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425Cat
Posts: 1,689
Registered: ‎05-14-2010
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post a chart cx1

Cx can you post a chart of monthly corm prices back to 1985. I'm becoming a long term bear especially if this crop comes in at 14.

Thinking my crop needs to be sold before nov report or at least hedged.

Land prices will need to correct as they went parabolic
Veteran Advisor
c-x-1
Posts: 3,263
Registered: ‎06-26-2012
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Re: post a chart cx1

[ Edited ]
Cat, sorry, can't b/c my charts are proprietary now. i'll bet wrester or someone helpful like him could put up a chart like that. if not, marketeye or John Walter may be able to help. thanks, best wishes.
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weedman
Posts: 145
Registered: ‎05-20-2010
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Re: post a chart cx1

Advisor
425Cat
Posts: 1,689
Registered: ‎05-14-2010
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Re: post a chart cx1

Id Like to overlay a ending stocks chart with a monthly price chart on corn. Trying to find a price range with ending stocks over 2bl bu.
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peaceman
Posts: 28
Registered: ‎05-17-2010
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Re: post a chart cx1

Maybe it would be more helpful to have a days of supply vs bushels. 2 bil bu is a lot with 10 demand. Also loan rate corn will bring supply down to around 7.5 in less than two years. Banks will not support less than 4.75 corn for very long.
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425Cat
Posts: 1,689
Registered: ‎05-14-2010
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Re: post a chart cx1

Peaceman what do you mean about the banks. Cash and collateral is all they need.
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peaceman
Posts: 28
Registered: ‎05-17-2010
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Re: post a chart cx1

If the yield comes in at 160 then for every 200 there is one at 120. The acres added to get to 14 bil are largely fringe. Most acres that were prime were in production for generations. Most solid banks require you to show an ability to service debt. 120 does not cash flow well below 4.75.
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c-x-1
Posts: 3,263
Registered: ‎06-26-2012
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Re: post a chart cx1

[ Edited ]
seriously Cat, it's been 10 y since end stocks were over 2 b. you're trying to compare todays' price with that???
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time:thetippingpoint
Posts: 590
Registered: ‎05-20-2010
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Re: post a chart cx1

Chart1.gif

 

Something like this cat? As you know, we have maintained that 2012 equals 1983 in my world view since June of 2012. So, 2013=1984. You get the idea. CZ will make its way below $4 pretty easy next fall. 

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time:thetippingpoint
Posts: 590
Registered: ‎05-20-2010
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Re: post a chart cx1

chart2.gif

 

A closer view might be easier to read.