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Post by acfarmer on Dec 27, 2011 12:22:48 GMT -5
I guess the south america weather is finally driving the markets. What will happen when the usda comes out with there final report here soon? Any thoughts on this
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Post by kwestfarms on Dec 27, 2011 16:33:32 GMT -5
Based on what hobbyfarmer posted above in Crops about high crop insurance payouts and the lower yields posted in the late planted areas and high amounts of acres not planted in flooded areas.....you would think USDA will lower 2011 production and prices will go up!!! That being said...... they will probably stay the same or go down!!! Markets are hard to call....just have to sell when it works for you!!! And find out later if you did the right thing.....just the way I see it!!!! John
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Post by acfarmer on Dec 28, 2011 8:10:26 GMT -5
My market stagedy consist of I read on a couple of these sites of what others are saying , take all that info and my gut feeling and make sales. I have a good chunk of corn to haul in for jan. in that 6.60 range. The rest is unsold. Im wondering if 6.00 is the best we will see or will there be a run up in price anytime soon. The way Im set up I dont have to make too many sales untill Feb. and have some I can sit on longer.
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Post by Dave-ECIA on Dec 28, 2011 19:29:52 GMT -5
Keep in mind this is my "feel" for the market. This market is steadily scaring the short positions and most farmers have all the cash they need for now. Nobody is in a hurry to sell.
I would look to make cash sales back in the $6.50 range before April 1st. That may happen in the first week of January, so be ready.
With the estimated corn acres for 2012, I don't see a big summer run up like last year without major weather issues again.
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Post by MarlandS on Dec 29, 2011 22:32:58 GMT -5
Here's what I'm seeing locally, maybe you guys can do something with it. Elevators are crying for corn or atleast were . They started taking Jan corn Dec 1 . I had to go clean out a couple of bean bins so those locations could have more corn storage .
All are still shipping beans as fast as they can , ofcourse they may be just filling contracts . But one location has contacted me to come clean 5 of their 6 bean silos saving one for farmers who prefer to haul their own in instead of having the co-ops semis haul direct to Cargill .
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