Believer | 7th generation IL farmer | Hedging Strategist with @AgMarket_Net | U of I grad | Opinions are my own and should not be taken as trading advice
It’s been a long time coming but today I can finally say I’m officially a licensed broker with @AgMarket_Net. I can’t thank @chief321 & his team enough. 12 year old me riding in a tractor & listening to Matt on the radio wouldn’t believe he’d end up working with that guy someday
Phantom yield loss test that we ran this fall. Same variety, everything identical except being harvested about a month apart. 26 dry bushels difference
Big shoutout to @Bkitch1Bodie - I messaged him last week asking if he had any BioBoost Corn left. He said no but let me do some looking. Fast forward and we have 2 pails on hand thanks to @MeeceUPAgronomy. Excited to split the planter and see some side by side data @bw_fusion
Each of the past two years, Dec #corn put together a two week rally at the beginning of June.
In both years, the peak of the rally turned out to be the high for the rest of the contract
Really like the look of May corn here as long as we don’t stall out and reverse. A failure here would suggest a pretty clean double top pattern projecting back down to the lows at 6.10
@BJSplitt Only twice since November have May beans closed below the 20 day EMA and not taken it back the next day. Today looks to be number three, although I am more interested in tomorrow's candle than today's
Last 5 years Sep WASDE bean yield adjustments from Aug report:
2021: +0.6
2020: -1.4
2019: -0.6
2018: +1.2
2017: +0.5
Avg absolute value of move: 0.86 bushels
*Past does not indicate future*
Last 5 years Sep WASDE corn yield adjustments from Aug report:
2021: +1.7
2020: -3.3
2019: -1.3
2018: +2.9
2017: +0.4
Avg absolute value of move: 1.92 bushels
*Past does not indicate future*