2 responses | 0 likes
Started by bcb - Feb. 9, 2020, 12:46 p.m.

USDA report Tuesday

March Corn held last week the Jan. low 375.25 (last week 376)

4 week range Low 375.25 & High 394.

4 week avg. 384.50

CZ / SX ratio at the low for the yr. 2.331 Start of the yr. 2.431

Re: Grains
By metmike - Feb. 9, 2020, 1:57 p.m.
Like Reply

Thanks bcb!

The markets reaction to planting season weather this year could make it more interesting than usual!

Re: Re: Grains
By bcb - Feb. 9, 2020, 2:16 p.m.
Like Reply

It sure can Mike. As we had seen the adjustments USDA mad to 2018 corn crop, they always like to kick the can down the road. MHO yield of 168 for 2019 is too high. But they will make adjustment in June if need be. HOPE that the 2020 crop produces a lot more acres and 173 + yield. If not they just kicked the can down a Dead End street

Can't ignore great basis and no carry in the corn futures.