MARKETEYE two simple words

[Jim Meade / Iowa City]

I've been talking to a few local farmers in eastern Iowa who say that while there are areas of poor corn, they think conditions have gnerally improved in the last few weeks as a few short rains seem to have helped roots get to the subsoil moisture.  Tiles were running as late as April.  

No doubt ther top yields are not going to be there, but corn may do better than the gneral gloom and doom is saying right now.

Maybe you'd better sell some at this money and hope it's not the best you could do. 

[Palouser]

Corn going up and crude going down is the result of inflation? Don't think so.

[timetippingpt]

Mizzou....I have been living in reality far longer than you. There was a TIME to hedged which you missed completely. Next came the TIME to be unhedged, around June 4th. The TIME to rehedge is fast approaching, will you actually be ready?

Like always, you will most likely be bulled up and not be ready. We will and after the dust settles we can revisit "reality".

Just fwiw, corn never makes past $8 regardless of the weather.  At 6.70 it is getting close. TIME is passing and it never waits for the bull or the bear.

[jjoseph]

This might be the year it flys past 8 dollars

[Palouser]

It's cheating I know but, technically corn is $8.30 Portland (corn is sold by the cwt here). And with the highest  yields in the nation, WA farmers keep growing more under irrigation on the 'dry side' where 280 bu an acre is not abnormal (so I've been told). It will never be a principle crop here but corn used to be somewhat uncommon here where alfalfa, potatoes, onions, mint, cherries stone fruits, apples and now wine grapes were/are king. Suddenly it's hard to be out of sight of corn in the irrigated districts.

[marketeye]

jjoseph,

It certainly is leaning that way.

Thanks,

Mike

[too close for comfort]

We didn't "need" $1.50 corn along with LDPs years back but we got it. If it comes it will be because of nothing any of us did, but we have to be ready for the consequenses that come with it. I'm certainly not going to turn my back on $8.00 corn but there is going to have to be a good reason for me to not be sold out long before that.