Back for more fun with enhanced 2FA on the account. No, I didn't make millions in bitcoin. No fancy cars, houses or watches. Share-croppers can't afford those things.
USDA changed the crop picture, but the acreage question is getting more important. Matt Bennett, @chief321, weighs corn yield, soybean acres, wheat prices, China demand and why he favors storing corn over soybeans.
Market Analysis: https://t.co/8KILajegTe
@Hoosier7883 I kinda hope it doesnβt go that high to be honest. Would make fertilizer skyrocket and inputs wonβt come down as quickly as corn does on the back end.
Interesting for beans in that we planted 5.8 million acres more and carry-out drops from 325 last year to 310. It looks like we need more bean acres again. But corn stocks/use at <10% shows a need for acres as well. Then there's wheat-at $7.50-$8 SRW and HRW likely finds acres.
Second day in a row of a pullback seeing buying come in. Everyone has been bulled up as we've gotten to the best prices in the last three years. How bullish are you on March corn? Where does it top out before going off the board?