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Honored Advisor

Market + and USFR

When yore a po boy like me, you gotta glean all the free advice you can   Smiley Happy   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.  Smiley Happy

https://www.agweb.com/usfr

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4 Replies
Honored Advisor

Re: Market + and USFR

Thanks for those BA,  as always.....

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Honored Advisor

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.

http://bit.ly/2rqH42d

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Honored Advisor

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   Smiley Wink

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Veteran Advisor

Re: Market + and USFR

2  Cargo's  of  arrogance ,  soon  lead  to  4  Cargo's  of  humility  -  -  -

 

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