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What's YOUR best guess for Sep USDA est.
Corn: Beans:
a. above 10.5b a. above 2.65b
b. 10.5 - 10.30 b. 2.65 - 2.60
c. 10.30 - 10.1 c. 2.60 - 2.55
d. 10.10 - 9.90 d. 2.55 - 2.50
e. below 9.90 e. below 2.50
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Re: What's YOUR best guess for Sep USDA est.
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Re: What's YOUR best guess for Sep USDA est.
I'm with the Tiger on this one. C for both.
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Re: What's YOUR best guess for Sep USDA est.
C/D .......but more important will be what the USDA does for the demand side of things...........
the small crop most likely continues to get smaller...........and comes below trade estimates once again..............but bigger thing will be what the USDA says demand is going to do............and then if the market believes it.............can't afford any price break that add's any demand or doesn't curb it as much as needed
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Re: What's YOUR best guess for Sep USDA est.
I still contend that the USDA will continue to set the carryover at the number that they want and work the numbers backwards. However, without much higher prices (especially in soybeans) demand is not going away. I'll guess no lower than C.....for now.
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Re: What's YOUR best guess for Sep USDA est.
C & C my guess----------------------usda will make harvest prove lower and drop into 9's in Oct still guessing.
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Re: What's YOUR best guess for Sep USDA est.
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Re: What's YOUR best guess for Sep USDA est.
i don't disagree at all Farmerjoe that it is a distinct possibility/probability you are correct.
However, if you don't mind, will you elaborate. Mathmatically - 85.7m harvest w/ 116 yield = below. where do you see the reductions coming in??
thanks,
c-x-1
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Re: What's YOUR best guess for Sep USDA est.
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Re: What's YOUR best guess for Sep USDA est.
Over 10 on the corn and more beans than is really out there too.