I’m told that when the shorts start to cover it will be met with MASSIVE farmer selling with bushels which USDA says are “out there.”
Reports yesterday.. 85% of last falls harvest is already priced.. but only 50% when you add the phantom bushels from USDA’s super drought hardy amazing corn yields. Our dryland corn went 350 bu.
3 producers sold 5 truck loads on yesterdays rally.. heck of a haul.. I guess there was a line.. as one of the trucks blew a tire. While dumping..
I'm personally going to sell another 30% of the bushels I didn’t harvest last fall if the rally continues today.. before the Brazilians offer bushels which USDA says they have.. but won’t raise.
heck of a deal.
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