We're headed for another bullish USDA Report next week. Soybeans are already in a rally mode. Will a tight stocks report fire up a corn market rally next week? How's your marketing plan looking, as you head into the field in a few days?
Thanks for sharing,
I do not see corn getting over 5.75 unless we have a weather scare. Now that most of the I states have some rain and we are certain there will be a crop my marketing plan is simple...If i see 5.75 I am dumping. I am not worried about soybeans until actual planted acres report comes out. I believe that $13.70 beans will turn some of the guys thinking about corn on corn to turn to the profit of the soybeans.
The possible problems I see with my plan is if Corn acres drop to 94 million and soybeans jump to 75 million then my plan will have to be revised. But I can not complain about $5.75 when it could possibly hit $4.25
Im speaking before the basis. So I'm looking for 5.25 and 13. How do you figure 305 an acre?