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Senior Advisor

Which market?

The reference to 'the market' is something to note. Which market? I maintain there isn't 'a' market.

 

For instance, the 'market' in which China judges in its interest it is time to buy large quantities of corn or wheat (now), or the 'futures' in Chicago where it appears the judgment is there will be PLENTIFUL supplies at low or lower prices - eventually?

 

I put more weight on the dynamics of global trade and the developing crops globally than futures. IMO this view is more indicative than futures in planning my marketing in the future AND the moment. I don't evaluuate strictly by numbers but by the directions of various trends - like counting cards.

 

 

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Highlighted
Frequent Contributor

Re: Which market?

Why in the world would you put that picture on the sight, dumb and dumber! I am going to find a new ag site this one is to screwed up.

 

 

 

 

 

 

 

 

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Veteran Advisor

Re: Floor Talk July 9

Someone woke up on the wrong side of the bed.

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Veteran Advisor

Re: Which market?

I agree Palouser.  I completed a survey this morning sent by an "entity" whose mission is economic development in southern MN.

One of the questions was "What city has the most impact on your local economy?"  I am sure they were looking for an answer like Rochester, Owatonna or Mankato.  My answer = Beijing!!

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Senior Contributor

Re: Which market?

The Conab (National Supply Company) report was just released. It says that Brazil will produce 44.2 million tons of corn, while the soybeans estimated are at 81.4 million tons - 22.7 percent higher than in the latest projection.

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Veteran Advisor

Re: Floor Talk July 9

kraft-t,

 

 I dug a hole for him to stand in. He didn't want to get his jeans dirty. Smiley Happy

 

Mike

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Senior Advisor

Re: Floor Talk July 9

ECIN, are you guaranteeing me that 121 Kansas average? If so, I'll gladly take it. I'm afraid with our up coming weather forecast and my corn nearing pollination it might be another dismal year.
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Senior Advisor

Re: Floor Talk July 9

Shaggy  -- just think POSITIVE WAVES man ! Positive waves ! you think about bad things happening and they will -- see Last summer - I kept thinking - it was going to rain - its going to rain - you know - it did - just a month too late for my corn , but it rained --- the beans did OK ,lol

 

Here's another example - All  them farmers in Norther Iowa - were probably saying to each other - was - man - it's just going quit raining - and what did it do ? And then they would say if it does  quit - it probably won't rain the rest of the year !  i think I read that western Iowa is ??? doing what ?? drying up some -- there you go ! end of story .

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Honored Advisor

Re: Floor Talk July 9

Iowa the tall corn state!  #1 

 

Eat your heart out northern Iowa

 

Great picture of average corn here in southern Podunk CountrySmiley Wink

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Senior Contributor

Re: Floor Talk July 9

Iowans average looks high. I doubt pp or failed acres were included in that equation. Add crop development compared to normal and takes that number down even more. I would be ecstatic with an average like that this year. If it would average 180 something then the actual acres that have a crop growing will be well over 200. 200 bu corn in northern iowa needs to tassel right now. Not going to happen....MikeM