Tuesday the 11th USDA report
Corn 1.864 vs. USDA Jan. 1.892
Beans 443 vs. USDA Jan. 475
Wheat 954 vs. USDA Jan. 965
Corn / Bean ratio 2.331 (low for the yr.)
Start of the yr the ratio was 2.431
Feb Ins. Avg
Corn 391.75 & Beans 916.75 (1st week of Feb.)
Last year Corn $4 & Beans $9.54
Trade packs make no mistake does put support under our grain markets and even livestock. Timing is everything. So I do have some option plays to not only renown corn you might have sold but new crop options also. Call me if interested.
Please look at booking some or all your fuel needs. Don’t be a hero to pick the bottom. It’s cheaper than last year and your always looking to lower your COP. Then WHY not.
Look at the numbers:
CH 4 week High 394 and Low 375.25
4 week avg. 384.50
CZ 4 week High 404.75 and Low 388
4 week avg. 396.50
SX 4 week High 976.25 and Low 909.50
4 week avg. 942.75
Just want to pt. out Corn Usage
Ethanol 39% Exports 13% Feed and residual 37% Other 11%
We have seen better corn exports the last few weeks and Ethanol plants are using more corn cuz of low test weights..
Livestock had a needed bounce. Let’s hope for stabilization of prices.
Fundamentals, technical chart patterns are impossible to ignore in search of price discovery.
Need help or ideas to implement call me or fill out account registration at the website https://www.barringtoncommodities.com and I’ll contact you.