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Honored Advisor

Re: Damage being done?

Yeah, EC and did you see the new 7 day anticipated precip totals with the Tropical Storm coming up out of Texas, over 7" yet to go. Anyone farming the bottoms south of the MN border might as well stop spraying, it will be under water soon enough. This is the link to the site I like: http://www.wpc.ncep.noaa.gov/qpf/qpf2.shtml

 

Everything thing on the screen is red...thus we are not trading crop size...trading the news of the day...I don't know what it is but it is not good for commodities I guess Smiley Frustrated

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Senior Contributor

Re: Damage being done?

Clearly lower prices are supporting increasing consumption around the globe for all grains, which puts pressure on Mother Nature to continue with the current near-perfect growing conditions.

 

When will Sal and his friends change their thinking?

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Honored Advisor

Re: Damage being done?

If history is any guide, they will hammer this thing real hard for another week or two, and then we will have the acreage report and the NASS will confirm what MT has reported, the acreage increases that everyone is counting on, went PP again. Then the weather pattern shifts after the equinox and we are set up for at least a rally on "crop concerns"...just the way it happens. I still think the 16th (tomorrow) should matter this year, lower lows are not bullish, but maybe a chance for stabilization that leads to recovery. There really is no need to drive corn down another 30 cents, but everyone runs to that side of the ferry...well rational folks get trampled. :-)

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Senior Contributor

Re: Damage being done?

Just heard an analyst on the radio who said June report will most likely still be planting intentions especially on beans.

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Advisor

Re: Damage being done?

Pretty fancy picture ken.....looks like forum material

Honored Advisor

Re: Damage being done?

Maybe more damage being done tonight.....especially in Illinois, Ohio, Michigan, and Indiana.   Some of these downpours they said were dropping rain at a rate of 4 inches per hour.

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Frequent Contributor

Re: Damage being done?

Send some of that my way to south australia we surely need it not in dire staits just need top ups.

Have 29,000 acres of wheat barley lupins peas oats rye vetch and hay in this year

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Honored Advisor

Re: Damage being done?

hardwheat,   you got a lot of "irons in the fire" there,  how much of that do you have idle each year?

 

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Frequent Contributor

Re: Damage being done?

idle not sure exactly what you mean I crop that much, and have another  2000 acres for livestock.

low yield low cost enterprise 30 bushel to acre country land value 300 to 500 aussie dollars per acre 13 inch rainfall spread basically from march to dec with peak in june july august.

 

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Senior Advisor

Re: Damage being done?

I believe what he means by idle is if you produce a crop from every acre every year or if you leave a few acres unplanted each year to replenish your moisture profile.

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