QE3 is coming................there are signs in the equities market that it is..........both broad and sector based indicators.........also, a bearish report (well supposedly, when you get past the emotion its still bullish) to push things down before a QE event would be pure coinicidence, right.......
SA weather is variable with ARG and SBR looking dry for 10 days.......temps likely building back too.........isolated areas of more than 1 inch rain last week.......but overall it was one of those, slow the bleeding on areas still alive, did nothing for those areas almost dead.........one thing not really factored in here is acres.......there are a lot of unplanted acres in ARG due to drought that are pushing the planting window, this weekend is a factor for some already.........BR has there second corn crop that goes into areas that is actually too wet and harvest is basically 1% done.......
US production.......lot of talk on acres and yields the last few days........I will try and get the acres chart updated and will add some stuff to it, see what the COC trend looks like..........if you believe Dr. Fred Below........and his thoughts that the yield hit with COC only gets worse instead of better over continous years of COC.........this will effect national average and trendline.........thus we need to think about corn production as a total capacity........also you can bet cotton acres will remain close to 2011 acres due to healthy prices.........peanuts will compete this year.........wheat acres are up.........and due to hay shortages in areas, we have probably slowed the plow down some.........
