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Market + and USFR
When yore a po boy like me, you gotta glean all the free advice you can 🙂 Arlan Suderman doesn`t believe USDA numbers, the low TW corn will take more feed usage, feed demand greater than first blush. Weather may not cooperate getting that last 10% corn harvested. I`ll add if you`re in DeKody and barely get done picking at the end of May, are you really going to think about corn on corn in 2020?
https://www.youtube.com/watch?v=nSIoNAQ7Izw
Chip Nellinger and Sam Hudson talk about the down beans after China signing. Possibility of 95 million corn acres. They think China will be buying beans soon instead of one big slug at harvest. Those taking "market signals" and plant all corn for the 5th year in a row, I would say some might be contrarians and cash in on all beans, a hot August morning the radio will announce a 1 billion bushel China purchase...too late to plant 2020 beans then. 🙂
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Re: Market + and USFR
Thanks for those BA, as always.....
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Re: Market + and USFR
Heartland Farm Partners
Hi Hobbyfarmer
Corn Prices this fall could be below $3 with favorable weather. Click below for the Market Outlook.
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Re: Market + and USFR
I think Chip Nellinger said 2.7 billion carryover with 95m acres. "$6 beans" might not look so bad with sub $3 corn. Better have a President in 2021 that has a history of putting through market assist payments 😉
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Re: Market + and USFR
2 Cargo's of arrogance , soon lead to 4 Cargo's of humility - - -