cancel
Showing results for 
Search instead for 
Did you mean: 
farmerguy89
Advisor

Re: I got a hunch

Nobodies ever seen $10 corn and I am not sure that we will. At that point its pretty toxic. Can't support demand at 7-8 bucks, let alone 10.

0 Kudos
c-x-1
Veteran Advisor

Re: I got a hunch

Can't support demand @ 7-8 bucks?....where did you get that notion?...seems like most producers on here have said/are continuing to say users are calling like never before looking to secure needs.

0 Kudos
Farmerjoe79
Senior Contributor

Re: I got a hunch

Cx you are right about that I was only 85 cents away from 10 dollar corn last August. So i don't get were people say that corn is not going to ten. The way it looks to me that just a hint of a weather scare this summer could get real interesting. The only insurance program I see is grain in your binsSmiley Wink
0 Kudos
c-x-1
Veteran Advisor

Re: I got a hunch

Yeah,

Farmerjoe79 - next time they're calling you, tell 'em to call back end of May/beg Jun and you'll consider selling a few bu then.Smiley Wink

0 Kudos
Farmerjoe79
Senior Contributor

Re: I got a hunch

What is your predictions cx for corn say around that August range do you see the same thing I do.
0 Kudos
RWflier
Contributor

Re: I got a hunch

Joe, i don't think corn got much over 8.00 around here.  You must be in a area that's special. 

0 Kudos
sw363535
Honored Advisor

Re: I got a hunch

So the wheat out west holds the futures price while the basis buys the HRW??  

 

And Ray,  in the example the ethanol price is protected by the futures contract.  So the only risk they stand is the local basis??

And therefore the corn would exist and the basis would be the least in the same areas.

 

 

Thanks for finishing the picture.

0 Kudos
Farmerjoe79
Senior Contributor

Re: I got a hunch

O believe me I felt specialSmiley Happy
0 Kudos
Farmerjoe79
Senior Contributor

Re: I got a hunch

And I hope I feel special again this summerSmiley Happy
0 Kudos
c-x-1
Veteran Advisor

Re: I got a hunch

If Corn retests 825-850 area - guessing it will @ least attempt a breakout... If that is successful, not sure why 10 would provide much resistance.

Rule of 4 --765-848 area 3 times since 2008. 4th time's generally are not "tests"...but, if they are, it is generally ALL over.

 

hope this makes since.

0 Kudos