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Re: Floor Talk July 30
Jen
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Re: Floor Talk July 30
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Re: Floor Talk July 30
Jen
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Re: Floor Talk July 30
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Re: Floor Talk July 30
Thanks Mike appreciate the slideshow and if anyone on here wants to poo-paugh that 8" dry that deep won't affect yields is looking with current market sentiment rather than reality. There will be corn out there but it will not nearly be as much as USDA and the current market wishes/hopes/projects. The top has been gone for a long time, late planting, N loss, soil compation, cool growing weather, too dry, prevented planting, perhaps early frost as well (its August 1st almost instead of July 1st. For whatever reason it seems almost conspiratorial that the market seems to wants lower prices regardless of what the reality of the growing conditions may be! Oh, well Iowa may save us with a big crop this year- wait check that they have some problems, Illinois will save us- uh might be some problems there too, what of Wisconsin, Michigan, S.Dakota, N. Dakota, Nebraska? Oh well Indiana and Kentucky will do it if you throw Ohio and Maryland in for good measure! Is this part of that "hopey/changey" metality that we have developed over the past couple of years? Well reality will set in once the combines roll but will a lot of farmers buy into this nervona of a corn glut and have sold it for less than $4.50 and watch it go up from there? Literally it is a multi-million dollar question that we will have to wait until January to find the real answer to it.
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Re: Floor Talk July 30
Jen
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Re: Floor Talk July 30
SW,
To clarify my point of the "TRADE DOES NOT CARE", the trade does not care whether the market goes up or down. Producers/Farmers do care both ways. With some farmers discussing the devastation of their crop currently and demanding that the market go up is crazy.
We have had a handful of farmers on here complain about the slow development of their crops, but that does not mean that 100% of the US farmers are going through the same situation. Over the years I have learned that the TRADE sometimes chooses factors and prices them into the market. When we want the TRADE to focus on our factors right now, the TRADE might focus on it later, much later.
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Re: Floor Talk July 30
Jen
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Re: Floor Talk July 30
Jen
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Re: Floor Talk July 30
Jen,
The market is not listening to you. Should it? I wish the market listened to me when I put a heavy trade in and I get hosed. You are one of many farmers. Just like I am one of thousands of traders. So what you think does not necessarily mean it has to equate to higher prices, TODAY. Maybe tomorrow but not today.