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Contributor

LESS THAN THREE-QUARTERS OF THE U.S. CORN CROP RATED GOOD/EXCELLENT, USDA REPORTS

And  USDA said exporters sold 1.365 million tonnes of corn, worth $456 million, It was the largest corn sale to China since 1.45 million tonnes on Dec. 20, 1994. AND 

U.S. CORN, SOYBEAN YIELD ESTIMATES UNCHANGED, USDA REPORTS

AND For 2020/2021, U.S. corn ending stocks are estimated at 2.64 billion bushels vs. the trade’s expectation of 2.73 billion and the USDA’s estimate in June of 3.32 billion.

AND Brazil maintains its corn production forecast for market year (MY) 2019/20 (March 2020 – February 2021) at 100 million metric tons (MMT), based on poor yields in the southern states of Rio Grande do Sul and Parana after a prolonged dry spell, 

AND  

FARMERS FALL SHORT OF CORN PLANTING FORECAST

AND Corn plantings were down by 5 million acres from USDA’s March survey.

All of this truth, posted to us on this site.  SO HOW THE SUCK (sp) does corn go down 20.4 cents the last two trading days?  How do these idiots that have no corn, no crop what so ever, actually these pucks (sp) never even played in a sand box, let alone planted a crop control what we will get for our farming gamble each year????  Unbelievable.  

2 Replies
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Honored Advisor

Re: LESS THAN THREE-QUARTERS OF THE U.S. CORN CROP RATED GOOD/EXCELLENT, USDA REPORTS

You can now add in a large corn sale to China. And the market doesn’t move up. Are you kidding me? 

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Veteran Advisor

Re: LESS THAN THREE-QUARTERS OF THE U.S. CORN CROP RATED GOOD/EXCELLENT, USDA REPORTS

It shows how much the trade actually believes China will follow through with the purchases....

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