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marketeye
Veteran Advisor

Floor Talk, August 16, 2021

At 8:45am:

 

Fresh demand props up soybean market.

 

Mike

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6 Replies
roarintiger1
Honored Advisor

Re: Floor Talk, August 16, 2021

Yep…..feeding the bull. I like it!

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wrightcattle
Veteran Advisor

Re: Floor Talk, August 16, 2021

Looks like $7 to 7 .50 corn and 17 to 17.50 beans are close at hand. 

That will likely be long term prices too .

Should Work.  MO. 

roarintiger1
Honored Advisor

Re: Floor Talk, August 16, 2021

And........ethanol will get the blame for higher food prices. 

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wrightcattle
Veteran Advisor

Re: Floor Talk, August 16, 2021

Heck IF corn was say $10 and wheat 12, those prices still Work as cattle feed. 

For human feed the cost price game is a liar excuse for Greed. 

USA You no longer have to follow the money.   Just mark everything Up Beyond the Moon and Lie a supposed logical excuse for Greed

Ethanol BTW is a rins ticket Lie. 

 

 

roarintiger1
Honored Advisor

Re: Floor Talk, August 16, 2021

Crop ratings are lower…..again. 

If USDA’s numbers don’t come down much further in the next report, they are doing a disservice to everyone. 
I believe we are looking at a corn crop nearer to 14 billion than anyone is expecting. 
Who knows on the soybean number. That number is falling daily as well. 

wrightcattle
Veteran Advisor

Re: Floor Talk, August 16, 2021

I'm thinking more like 13.6 to 13.8 bill on total corn now. 

Carryout.. Say 7 to 800mill.

We'll see. 

Times change.