Friday the 8th USDA Supply / Demand report
Opening Day Baseball this week might be more exciting than the USDA Report
March 2022 March 2021|
Corn 89.5 mil. acres 93.3 -3.8 from last yr.
Beans 90.96 87.1 +3.7 from last yr.
This was as of March 1st survey
3-1 the Nov. Bean / Dec. Corn ratio was 2.36
Nov. Beans 1477.00
Dec. Corn 624.75
Nov. beans 1406.75
Dec. Corn at 688
You can see what I’m getting at.
Russia destroyed or damaged an export facilities in Odessa Ukraine this weekend.
Will keep an eye on WAR.
Eastern corn belt getting wet but a good time for that.
US weather will start to be in play another 2.5-3 weeks for some.
2 yrs. ago analyst were BEARISH grains and we saw what happened.
Now there BULLISH….be careful
World wants to tame inflation.
Fed. raising interest rates
Covid pops it ugly head again.
There are some bear factors to keep in mind here.
New crop corn doesn’t need to rally to pull some acres away from beans. IF beans break more that could be doing the job.
Sorry about the last few weeks of NO comments
Vacation and spring break around the grandkids did it. NOT PUTIN
call me with questions or thoughts
Branch Office HighGround Trading