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Fairbury, NE (Southeast) | There has been a large push across the corn belt to have more on farm-storage. Be it 10k plastic tubes of coon-attractant or 150k tin cans...I wonder if this is more or less of a factor regarding the futures price movement. If enough guys capitulate regarding bushels in commercial storage it would have some negative effect on futures. My theory would be bins, to some extent are working against producers, no easily transparent "storage" costs except interest. Kind of a cruel "free price later" if you will.
Is this enough to affect commercial hedging thus futures? Or no.
My bias is we are 50 cents below the perceived "bottom" in corn guessed in late 23.
Beans? 11 dollars was something not guessed until the fall of 24 with Joe R's proverbial 55 bu yield.
Interesting times.
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Grain movement...commercial storage vs on farm.
