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Honored Advisor

Severe weather threatens U.S. planting intentions

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

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4 Replies
Esteemed Advisor

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...  :-)

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Senior Contributor

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.

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Honored Advisor

Re: Severe weather threatens U.S. planting intentions

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

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