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Massive farmer selling on yesterdays rally.. 5 trucks.
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JDB1980
Posted 3/8/2024 08:09 (#10656826 - in reply to #10656655)
Subject: RE: Massive farmer selling on yesterdays rally.. 5 trucks.


I'd like to subscribe to your newsletter. haha

21-23 were wonderful prices which put most everyone in a pretty good cash position.
Many are living on banked profits and that there really is alot of grain still in farmer hands
After 23, everyone thinks the new hybrids are impervious to drought
Early spring warm wx wont let itself to a rally, but more of a cap.
I really do think the weather bears watching, but the market wont show a wx premium until its realized if there is a problem (sept earliest?)
Store and ignore marketing may not work in 24, but it did in 21-23
I'm in the store and ignore camp, but decided I'm going to trickle out my grain btwn now & 7/1. Lick my wounds and move on.
Therefore I assume a rally will happen July/Aug
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