
ECIN
Senior Advisor
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10-29-2012
12:41 PM
Re: Any guesses on corn direction this week?
Maybe this will help alittle , Corn inspections last week were 15.5 -- just above expectations of 8-15 Mil.bu. BUT well below the 23 Mil. needed per week to reash USDA numbers of 1.265
YTD are at 143 Mil. bu. down 37% from YA vusus -- USDA forecast of down 26%
And for NO charge will throw in some on beans ! lol
insections at 63 mil. were above the 40 to 60 expectations AND above the 22 mil needed to meet USD forecast of 1.265
YTD at 309 mil bu. UP 49% from YA vusus the USDA forecast ofdown 7 %
Have a good day !
Palouser
Senior Advisor
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10-29-2012
02:26 PM
Re: Any guesses on corn direction this week?
I'm in the same boat. I sold last year's crop just before harvest and pretty much threaded the needle when I picked the day. So, I'm long this year's crop and not needing to sell for cash flow, taxes or otherwise.
I'll guess there won't be any big days the last of this month. No guarantee. I'm thinking the storm will be a suppressant to wild swings as a lot of trading infrastructure is shut down. If I were going to sell this week I'd just do it.
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