had a message from a farmer friend of mine worrying about the extended outlook of cool and damp weather. Any of you out there echoing those sentiments?

 

I would guess that by the volatilities in the grain room that not a lot of folks out there are that worried about it. Complacency is ruling the day - in more markets than just commodities.

 

The world is still worried about the confiscation of savings funds in Cyprus. I think that this an unprecedented move but I also think that there are so many players and bit actors that this is not a simple case of thievery. We shall see how it ends and end it will but I have a hunch that the U.S. economy will dominate thoughts and headlines and we will slowly gravitate back to trading fundamentals.

 

Grains are quiet with all three up between 1 and 3 cents. Equities are up just a tad and gold is trying to hang on to yesterday's gains.

 

But the most important thing of the day is that the home Opening Day for the Cubs is 20 days away. Mother nature better cooperate.  

 

 

 

 

 

 

Community Manager
marketeye
Posts: 3,090
Registered: ‎05-03-2010
0

Re: OptionEye....Mar 19th

Ozzie Guillen was right. In the end, in Chicago, it's all about the Cubs! I digress.

 

Farmers from Minnesota, Wisconsin and South Dakota, that I talked with recently say they think their planting activity could  be a month behind last year's pace. Now, granted last year's season was early. But, many of these guys are looking out their kitchen windows and seeing a lot of snow up against the machine shed door, right now. It's going to be awhile before a lot of Upper Midwest farmers go from unhitching the snowplow to hitching up the planter. Is this bullish for the corn market?

 

Mike

Veteran Advisor
Mizzou_Tiger
Posts: 2,252
Registered: ‎11-02-2010
0

Re: OptionEye....Mar 19th

99M here we come

Peak Corn

Those boyz in the upper midwest are getting a dose of why they didn't used to grow corn.......
Veteran Advisor
Mizzou_Tiger
Posts: 2,252
Registered: ‎11-02-2010
0

Re: OptionEye....Mar 19th

Did I mention peak corn

Hey Marketeye and SS, why don't you run Peak Corn by your croneys and see what they think.........
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giolucas
Posts: 1,093
Registered: ‎06-25-2010
0

Re: OptionEye....Mar 19th

Do the Cubs play baseball?

Sox !!!
Senior Contributor
jec22
Posts: 410
Registered: ‎06-03-2010
0

Re: OptionEye....Mar 19th

Area's with good subsoil might have some delays.  With our foot of moisture soil profile right now, it would only take a few good days in the 60's-70's after the frost is out and the ground would be more than ready to go.  Well, it might soon have a topsoil moisture problem.   HIgh's in the 20's here for the first day of spring tomorrow.  March madness?     It is still all about rain, or lack of rain west of the Miss.

Of course, last year, the growing degrees days are what really sent the crop off to such a quick start.  Made those combines roll in Aug.

Might want to upgrade from the cheap seats to watch this show.   Does make me realize, that USDA's 163 would be like the Cubs winning the World Series....two years in a row :smileyhappy: :smileyhappy:

So. IA
Veteran Advisor
roarintiger1
Posts: 1,544
Registered: ‎04-29-2011
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Re: OptionEye....Mar 19th

With........the role of Steve Bartman played by mother nature........:smileywink:

"Failing to prepare is preparing to fail." "Success happens when preparation meets opportunity"
Senior Contributor
farmerguy89
Posts: 1,001
Registered: ‎06-30-2012
0

Re: OptionEye....Mar 19th

yeah, there was no snow around where I am, during last year. We just had a big snow event too, in that a little bit of snow caused some accidents still.

 

forecasted rain keeps turning into snow..

 

we arent ponded.. but we got enough water to go.

 

Due to the cold, its likely a normal/slow start. cant dictate that all conditions will be ideal at this point. my area is forecast -1 to -3 C lower for the springtime too... like in 2011...