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Senior Contributor
Posts: 287
Registered: ‎05-11-2010
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So where the heck is everybody?

The markets go crazy and no comments? No one expected this.

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Honored Advisor
Posts: 5,591
Registered: ‎01-10-2012

Re: So where the heck is everybody?

Shock and awe

 

isn't this where we call them incompetent, and crooks?

Frequent Contributor
Posts: 40
Registered: ‎06-04-2016
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Re: So where the heck is everybody?

Trying to figure this out.  Last month, 90 million acres each for corn and beans.  Now 89 and 88, while wheat is up less than .5 million. So what happened - 2.5 million acres into CRP??  Tell me where those 2,5 million acres went and maybe I'll believe this could be a real rally.  Alfalfa? Cotton? Milo? Sorghum? Sunflowers? Sugar Beets? Revert to pasture for cattle?  None of those make a lot of sense to me, but they must have gone somewhere.  Otherwise, to paraphrase what Arnold would say, "They'll be back!"

Senior Contributor
Posts: 376
Registered: ‎08-02-2012
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Re: So where the heck is everybody?

To little to late no one cares when this market is so underpriced. A month straight of this people would comment. Crooks
Veteran Advisor
Posts: 3,780
Registered: ‎02-11-2013
0

Re: So where the heck is everybody?

Note to IT department

I didn't get the memo

Honored Advisor
Posts: 8,328
Registered: ‎07-18-2011
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Re: So where the heck is everybody?

just prep for the dive it will take in April as usda corrections come and the carpetbaggers fresh off their tech profits, prepare to take land away from the homesteaders.  And all the happy voters can pay their cell phone bills with the cash they saved on food.

 

Advisor
Posts: 687
Registered: ‎05-13-2010
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Re: So where the heck is everybody?

So if this is just a "fake rally", and I'm not saying that it is or is not, How do we market to take advantage of it???

Honored Advisor
Posts: 5,591
Registered: ‎01-10-2012
0

Re: So where the heck is everybody?

It's easy peasy....lemon squeezy

 

 

sell.

 

The last couple times we had a pop in prices the basis was adjusted to absorb the CBOT increase. NOT THIS TIME, at least not yet. 

What was not in the report is the Argentine situation. They will be a diminished force in the export of soy meal, and maybe more so of corn.

 

Very quiet at the Gavilon train loader last couple of days on the incoming side.

Their corn bid is 4¢ higher than the eplant. Have a corn train to load tomorrow.

They were loading trucks with beans to get a 80 Mile ride to the crusher.

 

I sold two loads to the crusher for delivery immediately for $9.91 yesterday at the close. Hope I look back later and can say I sold too quick.

 

Monday by noon we'll maybe have a better handle on it.

Esteemed Advisor
Posts: 2,693
Registered: ‎04-29-2011
0

Re: So where the heck is everybody?

I think that most everyone was shocked by their acreage predictions.  With almost instant information these days that is available on the internet, they seem to be having more trouble hitting their moving targets.  They need to put away the rifles and get the shotguns out of the gun cabinets for these reports.  They might have more success.  Smiley Wink

Honored Advisor
Posts: 8,328
Registered: ‎07-18-2011
0

Re: So where the heck is everybody?

[ Edited ]

Keep the good handle you have on the real market "supply and local demand" and sell the fake market when there is profit offered.

 

Anybody notice the article by our old quiet friends at SF noting that Brazil is expecting to have to import US Corn.....???

 

With these acre adjustments our "marketing SF" friends seem to be ignoring themselves on that issue.... Staying with the "SF Lobby" mantra of downplaying positive news.  Smiley Happy