Market report action bullish
They cut harvested acres in Corn by 1 mil. acres and Soybeans 700k.
No real yield reduction. Time will tell if lower.
Beans Stock to Use ratio down to 2015 and 2016 levels
2015 High for beans were 1062 and 2016 1208.50
Last yr. this coming week Corn made its High at 401.50
Please remember Dec. corn contract has gone off the board under $4 in yrs.
2014, 2015, 2016, 2017, 2018, 2019, 2020??
Dec. contract started the yr. at 402.50
Please reward this rally for both Beans and Corn (sell 20-40% production)
Do you get hurt selling at profit levels. Increment sales
Can always buy percent back on breaks with March bean calls.
US Dollar at 2 week lows
S.A weather dry
Ukraine and Russia trending dry
Western part of US dry
China buys and buys
Trend is your friend
Looking for a fast harvest pace with this warm dry weather.
Call for more info
Please refer to archives from the last few weeks for #’s