cancel
Showing results for 
Search instead for 
Did you mean: 
BlackCattle
Frequent Contributor

Mizzou Tiger question

MT, what are your thoughts about what USDA will say Friday about 2013 crop, carryover, etc? What about price action prediction??  Feel free to touch on any or all subjects. 

0 Kudos
1 Reply
Mizzou_Tiger
Senior Advisor

Re: Mizzou Tiger question

still dont think the crop was/is there, might take till June to figure it out...........

 

as for what the USDA says, while I should care..........i dont..........our local market will bid bushels regardless of what some ignorant bean counter says...........

 

all indicators say it will be bearish...........everyone is expecting bearish..........January report is historically bearish............I will agree with the statement, this could be a sell the rumor and buy the fact moment.............

 

I do know this, with every tick down in corn, acres are evaporating..........not sure if the USDA sees this and might try to firm up things going into insurance spring price set............corn goes into the $3 range and we will have a corn supply issue this time next year.............

 

soya is probably the one I am trying to get my head around...........and IMO its a wildcard..........tight supplies and hungry demand for the 13 crop, potentially large acres in 14............yen and yang

 

0 Kudos