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the catch to the tour.........
they stay north..............lotta bad or chopped corn south of their tour line.........
so think about this.........if most of their yields are coming in close or under USDA number for August...........and its the good stuff.......
throw in the worst and you have well.........
WORSE THAN I THOUGHT.......................
looking at 10% lower than USDA August number..........starting to doubt my 9B floor..........but will hold for now.........
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Re: the catch to the tour.........
WELL....who started the HALF a crop thang???? - still might not be to far off......KA+MO+ MN = averages ea other out. i might be edumacated, but i like doing gross/simple/common sense estimates.
it actually might be KA/MO/TN/KY cancelling out w/ MN/NB if IA comes in below 120
is Ka REALLY 93 & Mo 75 per usda??????
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Re: the catch to the tour.........
i dont think the state of Minnesota will end up much above average. Looks great but the heat did damage up here too.
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half a crop is...........
7.4B............guess we will see, but not sure we get that low.........
still holding at 9B..........
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Re: half a crop is...........
being purely technical: just the 4 state totals in from profarmer, we sit @ 10.778 minus .244 = 10.534b...or pretty darn close to the 10.5 or below that Roggensack and floor was harping on to get corn above 9.
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Re: half a crop is...........
still think it takes a 9B print of something before things go nuts.........if its 10B something they will still flounder a bit..........going single digit is a big deal..........
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Re: the catch to the tour.........
@tim7781 wrote:i dont think the state of Minnesota will end up much above average. Looks great but the heat did damage up here too.
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Re: half a crop is...........
True, been a while since final below 10.
trade is starting to factor in fewer ac harvest - i would venture ed guess most agree we're down to that 82.5m ac level, incl mkt.
all she needs is a 120 final, w/ 86% harvested to get a 9.9.
i realize factor of increasing bpa per lowering ac, however, too.
also, remember BIG picture. w/ around 10.5b US, WORLD stocks/usage already BELOW 73/74. so the question becomes, why wouldn't price have a NATURAL tendency towards following that benchmark or surpassing it %-wise going into SA jan or so?
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Re: the catch to the tour.........
My general area of central Mo is coming in at around 20-40 so 75 may be high for unless we are the worst of the state. In Cooper County. Patrick