Floor Talk September 4

[sw363535]

Any good reason behind the loss of momentum today  Mike????

[marketeye]

Checking now..

[lsc76cat]

Had a windshield tour last week driving to/from Maryland on vacation with wife and 2 granddaughters.  On the return trip last Thursday we traveled I64 from Lexington, KY to Hwy 61 west of St. Louis.  Then north and home to SCMN.  Saw some pretty ugly crops and a lot of dry streambeds.  There were a number of combines taking corn in Missouri ahead of the rain moving in.  Fair amount of black dust being generated in spots.  Bad enough harvesting a lousy crop, then have to deal with smut and other diseases.  Keep wondering when the market will come to grips with these issues but I guess that is the billion dollar question!!

Was reminded during my travels last week that Washington and Jefferson listed their occupation as farmer.  We're in pretty good company.

[Jim Meade / Iowa City]

If they have a huge crop, they will take forever to handle it so the marketing tail might be pretty long.

[c-x-1]

Mike,

if you get chance please sir, see if Tom White would give you any type of definitive answer about what he thinks the floor (mkt) will do if USDA prints a 10.2b corn as Jim Meade referred from farmdocdaily article.

thanks,

c-x-1