Short it. Prices are high and it’s a pretty decent size crop coming. We all know the crop always gets harvested. Reports like this are short term selling opportunities.
The big problem is that we have more sales/demand than there is supply.
Is most of this dialed in?
What if the drought out west, into parts of the Plains/W.Cornbelt continues with the current La Nina favorable for a dry Spring/early Summer?
Once those harvested beans in SA hit their bins, US sales will dry up like they do every other year. Weather? Well....I guess time will tell. Acres for both beans and corn will be huge this year. I would be surprised if they weren't. If spring is dry, seed gets in the ground quicker.
and corn always gets planted first.
If soybean and corn acres will be huge
Which crops do you think will be less??
Aren't you a farmer? With prices where they are, what are you most likely to plant and are you going to plant every available acre?
We haven't seen prices this high in years, there is a lot of incentive to get a lot of crop in the ground.