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roarintiger1
Honored Advisor

A message to the USDA and traders

You may want to crunch some numbers......

 

Planting progress

Ground conditions

Crop conditions

Amount of replanted anticipated

The weather forecast

The calendar

and.......you might want to recheck those carryout numbers......those numbers could be shrinking.  Smiley Wink

 

To remain bearish,  I would advise you to search for corn fields where you can see rows of corn plants that are that nice green color.

 

 

 

4 Replies
illinifarmer
Advisor

Re: A message to the USDA and traders

Agreed👍🏻👍🏻
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JimMeade
Veteran Advisor

Re: A message to the USDA and traders

The traders don't care what is real - they care about what they think will be there in the FUTURE.

Traders usually have to be proven wrong.  With them, it's "show me".

 

This does mean that if you are right and they are wrong you are in a position to arbitrage the market and make money.  Like working the carry, one has to sell it to capture it.  I've been right and the trade wrong and had them roll over me, though.  Smiley Happy  As someone said, they can be wrong longer than I can afford to be right.  Smiley Sad

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roarintiger1
Honored Advisor

Re: A message to the USDA and traders

I agree Jim.........I was just trying a little persuasion.   Smiley Wink

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ECIN
Senior Advisor

Re: A message to the USDA and traders

Planting progress

We are going backwards here - think they have us at 45- 47 % done - more like 33-35 % now


Ground conditions

Heavy !!!!!!!!!!
Crop conditions

10 - 15 % G to E - the rest poor


Amount of replanted anticipated

THOUSANDs here !
The weather forecast

Pretty here till Wed evening - then chance of rain


The calendar

its starting to work against us now - this week we would be OK - but after that - or corn ? man I don't know

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