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BA Deere
Honored Advisor

"Marcha Marcha" Corn up 6 beans +22

Hopefully the Bulls are back to start 2022  🙂

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7 Replies
Hobbyfarmer
Honored Advisor

Re: "Marcha Marcha" Corn up 6 beans +22

was hoping the bears went into hibernation since we went below zero real temperature.

Part of Brazil is continuing to flood.

Southern Brazil, Paraguay, and parts of Argentina are continuing last years drought pattern.

Yield guessers are lowering expectations weekly.

Re: "Marcha Marcha" Corn up 6 beans +22

The buy back begins for the greedy cash grab for the holidays.  Every year same story same pattern.

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cborman11
Senior Contributor

Re: "Marcha Marcha" Corn up 6 beans +22

Corn is down and beans barley holding onto gains. Idiots in full affect today. 

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Hobbyfarmer
Honored Advisor

Re: "Marcha Marcha" Corn up 6 beans +22

Jan 03, 2022

Emergencies Declared in Brazil Due to Drought and Floods

Author: Michael Cordonnier/Soybean & Corn Advisor, Inc.

 

To show how strange the weather has been in Brazil this growing season, the governor of Parana declared a statewide emergency last Friday due to the prolonged drought in the state, especially in the western part of the state. In the state of Rio Grande do Sul, individual municipalities have also declared a state of emergency due to drought.

In contrast, the governor of the state of Bahia in northeastern Brazil declared an emergency in much of the state due to excessive rains that have resulted in breeched dames, widespread flooding, and thousands of people forced out of their homes. Most of the flooding has been in southern Bahia where there is only minor soybean and corn production. In the main grain producing region of western Bahia, farmers have complained about constant overcast skies and a lack of sunshine since about mid-November.

The extreme weather in opposite ends of Brazil is the result of La Nina in the Pacific Ocean which is expected to moderate in the coming months. Until then, farmers in southern Brazil are hoping for rain and farmers in central Brazil are hoping for sunshine and less rain.

roarintiger1
Honored Advisor

Re: "Marcha Marcha" Corn up 6 beans +22

End users have a gift at the moment with the price of grain.  Hopefully, they are taking advantage of low prices for their inventory.  They may want to buy extra........just in case.  😉

BA Deere
Honored Advisor

Re: "Marcha Marcha" Corn up 6 beans +22

Well, we`ll try it again, corn up 5 and beans up 7 overnight.  Today is Taco Tuesday, maybe traders will run with the bulls today?   Chip was talking to a guy yesterday who was very cautious about these markets, if it`s worth the risk hoping your $6 corn will go to $7 or if it drops to $5 would it put you in a pickle. 

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Re: "Marcha Marcha" Corn up 6 beans +22

They cut the crap out of the basis here.  They meaning the only game in town.

 

 

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