|
| Stocks to use... A lot more contributing to the overall picture. Dec 1 on farm grain stocks up 16% year on year. The producer is holding a lot of grain and shocked by prices. Funds have front ran selling and sit at the shortest positions held since 2019/2020 in corn/soybeans. The Trap is set. The producer is looking out ahead, hoping for a spring rally. If we get a scare, great, sell into it, as the funds will overreact to the short squeeze, if not, and we get into planting season, we will come out the other side this summer with ALOT of grain to move, at which point the natural seller, the farmer, will have no choice but to clear space, pushing the market lower. Basis levels will fall out of bed as producers rush to move grain ahead of harvest.
Edited by FullCarry 2/15/2024 08:49
 (Screenshot 2024-02-15 083847 (full).png)
Attachments
----------------
 Screenshot 2024-02-15 083847 (full).png (40KB - 158 downloads)
| |
|
Price projections
