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Honored Advisor
Posts: 2,903
Registered: ‎04-29-2011
0

Severe weather threatens U.S. planting intentions

[ Edited ]

This, in the headlines from Allendale this morning.     The traders and computers at the CBOT must not read the headlines.   Smiley Wink

Senior Advisor
Posts: 1,220
Registered: ‎05-20-2010
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Re: Severe weather threatens U.S. planting intentions

Well, it really is a FAKE news headline. Severe weather in March can in no way

threaten planting intentions. Way to early in the game, by at least 4 weeks.

 

Besides, everyone has plenty of moisture and moisture makes grain...  :-)

Senior Contributor
Posts: 293
Registered: ‎05-11-2010
0

Re: Severe weather threatens U.S. planting intentions

No kidding. If we're still talking about this in two months, and nothing is happening to prices, then we can complain.

Honored Advisor
Posts: 8,920
Registered: ‎07-18-2011
0

Re: Severe weather threatens U.S. planting intentions

[ Edited ]

kind of agree.....

 

It might have actually mitigated some of the coming "melting thaw" flooding news that was coming next month....... although that will still happen.   Puts a real burdon on the state budget of Nebraska.... there is a lot of long term structural damage to repair.  Roads -culverts, dams, local dirt roads gone,  irrigation systems that took in a lot of silt and trash pater,  -- hay and feed loss -- lot of animal structures too damaged to use --

 

They are a lot like these cattle ranches in southern Ks that burned out the last few years from Meade to Medicine Lodge... The grass came back great and the fences after 2 years look like a miracle, but it was a long term fatal blow financially for many... more ranch grass in that area has changed hands than I can remember in a lifetime.

This deal in the platte valley Nebraska looks like a similar deal to me..... the financial blow will take a long time even if most crop acres eventually dry out enough to make a crop.  

The killer overhead costs and the dryout delays may make some acre choices get readjusted.  Corn needs to be in pretty soon... 3-4 weeks to get seed in ground....  4 weeks won't even get the roads open. 

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Honored Advisor
Posts: 2,903
Registered: ‎04-29-2011

Re: Severe weather threatens U.S. planting intentions

Yeah, despite the saying "buy the rumor, sell the fact", nobody ever really reacts much to bullish grain news until it's a proven fact.  Someday, the door won't be big enough for all of the shorts to get out. Smiley Wink