Merry Xmas To All
Cattle On Feed
Monday 26th markets closed and reopen Tuesday morning 8:30 am
MHO buy March 640 Corn puts for 14 cents or less to take some risk of the New Year.
American Soybean Association
“To date, there have been announcements for 23 plant expansions, which would add 750 mil. bu. per yr. crush capacity. Of the 23, 13 are for new plants and 10 are for expansion of current plants”.
Seems meat alternatives which use bean protein concentrate is showing growing demand, plus biofuels. The Dec. Corn 23 / Nov Bean 23 ratio is at 2.325 with a High at 2.358
Market wants more bean acres right now,
4 Week Avg.
CH 654.50 WH 775.25 SH 1455
I’ll take a shot at some ranges
March Corn 647-642 Lows and 670-676- High
March Beans 1445-1425 Low (if rains come to ARG. soon) and 1497-11522
So anyway again Merry Xmas follow me also on Twitter
Branch Office of HighGround