Ratios

[perspec]

Isn't the corn to bean price ratio usually around 2.3? The corn to wheat price ratio 1.5?  $10 beans should mean $4.35 corn and $6.50 wheat.  What gives?

[BA Deere]

I`m no expert, but I think they say that with the carryover in the US, we already basically have a 30 bushel per acre crop in the bin for 2018.  If you look at the bean carryover we essentially only have a 5 bushel per acre crop in the bin for 2018 ....a week without rain and hot nights in August and that 5 bpa could easily disappear. 

[Mizzou_Tiger]

The corn to soy ratio has shifted

2.5-2.6 is much more common and I expect to see it make a run at 2.85 this spring

[perspec]

Well that justifies it somewhat.  Maybe that 5 bu is disappearing right now down south:)  Thanks