Don't cry for me Argentina
Hopefully another wrong forecast. There have been plenty this year. If not, going to be a long fall in KS, MO, IA, MN, NE, WI, and NW IL. Next week is suppose to be pretty dry in Iowa. So for what it is worth:
This crop is big. But just to remind me. When did the markets acknowledge Brazil or Argentina's crop problems?
Re: Don't cry for me Argentina
The markets have obviously incorportated the perception of SA problems into prices. Prices defacto reflect such perceptiosn. Are you saying the perceptions are wrong - that the yields are worse than the prices reflect? That is an arbitrage opportunity if so.