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Central Indiana | Could also be physical selling from farmers and not all for cash flow. Beans close to 12 again and corn above 4.40 were probably some selling targets for many with a lot of physical unsold bushels. Its been said several times farmer physical selling will limit any chance of a substantial rally.
Hauled some corn to e plant Monday and yesterday. Monday never waited over 15 minutes to dump. Yesterday had 3 lines and waited an hour to dump. Tells me have some push from physical crop 23 sales and possibly some 24 sales as well. Of course we’ve been down 15 in the mornings and up 13 in the afternoon lately as well so who knows. These 25¢ swings over the trading day are really tough to predict right now. | |
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Row crops important day today?
