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Contributor

Ok Marketeye

don't start this B-S.    They are trying to lock in some of these profits. With projections of $5.00 corn, $12 soybeans, and much higher wheat ahead, farmers could be leaving $200-$300 per bushel on the table, by selling now ($200 -$300 per bu what the hell you smoking????)  Marketeye you sound just like them 10-20 guys back in the summer of 08 talking of $10 corn and $20 soybean's. You keep talkingHEAT dome.Man how many heat domes have you had coming at us this yr????????? The truth is we could us a heat dome with all the moisture we have been recieving.IMO this is what is moving the market ( you have a lot of spec buying coming into the market) and this stop it's going to drop like a rock and then you will be losing $200 $300 per bu.  

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24 Replies
Senior Contributor

Re: Ok Marketeye

Don`t shoot me, but I thought the reason grains are going up is because Russia`s burnin` up in drought and pulling corn and beans. Also there was good demand for beans all along. If corn goes to $5 be happy... sell 3 years ahead.  Smiley Happy

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Senior Contributor

Re: Ok Marketeye

I know, these comments are very bold. These comments are so bold they are irresponsible to make, if there wasn't technical and fundamental reasons to back them up. These comments are not mine, but those of respected analysts and brokers. In fact, I didn't even put up the other comment a broker told me. He says it's a market like this one where international contacts are crucial. His international relationships are allowing him the confidence to make such bold comments.

 

I'm not saying the guy is right. I'm not saying farmers shouldn't be skimming profits at these price levels. I'm not saying corn is going to $5 and beans are going to $12. I'm passing along to you what experienced analysts and brokers are saying. These guys have a lot of money on the line and are in charge of other people's money too. Yeah, they'll  get paid either way. But, if they throw out these outlandish comments willy-nilly too many times, they will lose their customer-base faster than you can skin a deer.

 

Believe me, I respect the choices you have to make, regarding your risk management plan. This information is designed to help you have all of the angles, a wide variety of what the 'upper office' types are thinking. Good luck.

 

Mike

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Highlighted
Contributor

Re: Ok Marketers

Could not agree more. With the announcement of one international trading firm on the wrong side of the fence. Rumors of the Ukraine stopping shipment of grains. And, now Russia is questionalbe about future shipments. Question where will these end users go?

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Frequent Contributor

Re: Ok Marketers

I have to believe that any comments these "upper office types" make are in their own best interest. If they really thought they had the inside track to such huge profits why would they be sharing this information for free with the rest of the world? Their claims, while certainly possible to some very small degree, are really quite ridiculous in my opinion.

 

Aaron

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Senior Contributor

Re: Ok Marketers

What if you are wrong Aaron, and grains do keep going up to that $5.00/bu corn and $12.00/bu bean  price. What if lthe big boys in Marketeye's circle of traders were throwing out a bone or two for us? I believe the grains can go to those levels easily with the world demand out there and the weather problems being experienced elsewhere this summer. Pretty much worth waiting for donchya think?

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Contributor

Re: Ok Marketeye

Marketeye,I alway did respect your comments but yesterday IMO you over did with your B-S comments from these so called respected analysts and brokers.These same analysts and broker are the same dip $hits talking $10 corn and $20 soybeans back in 08 and anyone taken there advice got screwed.Everone needs a job Marketeye.

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Senior Contributor

Re: Ok Marketeye

Which analyst is most deserved of the dip$hit award?  The one saying $5 corn or the one saying "LDP`s it fall!!! ))))" ?  Up to this point, I`ll be generous to the LDPer and say their both running neck and neck.  Smiley Wink  

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fesentkilr
Senior Reader

Re: Ok Marketeye

Shees north ia farmer what got in your poast toasties. Its just someones opinions. Sounds to me like you are pissed that maybe there is a chance your contracted stuff might not make you look as smart as you thought.

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Contributor

Re: Ok Marketeye

fesentkilr,just read though this B-S.

 

A lot of records broken today. "The fundamentals are in place to move these markets in dollars, one analyst says. Farmers are apparently aggressively selling corn, soybeans and wheat, new and old-crop. They are trying to lock in some of these profits. With projections of $5.00 corn, $12 soybeans, and much higher wheat ahead, farmers could be leaving $200-$300 per bushel on the table, by selling now," the broker/analyst says. "This kind of market separates the men from the boys, the women from the girls," he says.

This one analyst is saying leaving $200-$300 per bu on the table. Man $200 to $300 PER BU hell we can all retire.90% of these so called analyst have no idea what a corn or soybean plant even look's like and they think they can market.It's kind of like the ins man if you can't get a real job be a market analyst.    

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