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Veteran Advisor

DTN 11:44 Quick Takes

Just put out this daily - it's easier

1.   Dry is Bearish

2.   Wet is Bearish

3.   Hot is Bearish

4.   Cold is Bearish

5.   Bullish is Bearish

6.   Corn is Bearish

7.   Beans are Bearish

8.   Wheat is Bearish

9.   Ethanol is Bearish

10. Livestock is Bearish

11. Supply is Bearish

12. Demand is Bearish

 

Maybe farming is Bearish and we should all get out and let the investors in Chicago run the show.

 

Jen

 

 

 

 

9 Replies
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Veteran Advisor

Re: DTN 11:44 Quick Takes

By the way, someone please pass me the Chicago kool-aid and the Rose Colored Glasses, so I can get the proper perspectus on this whole cropping gig.  Maybe that will help me see the 14BBL crop of corn we have coming.

 

Jen

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Veteran Advisor

Re: DTN 11:44 Quick Takes

Smiley Wink

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Senior Contributor

Re: DTN 11:44 Quick Takes

     Get out and let the people in Chicago run it,what an socialistic idea!

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Senior Contributor

Re: DTN 11:44 Quick Takes

Crops mostly grow. Sorry if you're str
uggling this year, but cornbelt is larger than Minnesota. Lot of good looking crops in cornbelt. You can stick your head in the sand and say it ain't so or you can bet on american farmer.
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Senior Contributor

Re: DTN 11:44 Quick Takes

Sure there are good looking crop somewhere. There had better be. If everything looked like Ia, Mn, and Wi we'd be SOL. We'd be lucky to get 10 mil

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Veteran Contributor

Re: DTN 11:44 Quick Takes

Wrestler, I agree with you here.  I am in SW Mn and ASSuming that ALL of Mn is poor is a mistake.  Yes there are poor areas and drown out spots around us here, but overall there is alot of knee high corn that looks very good.  First it was to dry to even bother planting because it will never grow, then it is too wet to even get it in, and now there are those talking that we "might" not get any more rain and back to the drought AND don't forget the early frost that is around the corner?  Anything that may be bearish is ignored while the "possibility" of anything bullish is the gospel?  My question for many of you is this:  What IF we get good weather the rest of the way and what IF we raise a 13+ corn crop?  What is your plan?  Whine about how the USDA must be wrong?  Do you own puts as protection?  There seems to be way more good acres this year (so far) than there were very poor acres last year.  I realize that if you are in an area that has been pounded by rain it is hard to be optimistic, but be careful making assumptions about everywhere. 

 

OK, lets hear it!  How dare anybody put anything NOT bullish on this site!   

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Frequent Contributor

Re: DTN 11:44 Quick Takes

For the last three cropping seasons all that the "experts" have claimed is we would be awash in grains and prices would be abysmal. They are now much like the little boy who cried wolf too often. There is a large problem area in the corn belt this year and basis are at historic levels and contrary to what they print there is still much demand for old crops and supplies are very tight. As far as farmers go there is a huge difference selling corn with a 4 in front of it than an 8 and several good farmers locked in sub 6 dollar corn that sold later for 8. Farmers are not the rubes that marketers hold them to be as they can read weather maps and backyarditis not withstanding, all know how well or poor a crop year will be, and folks this year is off to less than stellar start and that does not bode well for a full bin this fall.
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Veteran Contributor

Re: DTN 11:44 Quick Takes

cyclone, you wouldn't happen to work for Mark Gold?  LOL!

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Veteran Contributor

Re: DTN 11:44 Quick Takes

Nope!  Don't work for Mark Gold.  Just trying to remain objective and consider that the market doesn't "have to" do anything.  Gold (not Mark) is getting pounded and the dollar is stronger?  That is bearish grains.  Weather is bearish, at least for now.  Just pointing out that statements like: Mn, Ia, Nd are all very poor is a foolish statement. 

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